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3 years ago

What is the difference between factor payments and profits

Business

1 answer:

Mariana [72]3 years ago

3 0

Answer:

here is some differences which is

Explanation:

Yet, just as we differentiate between daily use and the traditional sense of economic terms, a number of economists–and Econ textbooks–introduce a concept known as "economic profit." While the difference between the revenues of the companies and the costs of the factors they generate is natural, or accounting, income is the difference between the revenues of the company and the costs of those factors. Since it consists of the comparison of alternatives, economic benefit is seen as a reward for business— the making of economic decisions and taking of risks. Some go so far as to describe enterprise as a separate output factor,

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Grouper Ltd. estimates sales for the second quarter of 2017 will be as follows.

Alona [7]

Answer:

July production = 2,660 units

raw materials per unit = $6

ending inventory of raw materials = 50% of next month production

<h2> RAW MATERIALS PURCHASES</h2>

April May June

units to be produced 2,200 2,130 2,330

+ ending inventory 1,065 1,165 1,330

EU raw materials

- beginning inventory -1,100 -1,065 -1,165

EU raw materials

total direct materials

purchases (in units) 2,165 2,230 2,495

cost of direct materials $6 $6 $6

per unit

total purchases $12,990 $13,380 $14,970

8 0

4 years ago

How do you pay back an auto loan?

MrRa [10]

Make at least one large payment over the term of the loan.

4 0

4 years ago

Your firm needs a computerized machine tool lathe which costs $53,000 and requires $12,300 in maintenance for each year of its 3

solniwko [45]

Answer:

$4,833.282

Explanation:

Calculation to determine the after-tax salvage value

First step is to calculate the remaining value after 3 years

Using this formula

Remaining value after 3 years = (Purchase price)x(1-summation of MACR rates from start to the current date)

Let plug in the formula

Remaining value after 3 years=$53,000*[(1-0.3333)-0.4445-0.1481]

Remaining value after 3 years=$53,000*$0.0741

Remaining value after 3 years=$3,927.3

Now let calculate the after-tax salvage value

After-tax salvage value=$5,300-[($5,300-$3,927.3)*0.34]

After-tax salvage value=[$5,300-($1,372.7*0.34)]

After-tax salvage value=$5,300-$466.718

After-tax salvage value=$4,833.282

Therefore The After-tax salvage value will be $4,833.282

8 0

3 years ago

MC Qu. 01 Darius is considering buying new bedroom... Darius is considering buying new bedroom furniture. Naturally, he compares

marysya [2.9K]

Answer:

the total product offering.

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, furniture, computer, soft drinks, motorcycles, shoes, clothes, etc.

A total product offering can be defined as all of the features and attributes of a product that a consumer evaluates when he or she is deciding whether or not to buy a particular product. Some of the important elements of a total product offering are price, convenience, guarantee, warranty, producer's reputation, buyers' past experience, speed of delivery, brand name, package, etc.

In this scenario, Darius wants to buy a new bedroom furniture. Naturally, he compares the various attributes of a product which include types, warranty, reputation, price, product experience, etc.

Hence, all of the components that Darius is evaluating make up the total product offering.

6 0

3 years ago

Culver Company has the following securities in its portfolio on December 31, 2017. None of these investments are accounted for u

SIZIF [17.4K]

Answer:

unrealized loss (OCI) 500 debit

trading securities- wallace 5,200 debit

trading securities gordon 4.200 credit

trading securities - martin 1,600 credit

cash 66,300 debit

loss on investment 6,900 debit

trading securities - gordon 73,200 credit

--to record sale of gordon securties --

trading securities earnhart corp 53,800 debit

cash 53,800 credit

--to record purchase of earnhart--

unrelized loss(OCI) 7,100 debit

trading securities earnhart corp 3,700 credit

trading securities- wallace 3,400 credit

-- 2018 year-end adjustment--

Explanation:

gordon 77,600 - 73,200 = (4,100)

wallace 172,900 - 167,700 = 5,200

martin 63,500 - 65,100 = (1,600)

Total adjustment (500)

We will declare as other comprehensive incoem the unrealized loss of 500 dollar for the period

At sale date we compare the proceeds and the cost to check for the earning or losses:

1,500 shares x $45 each less 1,200 fees = 66,300

gordon shares book value (73,200)

loss on investment 6,900

Earnhart corp:

700 shares x $75 each plus 1,300 fees: 53,800

year-end adjusting 2018

earnhart 50,100 - 53,800 = (3,700)

wallace 61,700 - 65,100 = (3,400)

martin 167,700 - 167,700 = 0

unrealized loss (7,1 00)

3 0

4 years ago