1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KonstantinChe [14]
3 years ago
7

If Anderson works 37 hours each week as a clerk at the county​ courthouse, he is supplying labor in an

Business
1 answer:
Romashka [77]3 years ago
6 0

<u>Answers:</u>

1. If Anderson works 37 hours each week as a clerk at the county​ courthouse, he is supplying labor in an  input market. Anderson is considered as household.

2. If Mei Lin purchases a​ 3-week Mediterranean cruise vacation for her​ parents, the cruise ship company is supplying a service in the  output market.

3. The cruise ship company is considered  as firm.

4. If Caterpillar doubles employment at its​ Huntsville, Alabama​ factory, Caterpillar is demanding labor in the input market.

5. Caterpillar is considered a  firm.

6. If the Greyson family sells their​ 250-acre ranch to​ Marriott, so Marriot can build a new resort and golf​ course, the Greyson family is supplying land in an input market.

7. The Greyson family is considered household.

<u>Explanation:</u>

Households provide the demand for the goods and services in the market. Households also provide inputs to the firms in the form of labor. The households earn wages through supply of labor to the labor market. Firm is any business organisation that sells goods or services to make profits. Firms take labor as input from the households. Firms supply goods and services for the households.

Input means taking things into firm while output means giving out a product or service to households.

You might be interested in
Chester's balance sheet has $105,027,000 in equity. Next year they expect Assets to increase by $4,000,000 and Liabilities to de
Murljashka [212]

Answer:

107,027,000 is the total book value

Explanation:

So, you would start by adding 105,027,000 to 4,000,000 that gives you 109,027,000. Then you would subtract 109,027,000 and 2,000,000 that gives you 107,027,000

Therefore your answer will be 107,027,000

6 0
3 years ago
Complete the following statements using either "debit" or "credit":
Gekata [30.6K]

Answer:

a Debit

b Credit

c Debit

d Credit

e Credit

f Credit

g Debit

h Debit

i Debit

Explanation:

The rules are that increase in assets such as cash account ,delivery equipment,accounts receivable are debited while the reverse is done for reduction in assets.

The increase in liability accounts and revenue such as accounts payable and revenue account delivery fees are normally credited while the reverse applies to decrease in liabilities.

The increase in expense is normally debited while the reduction in expense is a credit.

The increase in capital account is a credit

4 0
3 years ago
The following information is available for MVF Company(dollar amounts are in millions)
Klio2033 [76]

Answer:

                                           2016            2015          2014           2013

gross profit%                     26.29%        22.58%      22.45%     22.41%

Inventory turnover          6.58               7.64            7.6             7.94

cost of material %          59.89%       51.76%         89.82%       51.10

b. gross%  has increased this may be due to a high demand, and intense marketing.

inventory turnover has decreased this may be due to new competition, or introduced product(new product)

cost of material purchased % it has increased in 2016, this may be due to increased production and effective use of material.

Explanation:

gross profit % =gross profit/ sales

gross profit = sales less cost of sales

inventory turnover = cost of sales / average inventory

average inventory = (opening inventory + closing inventory )/2

cost of material purchased/ cost of finished goods

finished goods = cost of sales + closing - opening goods

4 0
3 years ago
Gulshan Parvana operates a machine shop in Istanbul, Turkey. She places bids on small projects in the metropolitan area. Which o
vitfil [10]

Answer:

A) number of projects completed

Explanation:

As Gulshan Parvana is operating a machine shop which generate revenue based on the bids on small projects. So, the most suitable basis for the allocation of utility cost is number of projects completed in the month. This basis drives the utility cost. As revenue and cost are based on the number of bids on projects won and completed in the period is the most suitable basis for cost assignment.

7 0
3 years ago
Which of the following is not a personality trait?
jekas [21]
Word processing is not a personility trait
8 0
3 years ago
Other questions:
  • The study of economics on a smaller scale is called
    11·1 answer
  • What is the difference between finance and accounts​
    10·1 answer
  • For most business enterprises a market is:
    10·2 answers
  • if estimated land value is 225,000 total net operating income is 85,000 and interest on the estimated land value is 14% per year
    8·1 answer
  • When a firm uses a mathematical model to identify the price at which the firm will make the most money possible, it is implement
    10·1 answer
  • The income received by a country's people from all sources in a given time period
    6·1 answer
  • Alpaca Corporation had revenues of $270,000 in its first year of operations. The company has not collected on $18,700 of its sal
    10·1 answer
  • Maricela writes slowly. When preparing a first draft, she spends a good deal of time formatting and choosing the correct font. M
    10·1 answer
  • How responsible should sport/event organizations, celebrities, and athletes be for keeping their various publics happy? We know
    10·1 answer
  • On January 1, 2020, Cheyenne Company purchased 40% of Santos Corporation 465,000 outstanding shares of common stock at a total c
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!