All categories

3 years ago

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

The process of leaving your money and any accumulated interest in an investment for more than one period, thereby reinvesting th

hichkok12 [17]

Compounding is known as the act of leaving your money and other accumulated interest in an investment for more than one period.

<h3>How do you explain the word compounding?</h3>

Compounding is known to be the method used when an interest is credited to a specific existing principal amount and also to interest already paid.

It is the act of letting go of one's money and other compiled interest in an investment for a long time.

learn more about Compounding from

brainly.com/question/2449900?source=archive

5 0

2 years ago

Merck & Co., Inc. is a global, research-driven pharmaceutical company that discovers, develops, manufactures, and markets a

Ugo [173]

Find the given attachment

3 0

3 years ago

Mr. Boyd and Ms. Tuck decide to form a new corporation named BT Inc. Mr. Boyd transfers $10,000 cash and business inventory ($20

kicyunya [14]

Answer:

1. Mr Boyd's share = 400, Ms Tuck = 800

2. Mr Boyd's realised gain = $16,800, recognized gain = $0, basis = $13200

Ms Tuck's realized gain = $18500, gain recognized = 0, basis = $41500

Explanation:

Total share = $1200

Cash received from Mr Boyd = 10000

FMV from him = 20000

Total value = 30000

FMV of equipment from Ms Tuck = 60000

Total value from both of them = 60000 + 30000 = $90000

Number of share Mr Boyd is to receive = 1200x(30000/90000)

= 400

Number of share Ms Tuck is to receive

= 1200x(60000/90000)

= 800

<u>Mr Boyd's gains</u>

Cash received = 10000

FMV = 20000

Total = 30000

Adjusted basis = 3200

Total tax basis = 10000+3200

Gain realized = 30000-13200

= 16800

Gain realized = 0 because it is a non taxable exchange.

Mr Boyd's realised gain = $16800, recognised gain = $0, basis = $13200

<u>Ms Tuck</u>

FMV = 60000

Adjusted tax basis = 41500

Gain realized = 60000-41500

= 18500

Gain recognized = 0(non taxable exchange)

Ms Tuck's realized gain = $18500, recognized gain = $0, basis = $41500

the FMV basis of inventory = 20000

carryover basis = 3200

equipment basis FMV = 60000

carryover basis = 41500

note that no gain if equal to or more than 80 percent of the ownership of the stock in a non taxable exchange.

6 0

4 years ago

What is the biggest attraction for businesses considering engaging in

ivann1987 [24]

Answer:

the size of the market on a p e x

Explanation:

5 0

3 years ago

Read 2 more answers

What is considered one of the most common mistakes made by North American companies when trading with a Middle Eastern company?

Maurinko [17]

The main mistake made by North American when trading with a middle Eastern companies are being Impatient.

Explanation:

Middle east countries include countries such as United Arab Emirate, Iran, Iraq, Turkey, Egypt etc.
North Americans are known to have a good trading relationship with many nations through out the world.
But the failed to maintain a healthy and good trading relationship with Middle eastern companies such as UAE etc.
On of the main reason why they failed is due to their impatience as arab people usually hesitate to take decisions regarding business right away and will demand some three or more business meetings before agreeing for trading, where on the other hand North americans didn't have such patience.

Hence their trading with North americans failed.

6 0

3 years ago

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

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