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4 years ago

As a factor of production, how is capital created

Business

2 answers:

Anarel [89]4 years ago

5 0

Answer:

The correct answer would be, By adding Human labor to the Land.

Explanation:

There are many different types of capital that a business or company possesses. The capital can be in the form of Money, Assets, human, stocks, etc. Different forms of capital are used in different areas or for different purposes. For example, money capital can be used in starting a new business unit. Similarly, in the production factor, labor will be used as a capital to work on the production facility. So as in the given question, the capital created for the production will be the Human Labor.

Naya [18.7K]4 years ago

3 0

Answer:

though borrowing loans

Explanation:

one can borrow a loan from the bank and start a business

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See attachment for the component bar chart and the multiple bar chart

<h3>How to draw the bar charts?</h3>

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The component bar chart

Here the bars of each year are stacked upon one other for each year

i.e. the bar chart will look as follows

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The multiple bar chart

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i.e. the bar chart will look as follows

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2 years ago

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3 years ago

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The journal entries are shown below:

1. Cash $19,980

To Common Stock $19,980

(Being the invested amount is recorded)

2. No journal entry is required

3. Rent Expense $999

To Cash $999

(Being the rent expense is recorded)

4. Supplies $1,443

To Accounts Payable $1,443

(being supplies purchased on account is recorded)

5. Accounts Receivable $2,109

To Service Revenues $2,109

(Being service provided is recorded)

6. Cash $777

To Unearned Revenues $777

(Being cash is recorded)

7. Cash $3,108

To Service Revenues $3,108

(Being cash is recorded)

8. Salary & Wages Expense $1,664

To Cash $1,664

(Being cash paid is recordeD)

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3 years ago

Purchases Budget in Units and Dollars Budgeted sales of The Music Shop for the first six months of 2014 are as follows: Month Un

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Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

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February 160,000

March 200,000

April 215,000

May 180,000

June 240,000

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The budgeted inventory at the end of a month is 40 percent of units to be sold the following month.

The purchase price per unit is $5.

To calculate the production required for each month, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

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Beginning inventory= (30,000)

Total= 164,000

Total cost= 164,000*5= $820,000

February:

Sales= 130,000

Desired ending inventory= (200,000*0.4)= 80,000

Beginning inventory= (64,000)

Total= 146,000

Total cost= 146,000*5= $730,000

March:

Sales= 200,000

Desired ending inventory= (215,000*0.4)= 86,000

Beginning inventory= (80,000)

Total= 206,000

Total cost= 206,000*5= $1,030,000

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Beginning inventory= (86,000)

Total= 201,000

Total cost= 201,000*5= $1,005,000

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Beginning inventory= (72,000)

Total= 204,000

Total cost= 204,000*5= $1,020,000

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4 years ago