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3 years ago

The factor of production ___, and the factor of production _.

Business

1 answer:

solniwko [45]3 years ago

3 0

Answer:

b. Capital earns interest; entrepreneurship receives a profit or incurs a loss

Explanation:

There are four factors of production.

1. Land- its return is rent. rent refers to the regular payment made to the landlord by tenants for using the land or property.

2. Labor-its return are salaries, wages or and commissions. salaries or wages refers to the regular payments paid to laborers for the services they offer.

3.capital- its return is interest. interest is the amount of money paid to an individual who provides money or capital

4. Entrepreneurship which receives a profit or incurs a loss. profit refers to a financial gain earned by an individual who provide products or services. An individual may incur a financial loss in the process of providing such goods or services

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Jose received $550 for his birthday from his family. He wishes to buy a motorcycle and decides to use his birthday money towards

vladimir2022 [97]

Answer:

$619.75

Explanation:

This is a problem of future value with compounded interest.

The equation that describes the future value of an amount (P) deposited for a period of 'n' years at an annual rate (r) compounded quarterly is:

$FV = P*(1+\frac{r}{4})^{4n}$

For a $550 investment at 4% per year for 3 years, the future value is:

$FV = 550*(1+\frac{0.04}{4})^{4*3}\\FV=\$619.75$

In 3 years, Jose will have $619.75 available towards the down payment for his motorcycle.

8 0

3 years ago

The title company charges a fee to effect the closing on behalf of the buyer and seller. who bears the cost of this?

horrorfan [7]

To have a fundamental and legal basis, there should always be a purchase contract between the buyer and the seller. This contract contains the agreement and requirements for the purchase to proceed. So in this case, it is always agreed in the contract who pays the cost.

4 0

3 years ago

Arena, Inc. uses the direct method to prepare its statement merchandise inventory of cash flows. Use the following information r

Svet_ta [14]

Answer:

D. $184,400

Explanation:

Please see attachment

7 0

3 years ago

Robin needs $25,000 to start a business. In her search for the best (low cost) loan, she has gathered the following information

RUDIKE [14]

Answer:

Bank A

Explanation:

To recommend from which bank Robin should borrow from, we need to calculate the interest which is the cost of borrowing from each of the banks.

Note:

Interest amount = Total amount to repay - Loan amount .................. (1)

Equation (1) is used as follows:

Bank A:

Interest = ($9,000 × 3) - $25,000 = $27,000 - $25,000 = $2,000

Interest/loan rate = ($2,000 ÷ $25,000) × 100 = 8%

Bank B:

Interest = ($7,000 × 4) - $25,000 = $28,000 - $25,000 = $3,000

Interest/loan rate = ($3,000 ÷ $25,000) × 100 = 12%

Bank C:

Interest = ($6,000 × 5) - $25,000 = $30,000 - $25,000 = $5,000

Interest/loan rate = ($5,000 ÷ $25,000) × 100 = 20%

Recommendation

Robin should borrow from Bank A since it offers the lowest loan rate of 8%.

7 0

3 years ago

Labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw mater

ch4aika [34]

The costs that are clearly associated with specific units or batches of product is called: Direct labor.

<h3>What is direct labor?</h3>

Direct labor are wages and salaries paid to workers whose work can be traced directly to specific products or services. They are wages incurred in order to produce goods or provide services to customers.

Example of direct labor include:

Assemblers
Welders
Painters

Hence, labor costs that are clearly associated with specific units or batches of product because the labor is used to convert raw materials into finished products are called direct labor.

Learn more about direct labor here: brainly.com/question/26371102

4 0

3 years ago

The factor of production​ _________, and the factor of production​ _______.

The factor of production ___, and the factor of production _.