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3 years ago

Some economies are able to maintain high growth rates despite diminishing returns to capital by using

Business

1 answer:

Anarel [89]3 years ago

6 0

Answer:

The answer is: A) better or enhanced technology, along with accumulating capital; these economies are growing because technology, unlike capital, is subject to increasing returns.

Explanation:

Capital ,as a factor of production, is limited by the "Law of Diminishing Marginal Returns ". This concept states that at certain point, using an additional factor of production will result in a smaller increase of the total output.

For example, if you have a machine in a factory and you increase the other factors of production (labor and materials), the output will be limited by the total possible output of the machine. Once it works 24 hours a day, seven days a week, and 52 weeks per year, it will reach the maximum output.

The only way you can bypass this law is by the introduction of new and better technologies, e.g. the only way to increase output in the factory is to get a bigger or better machine.

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The correct answer is D) 33.66

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3 years ago

Read 2 more answers

On June 30, 2024, L. N. Bean issued $30 million of its 8% bonds for $28 million. The bonds were priced to yield 10%. Interest is

77julia77 [94]

Answer:

$1,400,000

Explanation:

Calculation to determine how much bond interest expense should the company report for the 6 months ended December 31, 2024

December 31, 2024 Bond interest expense = Carrying value * Effective interest rate/2

Let plug in the formula

December 31, 2024 Bond interest expense= $28,000,000 * 10% / 2

December 31, 2024 Bond interest expense= $1,400,000

Therefore the amount of bond interest expense should the company should report for the 6 months ended December 31, 2024 is $1,400,000

3 0

3 years ago

Analyze the impact of business transactions on accounts) The following selected events were experienced by either Smith Eldercar

viva [34]

Answer:

Eldercare Services, Inc.

Analysis of the impact of business transactions on accounts:

Stating whether each event (1) increased, (2) decreased, or (3) had no effect on the total assets of the business:

a. Cash decreased by $400.

b. Cash decreased by $89,000 and Land increased by $89,000.

c. Cash increased by $69,000 and Land decreased by $69,000.

d. Cash increased by $15,400 and Accounts Receivable decreased by $15,400.

e. Equipment increased by $90,000.

f. Not a business transaction (no effect on the total assets of the business).

g. Cash decreased by $4,000.

h. Office Supplies increased by $1,200.

i. Cash increased by $62,000.

j. Cash increased by $12,000.

Explanation:

Eldercare Services, Inc.'s assets are impacted by the above transactions except transaction "f" which concerns the major stockholder, Tony Smith. The impact has to do with either an increase or a decrease in the total assets. The specific asset affected has been stated in each transaction with the corresponding amount involved.

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3 years ago

A company changes from the straight-line method to an accelerated method of calculating depreciation, which will be similar to t

oee [108]

Answer: c. credit to Accumulated Depreciation.

Explanation:

When using the accelerated method of depreciation, depreciation amounts are higher in the earlier years unlike the straight-line method where depreciation is constant throughout the life of the asset.

The difference between the depreciation according to Straight-line and depreciation will be sent to the accumulated depreciation account as a credit to reflect the change and the depreciation for the period.

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3 years ago

Assume the position of a consultant hired to assess the approach toward HR management taken by a client organization. What facto

SCORPION-xisa [38]

Answer and Explanation:

The factors which needs to be evaluated in determining whether an organization uses a traditional or strategic approach to managing its HR are the Responsibility for HR, Focus area, Role of HR, HR Initiatives, Time Horizon, Control, Job Design, Key Investments and Accountability

The specific questions that need to be answered are:

How are information and resources allocated and managed?

Is the HR strategy understood by all the employees?

Is the mission and strategy integrated with the organization's goals and objectives?

These questions should be asked to the upper management personnel who make strategic decisions in the company.

6 0

3 years ago