All categories

3 years ago

What is an economic and non economic activity explain me in short and give one example each

Business

2 answers:

lord [1]3 years ago

6 0

Explanation:

Economic activities:Agriculture, fishing, mining and forestry.

Non-economic:Cultural and religious,family commitment and free time activities.

An economic activity is a process that, based on inputs, leads to the manufacture of a good or the provision of a service.

Non-economic activities refer to a human activity undertaken sheerly out of love, affection, sympathy or patriotism. ... It includes all those activities which are performed for the satisfaction of human sentiments that can be social, religious, cultural, personal, recreational, charity, patriotic.

Sonbull [250]3 years ago

4 0

Answer:Economic activities are those activities of man which are undertaken for earning money. Whereas non economic activities are those activities that are not undertaken for any monetary gain.

Explanation:

You might be interested in

1-a. Allocate the lump-sum purchase price to the separate assets purchased. 1-b. Prepare the journal entry to record the purchas

marin [14]

Answer:

1. a. Allocated prices

First add the market values = 444,150 + 255,150 + 56,700 + 189,000 = $945,0

Building allocated price Land allocated price

= 444,150/ 945,000 * 830,000 = 255,150/945,000 * 830,000

= $‭390,100‬ = $224,100

Land improvement allocated price Four vehicles allocate price

= 56,700/945,000 * 830,000 = 189,000/945,000 * 830,000

= $49,800 = $166,000

b. Journal entry

Date Account Details Debit Credit

Jan. 1, 2017 Building $390,100

Land $224,100

Land improvement $49,800

Vehicles $166,000

Cash $830,000

2. Depreciation on building using straight-line method.

= (390,100 - 28,000) / 15

= $‭24,140‬

3. Depreciation on land improvements using double declining method.

First do straight line:

= 49,800/ 5 years

= $9,960

Straight line rate of depreciation = 9,960/49,800 = 20%

Double declining will be twice that rate = 40%

Depreciation = 40% * 49,800

= $‭19,920‬

4 0

3 years ago

Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine

saul85 [17]

The selling price per hat is mathematically given as

S=$62

<h3>What is the selling price per hat?</h3>

Direct labor hours required to produce first 100 hats=10hr

Direct labour cost =20hr*60$/hour = $1200

Other Direct cost =100hats*19$/hat = $1900

Total Direct cost. = $3100

Selling price is 200% of Direct production cost

$3100*200% = $6200

The selling price per hat = $6200 / 100hats

The selling price per hat = $62

In conclusion, The selling price per hat = $62

Read more about selling price

brainly.com/question/28017453

#SPJ1

3 0

2 years ago

What is a major function of both retail and business banks?

dimaraw [331]

Answer:

A. Providing checking and savings accounts

Explanation:

"Bro had a stroke mid comment" LOL

4 0

3 years ago

Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi

PilotLPTM [1.2K]

Answer:

The required return is 7.92%

Explanation:

Required return is defined as the minimum return which the investor expects to accomplish through investing in the project.

The required return would be computed as:

Required return = Dividend paid each year / Selling price per share

where

Dividend paid each year is $6,40

Selling price per share amounts to 480.80 per share

Putting the values above:

Required return = $6.40 / $80.80

Required return = 7.92%

7 0

3 years ago

A practical approach that is frequently used by managers when setting a normal selling price is the ______

zhenek [66]

This combined process is called the market-related cost approach and is primarily used when valuing residential property The Valuation Process.

<h3>What is Valuation Process?</h3>

Analysts use valuation to determine the current or expected value of a stock, company, or asset. The goal of valuation is to appraise a security and compare its calculated worth to the current market price in order to identify promising investment possibilities.

The appraisal procedure starts when an appraiser finds the appraisal problem and finishes when they present their findings to you. Estimating market value is the most common appraisal assignment.

A valuation is used to assess the efficacy of your strategic decision-making process and to provide the opportunity to track performance in terms of expected change in value rather than just revenue.

To know more about Valuation Process follow the link:

brainly.com/question/15904086

#SPJ4

8 0

2 years ago

What is an economic and non economic activity explain me in short and give one example each​

What is an economic and non economic activity explain me in short and give one example each