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3 years ago

What do economists mean when they use the word "land"?

Business

2 answers:

Alja [10]3 years ago

6 0

To refer to all natural resources used to produce goods and services.

Ede4ka [16]3 years ago

4 0

In economics, the resource that encompasses the natural resources used in production

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What was A contract between the government and a private producer.

Taya2010 [7]

Answer:

government contract

Explanation:

6 0

3 years ago

Benjamin, an Australian businessman, is assigned to represent his firm and manage a project in Japan. He has been learning about

Lorico [155]

Answer:

The answer is: A) cognitive and psychological dimensions of a global mind set

Explanation:

Global mindset can be defined as the ability to adjust to different cultural environments (e.g. traditions, norms, ways of doing business, etc.) and being able to deal with people from other backgrounds and styles.

In simple words, global mindset is the ability to think globally, the whole world is your home.

The main advantage of thinking globally is that you can develop better relationships and communications with different customers and world partners.

The best possible example is how the Coca Cola Company works.

8 0

3 years ago

On September 1, 2021, Triton Entertainment borrowed $24,000,000 cash to fund a new Fun Park. The loan was made by Nevada Bank. T

ryzh [129]

Answer:

September 1, 2021 Cash $24,000,000 Dr

Notes Payable $24,000,000 Cr

December 31, 2021 Interest Expense $960,000 Dr

Interest Payable $960,000 Cr

May 30, 2022 Interest Expense $1,200,000 Dr

Interest Payable $1,200,000 Cr

June 1, 2022 Notes Payable $24,000,000 Dr

Interest Payable $2,160,000 Dr

Cash $26,160,000 Cr

Explanation:

The issuance of note against cash results in a debit to cash and a credit to a liability in account for notes payable.

The adjusting entry will be made in accordance to accrual principle that matches the revenues and expenses relating to a certain period and record them in their respective period. The interest on note for 4 months from September to December belongs to 2021 and will be recorded as an expense and a payable on 31 december.

The interest expense for 4 months is = 24000000 * 0.12 * 4/12 = $960000

The interest for the remaining 5 months will be recorded on the last day of note on May 30.

The interest for 5 months is = 24000000 * 0.12 * 5/12 = $1200000

On June 1, the note and the interest payable on note both will be paid and will be debited to close them from the books and cash will be credited.

8 0

3 years ago

India has 3 GDP of 23,000 billion Indian rupees, and a population of 1.1 billion. Theexchange rate is 50 rupees per US. dollar.

vekshin1

Answer:

Indian rupee in US dollars = $418

Explanation:

given data

India GDP = 23,000 billion

exchange rate = 50 rupees per US

population = 1.1 billion

solution

we get here GDP per capita as

GDP per capita = India GDP ÷ population

GDP per capita = $\frac{23000}{1.1}$

GDP per capita = 20909 rupees

so here we Convert Indian rupee in US dollars that is with exchange rate

Indian rupee in US dollars = GDP per capita ÷ exchange rate

Indian rupee in US dollars = $\frac{20909}{50}$

Indian rupee in US dollars = $418

7 0

3 years ago

ave a cash refund of $750 to a customer because of a lost package. (The customer had previously paid in cash.) Sent a check for

Kaylis [27]

Explanation:

The Journal Entry is given below:-

1. Fees income Dr, $750

To cash $750

(Being fees income is recorded)

2. Utilities expense Dr, $1,050

To cash $1,050

(Being utilities expense is recorded)

3. Accounts receivable Dr, $7,800

To fee income $7,800

(Being services provided is recorded)

4. Equipment Dr, $4,600

To cash $4,600

(Being equipment purchase is recorded)

5. Accounts payable Dr, $3,500

To cash $3,500

(Being payment of is recorded)

6. Cash Dr, $15,250

To fee income $15,250

(Being cash receive is recorded)

7. Cash Dr, $6,250

To Accounts Receivable $6,250

(Being cash receive is recorded)

8. Cash Dr, $25,000

To capital $25,000

(Being additional investment is recorded)

9. Supplies Dr, $3,250

To accounts payable $3,250

(Being purchase of supplies is recorded)

10. Rent expense Dr, $3,750

To cash $3,750

(Being rent expenses is recorded)

8 0

3 years ago