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3 years ago

Which process turn economic resources into goods and services ? Distribution. Marketing. Promotion. Production

Business

1 answer:

garik1379 [7]3 years ago

7 0

The correct answer is production.

Production is the process of taking raw materials and turning them into goods and services.

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Which term refers to the fluctuations of growth and decline in an economy?

slava [35]

The fluctuation of growth and decline in an economy is called BUSINESS CYCLE OR ECONOMY CYCLE.
The fluctuations in business cycle usually involves shift between period of relatively rapid economic growth and period of relative stagnation or decline. Business cycle is measured by considering the growth rate of real gross domestic product of the nation concerned.

5 0

3 years ago

The main source of revenue for local governments is _____.

AleksandrR [38]

Answer:

the main sources of revenue for local government is property taxes

3 0

3 years ago

The difference between the minimum price at which a producer is willing and able to sell a unit of a good or service and the pri

kap26 [50]

Answer:

Seller Surplus

Explanation:

In business terms, there is a difference in the expected value what a seller expects to receive from the products it sells and from the amount it actually earns.

The cost of the product not only involves the monetary cost but it also involves the cost in terms of efforts involved to produce an article.

When a seller puts a product in the market, then he tries to have it a market value more than its cost. When such market value is realised then the difference in cost and market value is surplus for the supplier or producer.

But in cases where the consumer is efficient enough to bargain such product and only pays an amount which is less than the cost, then there arises seller deficit, which is represented as a negative seller surplus.

4 0

3 years ago

On June 15th, Buehler Company sells merchandise on account to Chaz Co. for $1,000, terms 2/10, n/30. On June 20th, Chaz Co. retu

mestny [16]

Answer:

$ 686

Explanation:

Given:

Amount paid = $ 1000

Discount offered = 2/10 = 2%

Value of returned merchandise = $ 300

Cash received = $ 1000 - $ 300 = $ 700

now 2 % deduction for the return within the given return period

thus,

net cash received = $ 700 - ( 2% of $ 700 )

net cash received = $ 700 - $ 14

hence,

net cash received = $ 686

6 0

3 years ago

Wyckam Manufacturing Inc. has provided the following information concerning its manufacturing costs:

kicyunya [14]

Answer:

Total Manufacturing Costs is $95,680

Explanation:

Wyckam Manufacturing Inc.

Planning Budget for Manufacturing costs

For the month Ended June 30

Direct Materials (4,200 hours *$5.40) $22,680

Direct Labor Fixed $42,400

Supplies (4,200 hours * $0.25 ) $1,050

Utilities ($1,700+ 4,200 Hours * $0.25) $2,750

Depreciation Fixed $15,200

Insurance Fixed $11,600

Total Manufacturing Costs $95,680

7 0

3 years ago