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3 years ago

What are factors of production?

Business

2 answers:

shepuryov [24]3 years ago

4 0

Answer:

Factors of production are, land, labor, capital and entrepreneurship.

Explanation:

Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit.

Hope I helped :)

skad [1K]3 years ago

3 0

_________________________________

Hey!!!

The factors of production are as follows:

Land
Labour
Capital
Enterprise

Hope it helps...

Good luck on your assignment..

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Sheffield Company reports the following operating results for the month of August: sales $315,000 (units 5,000); variable costs

frosja888 [35]

Answer:

1. the net income if selling price increased by 10% would be = $59,700

Net income increased by $31,500.

Explanation:

Given,

Sales = $315,000

Variable costs = $216,000

Fixed costs = $70,800

No. of units = 5,000

Sheffield Company

Income Statement (Contribution Margin Format)

Particulars $

Sales 315,000

Less: Variable expenses (216,000)

Contribution Margin 99,000

Less: Fixed costs (70,800)

Net Income 28,200

Since the selling price increased by 10% and no change in variable costs and volume, therefore, we can get -

Sales = $315,000 x (1 + 0.10) = $346,500

In this case, the net income will be as follows:

Sales = $346,500

Less: Variable Costs = (216,000)

Contribution Margin = 130,500

Less: Fixed Costs = (70,800)

Net Income = 59,700

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3 years ago

Efficiently scheduling material and labor is an example of ________________ decisions

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A) strategic
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D) short-term
E) none of the above

its b tactical

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3 years ago

For long-term contracts, the cost recovery method under IFRS requires recognizing equal amounts of revenue and cost until all co

Sav [38]

Answer:

The answer is letter A. TRUE

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m_a_m_a [10]

Answer:

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