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3 years ago

Deserbe 4 characteristics of economic resource

Business

2 answers:

densk [106]3 years ago

4 0

Answer

scarce/limited in supply. Have money value. Have utility. Are unevenly distributed

Explanation:

one cannot have all economic resources they may want.

you can attach monetary value on them.

are useful and can satisfy a want.

some areas /country have more than others.

satela [25.4K]3 years ago

3 0

the four economic resources are labor, and ,and capital and entrepreneurship these resources are also called the factors of production. labor refers to the workers involved in production.

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Contribution Income Statement and Cost-Volume-Profit Graph Picnic Time produces a picnic basket that is sold for $100 per unit.

Ira Lisetskai [31]

Answer:

Graph Picnic Time

Contribution Income Statement

For the Month of July

Sales $400,000

Less variable costs:

Direct materials $100,000

Direct labor 60,000

Manufacturing overhead 20,000

Selling and administrative 16,000

Total variable costs $196,000

Contribution margin $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs $104,000

Profit $100,000

Explanation:

a) Data and Calculations:

Selling price per picnic basket = $100

July Production and sales = 4,000 baskets

Variable Costs per Unit:

Manufacturing:

Direct materials $25

Direct labor 15

Manufacturing overhead 5

Total $45

Selling and administrative 4

Total $49

Fixed Costs per Month

Manufacturing overhead $36,000

Selling and administrative 68,000

Total $104,000

Contribution Income Statement

For the Month of July

Sales $400,000 ($100 * 4,000)

Less variable costs:

Direct materials $100,000 ($24 * 4,000)

Direct labor 60,000 ($15 * 4,000)

Manufacturing overhead 20,000 ($5 * 4,000)

Selling and administrative 16,000($4 * 4,000)

Total variable costs $196,000

Contribution margin $204,000

Less fixed cost:

Manufacturing overhead $36,000

Selling and administrative 68,000

Total fixed costs $104,000

Profit $100,000

8 0

3 years ago

Jeremy Westbrook owns an organic food company which has increased both its profits and revenues over an extended period of time.

valina [46]

People grow in different ways in their business. Jeremy's firm is experiencing Sustained growth.

Sustained growth often takes place when a state controls all monetary creation, set up a market-based exchange rate, and handles property rights.

For when a person experienced sustained growth for only a short timeframe, the increase in wealth inequality is likely to be greatest for the fast-growing economies.

The food company has increased steadily in its revenue without additional financial aid, and its growth is sustained.

Learn more from

brainly.com/question/24556402

3 0

3 years ago

During 2018, Doug incurs the following deductible expenses:

Alexus [3.1K]

The amount of Doug's taxable income is $27,700.

Explanation:

GIVEN:

AGI = $35,000

State income taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income taxes+Local property taxes+Charitable contribution

= 2300+3000+2000

= $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

= $27,700

The amount of Doug's taxable income is $27,700.

3 0

3 years ago

Which of the following statements is CORRECT?a. Two firms with the same expected free cash flows and growth rates must also have

brilliants [131]

Answer:

.b. It is appropriate to use the constant growth model to estimate a stock's value even if its growth rate is never expected to become constant

TRUE The multi-stage valuation considers different grow rates for the subsequent years

Explanation:

a. Two firms with the same expected free cash flows and growth rates must also have the same value of operations

FALSE as their cost of capital can differ.

c. If a company has a weighted average cost of capital WACC = 12%, and if its free cash flows are expected to grow at a constant rate of 5%, this implies that the stock's dividend yield is also 5%.

FALSE dividend yield is a relationship between price and dividend it doesn't considers the growth of the company, just current values.

d. The value of operations is the present value of all expected future free cash flows, discounted at the free cash flow growth rate

FALSE They are discounted at the difference between return and grow rate

e. The constant growth model takes into consideration the capital gains investors expect to earn on a stock.

FALSE It considers the capital gains as speculations

8 0

3 years ago

At the beginning of the year, Saratoga Dress Co. had an inventory of $300,000. During the year, the company purchased merchandis

svet-max [94.6K]

Answer:

The cost of goods sold and the ending inventory, respectively, were: $660,000 and $490,000

Explanation:

Saratoga Dress Co. had gross profit rate of 45%

Gross profit rate = (Gross Profit/ Sales)x 100%

Gross Profit = (Gross profit rate x Sales)/100% = (45% x $1,200,000)/100% = $540,000

Cost of Goods Sold = Sales - Gross Profit = $1,200,000 - $540,000 = $660,000

The ending inventory = the beginning inventory + purchasing merchandise - Cost of Goods Sold = $300,000 + $850,000 - $660,000 = $490,000

3 0

4 years ago

Deserbe 4 characteristics of economic resource​

Deserbe 4 characteristics of economic resource