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3 years ago

9. An expenditures incurred on factors of production

Business

1 answer:

zimovet [89]3 years ago

7 0

Answer:

A) cost

Explanation:

In economics, the cost of production is defined as the expenditures incurred to obtain the factors of production.

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The Tom Smith Corporation has the following items: Cash, $5,000; Machinery, $50,000; Building, $150,000; Note payable bank, $10,

olga_2 [115]

Answer:

$245,000

Explanation:

Total assets for Tom Smith Corporation can be calculated as follows:

Cash $5,000

Machinery, $50,000

Depreciation Machinery ($25,000)

Building $150,000

Depreciation Building, ($35,000)

Savings $10,000

Accounts receivable, $30,000

Inventory $10,000

Land $50,000

Total Assets $245,000

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3 years ago

Sprint allocates general plant management costs on the basis of the number of production employees and plant security costs on t

Westkost [7]

Answer:

General Plant Management Costs

Cost is $100,000

These costs are allocated on the basis of number of production employees.

Melting Department employs 35 workers and Molding employs 40 for a total of 75.

Melting Department = $\frac{35}{75} * 100,000$

Melting Department = $46,666,67

Molding Department = $\frac{40}{75} * 100,000$

Molding Department = $53,333.33

Plant Security Costs

Cost is $50,000

These costs are allocated on the basis of space occupied by the production departments.

Melting Department occupies 10,000ft² and Molding occupies 20,000 ft² for a total of 30,000 ft²

Melting Department = $\frac{10,000}{30,000} * 50,000$

Melting Department = $16,666,67

Molding Department = $\frac{20,000}{30,000} * 50,000$

Molding Department = $33,333.33

2. Melting Department

= 110.000 + 46,666.67 + 16,666.67

= $173,333.34

Molding Department

= 400,000 + 53,333.33 + 33,333.33

= $486,666.66

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3 years ago

The international equilibrium price (or world price) and quantity for a traded item is determined by:

yKpoI14uk [10]

Answer: The intersection of the export supply schedule and the import schedule

Explanation:

An equilibrium price is the price that is derived at the point where the supply of goods and demand of goods matches.

It should be noted that the international equilibrium price (or world price) and quantity for a traded item is determined by intersection of the export supply schedule and the import schedule. At the point they intersect, the price will be gotten. Than, the market can be said to be in a state of equilibrium.

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3 years ago

A company's marketing environment excludes the forces outside the marketing department that affect marketing management's abilit

vampirchik [111]

I think the most appropriate answer would be B. Because without the (marketing department) forces, the business will most likely not able to maintain successful relationships. (Extra tip: The business should never stop it's marketing process, as this is one of the factors of achieving a successful business).

I hope it helped you!

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3 years ago

Consumption consists of spending by households on goods and services, with the exception of

kati45 [8]

Consumption consists of spending by households on goods and services, with the exception of purchases of new housing

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3 years ago