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3 years ago

.1.3. Briefly explain the Economic term land

Business

2 answers:

igomit [66]3 years ago

8 0

Answer:

In economics, the resource that encompasses the natural resources used in production. ... Land was considered to be the “original and inexhaustible gift of nature.” In modern economics, it is broadly defined to include all that nature provides, including minerals, forest products, and water and land resources.

Travka [436]3 years ago

7 0

Answer:

land is a free gift of nature and the foundation of production

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Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter authorized the following: Com

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Answer:

Explanation:

The preparation of the stockholders' equity section of the balance sheet is shown below:

Common stock, $10 par value,

103,000 shares authorized and 20,000

shares of common stock issued $200,000 (20,000 × $10)

Paid in capital in excess of par value $120,000 {20,000 shares × ($16 - $10)}

Preferred stock, 3000 shares issued at par $24,000 (3,000 shares × $8)

Paid in capital in excess of par value $36,000 {3,000 shares × ($20 - $8)}

Retained earnings $60,000

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3 years ago

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Insetto Biological Manufacturing produces a pesticide chemical and uses process costing. There are three processing departmentsl

vichka [17]

Answer:

Units completed= 38,400

Units in process= 5,600

Explanation:

Giving the following information:

Beginning inventory= 0

During January:

44,000 units started

30,000 completed

14,000 remained in the process

The ending inventory in the Mixing Department was 60% complete concerning conversion costs.

<u>To calculate the equivalent units under the weighted average method, we need to use the following structure:</u>

Weighted average:

Beginning inventory= 0

Units completed in the period= 30,000

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Units completed= 38,400

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3 years ago

Swagelok Enterprises is a manufacturer of miniature fittings and valves. Over a 5-year period, the costs associated with one pro

Mars2501 [29]

Answer:

The rate of return did the company make on this product is 61.93%

Explanation:

initial cost = 20000

Annual benefit = 29000

Annual cost = 16000

Salvage value = 10000

t = 5yrs

Let rate of return is I, then at rate of return NPV=0

Present value = -20000 + (29000 - 16000)*(P/A, i, 5) + 10000 (P/F, i, 5)

-20000 + 13000*(P/A, i, 5) + 10000 (P/F, i, 5) = 0

13*(P/A, i, 5) + 10* (P/F, i, 5) = 20

We need to use trail and error method to find rate of return

At = 10%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 55.49

At = 15%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 48.55

At = 25%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 38.24

At = 35%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 31.09

At = 45%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 25.94

At = 55%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 22.11

At = 60%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 20.55

At = 62%, value of expression 13*(P/A, i, 5) + 10* (P/F, i, 5) is 19.98

using interpolation

rate of return = 0.6 + (20.55-20)/(20.55-19.98) * (0.62-0.6)

= 0.6+0.019298

= 0.6193

= 61.93%

Therefore, The rate of return did the company make on this product is 61.93%

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3 years ago

American Products is concerned about managing cash efficiently. On average, inventories have an age of 80 days, and accounts rec

Llana [10]

B. Calculate the firms

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4 years ago

.1.3. Briefly explain the Economic term land​

.1.3. Briefly explain the Economic term land