Answer:
Annual economic profit = $113,000
Explanation:
Given:
Expenses on Real Estate = $150,000
Building rent = $17,000
Average spending on Ingredients = $20,000
Total anticipated revenue = $300,000
Computation of annual economic profit:
Annual economic profit = Total anticipated revenue - Expenses on Real Estate - Building rent - Average spending on Ingredients
Annual economic profit = $300,000 - $150,000 - $17,000 - $20,000
Annual economic profit = $113,000
Aggregate demand is the sum of five different sectors of economy namely consumption of consumer spending, investment, government spending, imports, and exports. For an increase of imports of foreign automobiles, the determinant that causes the change is the consumption or consumer spending.
Answer:
$1,464,000
Explanation:
The computation of the depletion expense is shown below:
Purchase price plus additional cost = $5,640,000
Extracted tons during four year period = 940,000 tons
Current year tons extracted = 244,000 tons
So,
Depletion expense = Purchase price plus additional cost ÷ extracted tons during four year period × current year tons extracted
= $5,640,000 ÷ 940,000 tons × 244,000 tons
= $1,464,000
Answer:
False
Explanation:
alanced Scorecard is a set of financial and non-financial measures relating to a company's critical success factors. It is an approach which provides information to management to assist in strategy implementation. An ideal balanced scorecard combines financial measures of past performance with measures of the firm's drivers of future performance.
Answer:
D. HUMAN CAPITAL
Explanation:
Factors of Production are the resources/ inputs used to produce final finished goods output.
There are 4 factors of production:
- Land - is paid 'rent' as factor income
- Labour - is paid 'wages' as factor income
- Capital (Money) - is paid 'return on investment' i.e 'interest' as factor income
- Entrepreneur (Entrepreneurship) - is paid reward as 'profit'.
Labour & Human Capital seeming to be synonyms are different :- 'Human Capital' is the stock of knowledge & skills embodied in 'labour', enabling them to perform tasks of economic value. Firms invest in human capital i.e knowledge/skill enhancement of factor of production 'labour'.
So, Labour and <u>not</u> HUMAN CAPITAL is a factor of production.