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inessss [21]
3 years ago
7

Need help with these.

Business
2 answers:
oee [108]3 years ago
7 0
1. Labor is an unlimited resource.
False
2. In economic terms, “land” refers only to physical plots of ground. False
3. While we talk about the stock market as if it were one big entity, the reality is that there are many stock markets around the world. True
<span>4. A share of ownership in a company is known as which of the following? <span>Bond.

Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
</span></span>
Vsevolod [243]3 years ago
3 0

<span>1. Labor is an unlimited resource. False <span>Labor is a limited resource because if people stop working or a machine stops producing then labor will run out. If labor stops, it is a limited resource. </span></span>

<span>2. In economic terms, “land” refers only to physical plots of ground. False <span>Within economics, land refers to land, labor and capital. All three components are necessary when referring to classical economics. Within modern economics, land refers to all products that come from nature, not just the physical plots of ground. </span></span>

<span>3. While we talk about the stock market as if it were one big entity, the reality is that there are many stock markets around the world. True <span>Different countries have their own stock market that is relevant to products they create. A stock market shows the aggregation of buyers and sellers of stocks in which they represent different businesses in the form of stocks or securities. </span></span>

<span>4. A share of ownership in a company is known as which of the following? Stock. <span>A stock is ownership stakes that individuals have within a company or cooperation. If the company is doing well, their stock holders will make money because they are shares of the company.</span></span>

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The Reynolds Corporation buys from its suppliers on terms of 2/19, net 50. Reynolds has not been utilizing the discounts offered
harina [27]

Answer:

23.68%

Explanation:

The computation of the cost of not taking a cash discount is shown below:-

Cost of not taking a cash discount = [Discount percentage ÷ (100% - Disc.%)] × (360 ÷ (Final due date - Discount period))

= (2% ÷ 98%) × (360 ÷ (50 - 19))

= 2.04% × 11.61

= 23.68%

Therefore for computing the cost of not taking a cash discount we simply applied the above formula.

4 0
3 years ago
HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Rainbow [258]

Answer:

True

Explanation:

The workplace refers to the place where an activity is carried out for the purpose of a monetary return. Each workplace is made up of different people, maintaining different dynamics. This way, every workplace is different. Even though it is standardized, the people who make up the place will give the workplace different dynamics, differentiating them.

8 0
3 years ago
Read 2 more answers
Eunice buys a worm farm. She plans to sell a small carton of worms to people who want to fish for $3. Her fixed costs are $1,201
Evgesh-ka [11]

Answer:

C. 534  units

Explanation:

The formula to compute the break-even point is shown below:

= (Fixed cost) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $3 - $0.75

= $2.25

So, the break-even point would be

= $1,201 ÷ $2.25 per unit

= 534 units

Simply we divide the fixed cost by the contribution margin per unit so that the accurate units can come.

3 0
3 years ago
A client has asked for your help to set up a recurring transaction. She wants to create a recurring sales receipt. This is the p
blagie [28]

Answer:

The correct answer is letter "C": Select the type of transaction she wants to make recur.

Explanation:

QuickBooks is an online accounting tool useful for companies to have their record-keeping transactions in the cloud. QuickBooks allows access to financial information using mobile devices and provides different features among the most important having automated transactions.

To create a new automated transaction, the user must follow these steps:  Choose the Gear icon > Recurring Transactions > New > Transaction Type. Among the transaction types available we can identify billing, deposits, transfers, and purchase orders.

8 0
3 years ago
Cullumber Company incurred the following costs while manufacturing its product.
kati45 [8]

Answer:

$328,400

Explanation:

Cost of Goods Manufactured is calculated in Manufacturing Account as follows :

<em>Cost of Goods Manufactured = Beginning Work In Process Inventory + Total Manufacturing Costs - Ending Work In Process Inventory</em>

therefore,

Cost of Goods Manufactured = $13,000 + ($121,000 + $61,000 + $15,000 + $111,000 + $24,000) - $16,600

                                                 = $328,400

5 0
2 years ago
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