Answer:
Factors of production
Explanation:
The general name is factors of production. They are also the 'inputs' in the production process.
The factors of production are combined or put together for the productions of goods and services to happen. The four factors include land, which represents the natural resources in this case.
<u>Land</u> refers to the space used to set up a business, and fertile lands used for agriculture, minerals, oil and gas, forest, and other natural resources.
<u>Labor </u>is the human input in production. It involves workers' knowledge, skills, strength, and time spent on the production process.
<u>Capital </u>is the money and assets used to start and maintain the business operation. It includes plant and machinery, equipment, building, factories used in making products for sale.
<u>Know-how </u>refers to entrepreneurship. It is the skills, willingness, and ability to put together and manage the other factors to produce goods.
Answer:
Optoin A Liability, Credit balance
Explanation:
The reason is that the payables which are the obligation of the organization are liabilities and company liabilities are always credit in nature.
This can also be explained from the following formula:
Assets = Equity + Liabilities
As we know that equity is equal to:
Equity = (Op. Equity + Revenue - Expenses - Dividends)
And
Liabilities = (Current Liabilities + Long term liabilities)
By putting values we have:
Assets = (Op. Equity + Revenue - Expenses - Dividends) + (Current Liabilities + Long term liabilities)
Assets + Expenses + Dividends = Op. Equity + Revenue + (Current Liabilities + Long term liabilities)
So the amount that is in the left side of the equation is debit and the amount on the right side of the equation is credit in nature. Remeber that credit and debit are equal in amount which is the reason why this equation holds true.
Answer:
B. Firm B: "Get fresh, hot pizza, delivered under 20 minutes-or it's free.
Explanation:
To attain a competitive advantage over the market, the company should make marketing strategies so that it could maximize its sales through which it can achieve its profit targets.
The customers could be attractive with the quality of products and services the company offers
In the given scenario, the customer wants the fresh plus hot pizza at the minimum time so that the customer can be fully satisfied with the amount he/she spent
So, the appropriate option is B.
Explanation:
Retirement advice to college graduate:
1. Create a Long-Term Plan.
2. Diversify Your Investments.
3.Automate Your Savings.
4.Enjoy Your Money Later.
To 40-year-old employee who never opened a retirement account for herself until now.
1. Get rid of debt and reach your savings maximums
2. Save independently with IRAs
3. Maintain the right investment mix and reduce risk
4. Keep all your assets in view
5.Make tough decisions about education expenses
Answer:
option (D) $4,522,000
Explanation:
Data provided in the question:
Number of units sold = 34,000
Price per unit = $290
Total variable cost per unit = $171
Variable production cost = $157
Variable selling and administrative cost = $8
Now,
Manufacturing margin per unit = Selling price - Variable production cost
= $290 - $157
= $133
Therefore,
Total manufacturing margin
= Manufacturing margin per unit × Number of units sold
= $133 × 34,000
= $4,522,000
Hence,
The answer is option (D) $4,522,000
