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3 years ago

What collective name do we refer to: natural resources, labor, capital, education or know-how?

Business

1 answer:

pshichka [43]3 years ago

3 0

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.

Land 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.

Labor is the human input in production. It involves workers' knowledge, skills, strength, and time spent on the production process.

Capital 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.

Know-how refers to entrepreneurship. It is the skills, willingness, and ability to put together and manage the other factors to produce goods.

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Many state governments claim a shortage of funds because there are unmet needs. this claim is

adelina 88 [10]

It is false that many state governments claim a shortage of funds because there are unmet needs. It is false because of scarcity. Scarcity is a result from unlimited wants coupled with limited resources.

5 0

3 years ago

Find the accumulated value of $2,480 at the end of twelve years if the nominal interest rate was 2% convertible monthly for the

dusya [7]

In order to properly tackle this problem, we must understand the relationship between the nominal annual rate and real (effective) annual rate.

To do this:
-First you take the nominal rate, divide by the number of times it's compounded (converted) per year.
-Then, add one to that number, and raise that number to the power of how many times you compound per year.

Here is the method in practice:
First 3 Years:
Nominal rate= 2% ÷ 12 times/yr = 0.001667
Effective rate = 1.001667 ^12 = 1.020184

Next 2 Years (Discounting)
3% ÷ 2/yr = .015
1.015 ^ 2 = 1.061364

Next 4 years (Interest)
.042 ÷ .5 (once every 2 years) = .084
1.084 ^ (1/2) = 1.041153

The last 3 years are already expressed as an effective rate, so we don't need to convert them. The annual rate is:
1.058

I kept the 1 in the numbers (1.058 instead of 5.8% for example) so that it's easier to find the final number

Take every relevant number and raise it to the power of the number of years it's compounded for. For discounting, raise it to a negative power.
First 3 years: 1.020184 ^ 3 = 1.061784
Next 2 years: 1.030225 ^ -2 = .942184
Next 4 years: 1.041163 ^ 4 = 1.175056
Last 3 years: 1.058 ^ -3 = .84439

Multiply these numbers (include all decimals when you do this calculation)
1.062 * .942 * 1.175 * .844 = .992598

This is our final multiplier to find the effect on our principal:
.992598 * 2,480 = 2461.64

Answer is 2461.64

6 0

4 years ago

Which category of cost includes insurance and utilities

Nata [24]

Answer:

Administrative Cost

Explanation:

Administrative cost refers to the cost used in directing and controlling a firm, corporation or organisation. These cost includes salary and wages of employee, insurance, depreciation, postage, stationery, rent, etc.

It is sometimes refers to as general cost. It is used in the day to day running of the business, but not directly attributable to any production process. These cost can not be categorized as either financing or distribution cost. Hence, it falls under administrative cost.

8 0

3 years ago

What is depreciation? A cost allocation method. A valuation approach. An adjustment to market value over time. A cash accumulati

Tema [17]

Answer:

A cost allocation method

Explanation:

Depreciation is expensing the cost of acquiring a machinery over its useful life.

5 0

3 years ago

Sam invested $16,000 in two different stocks. The first stock showed a gain of 12% annual interest while the second stock suffer

Tamiku [17]

Answer:

Amount invested in 12% annual interest stock = $12,000

Amount invested in stock incurring 5% loss = $16,000 - $12,000

= $4,000

Explanation:

Data provided in the question:

Total amount invested = $16,000

Let the amount invested in 12% annual interest stock be 'x'

Thus,

The amount invested in 5% loss will be = $16,000 - x

Total annual income = $1,240

Now,

Total annual income = 12% of x + [ -5% of ($16,000 - x)]

[negative sign depicts the loss]

thus,

$1,240 = 0.12x - 0.05($16,000 - x)

$1,240 = 0.12x - 800 + 0.05x

1240 + 800 = 0.17x

2040 = 0.17x

x = $12,000

Therefore,

Amount invested in 12% annual interest stock = $12,000

Amount invested in stock incurring 5% loss = $16,000 - $12,000

= $4,000

8 0

3 years ago