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barxatty [35]
2 years ago
11

Provide the economic term/concept for each of the following descripcions inte

Business
1 answer:
likoan [24]2 years ago
8 0

Answer:

Provide the economic term/concept for each of the following descripcions inte

only the term/concept next to the question number. No abbre hations will be accept

1.3.1 Compensation of employees, plus net operating surplus, plus consumption on feed

capital

1.32 This method is the value of final output produced by the three sectors of the economy

1.3.3 The method used to determine national income by totalling expenditure on final goods

and services.

1.3.4 The total income of the nation divided by the average income of the population

1.3.5 Wages, rent, interest and profit are exchanged for in the circular flow

1.3.6 A document showing anticipated revenue and estimated expenditure

1.3.7 This is paid to producers to reduce the costs of production and encourage the

production of goods and services.

1.3.8 They take the initiative to establish enterprises.

1.3.9 Relationship between the quantity of output and quantity of input

1.3.10 Rewards of the owners of capital

1.3.11 Free gifts of nature

1.3.12 A study that deals with the behaviour of individual consumers households or firms

1.3.13 When something is short in supply or not readily available

1.3.14 Deals with the behaviour and decision of the whole economy

13.15 Occurs when the capital stock grows at the same rate as the labour force

1.3.16 The amount that the worker receives each day, each week or at the end of a mant

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tangare [24]

Answer:

Variable cost per unit= $1.4 per unit

Explanation:

Giving the following information:

Miles Driven Total Cost Miles Driven Total Cost

January: 8,000 $14,120

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To calculate the variable cost under the high-low method, we need to use the following formula:

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (14,979 - 13,495) / (8,550 - 7,490)

Variable cost per unit= $1.4 per unit

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3 Balance sheet items for Nadew Travel Service were as follows at Dec. 31, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Acc
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Explanation:

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Which of the following are functions of a small firm? I. The provision of goods and services. II. The offering of personalised s
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Answer

i and ii

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ERP integrates different business functions, keeps track of customer information and could enhance future innovation process in an organization

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ERP are a integrated software solutions designed for managing of company's resources and integration of all business functions, like planning, sales and distribution, finance and human resources. Transactional benefits include: tracking customer payments, information and data. Innovational advantages are: streamlining operations-it can be used for streamlining of processes through different departments; consolidating multiple data sources; providing information in real time and supporting future innovations

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