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Art [367]
2 years ago
6

The role of the entrepreneur in society is to bring the factors of production together and take the risks of producing output. r

egulate what products are considered safe to market. control the land upon which all pro
Business
1 answer:
tatuchka [14]2 years ago
3 0

Answer:

bring the factors of production together and take the risks of producing output.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is the intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.

In conclusion, when the aforementioned factors of production are combined effectively and efficiently, they can be used for the manufacturing or production of goods and services to meet the unending requirements or needs of the consumers.

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Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.
Firdavs [7]

Answer:

$2.00

Explanation:

Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

E= 1.30*\$630,000\\E=\$819,000

The total number of shares in 2010 was:

n=370,000+39,000\\n=409,000

Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

E_S=\frac{\$819,000}{409,000}\\E_S=\$2.00

Earnings per share for the year 2010 were $2.00.

3 0
3 years ago
Currently, the spot exchange rate is $0.85/A$ and the one-year forward exchange rate is $0.81/A$. One-year interest is 3.5% in t
yarga [219]

Answer:

B) $42,035

Explanation:

Calculation to determine How much can you realize certain profit in U.S. dollar terms

First step is to calculate the repayment liability after one year

Repayment liability = (A$1,176,471 × 1.042)

Repayment liability = A$1,225,882.78

Second step is to determine the investment yield

Investment yield = $1,000,000 ×(1+.035)

Investment yield = $1,000,000 × 1.035

Investment yield= $1,035,000

Third step is to convert the investment yield into A$ at the forward rate of the amount of $0.81

A $ to yield = $1,035,000 ÷ 0.81

A $ to yield= A$1,277,778.22

Now let determine How much can you realize certain profit in U.S. dollar terms

Arbitrage Profit=(A$1,277,778.22-$1,225,882.78)×0.81

Arbitrage Profit= A $51,895.44 × 0.81

Arbitrage Profit = $42,035

Therefore How much can you realize certain profit in U.S. dollar terms will be $42,035

3 0
2 years ago
Question 6. (10 marks)
natka813 [3]

brainly.com/question/12501354?answering=true&answeringSource=greatJob%2FquestionPagehttps://brainly.com/question/12501354?answering=true&answeringSource=greatJob%2FquestionPagehttps://brainly.com/question/12501354?answering=true&answeringSource=greatJob%2FquestionPagehttps://brainly.com/question/12501354?answering=true&answeringSource=greatJob%2FquestionPagehttps://brainly.com/question/12501354?answering=true&answeringSource=greatJob%2FquestionPage

8 0
3 years ago
A company purchased factory equipment on April 1, 2021 for $175000. It is estimated that the equipment will have a $25000 salvag
bija089 [108]

Answer:

b. $11250

Explanation:

Capitalized Cost of Equipment = $175,000

Life of Assets = 10 years

Residual value = $25,000

Depreciable value = Cost - Salvage value

Depreciable value = $175,000 - $25,000

Depreciable value = $150,000

Depreciation per year = Depreciable value / Life of assets

Depreciation per year = $150,000/10 years

Depreciation per year = $15,000

Depreciation from April to December 2021 = $15,000*9/12

Depreciation from April to December 2021 = $11,250

3 0
2 years ago
Murphy's, Inc., has 85,000 shares of stock outstanding with a par value of $1 per share. The market value is $12 per share. The
nexus9112 [7]

Answer:

The correct answer is $177,955.

Explanation:

According to the scenario, the computation of the given data are as follows:

Capital in excess of par account = $74,500

Common stock = $85,000

Retained earning = $141,500

So, we can calculate the balance in the capital in excess of par account be after the dividend by using following formula:

Capital after Dividend = Balance sheet amount of Capital + ( Issued additional share × Capital in excess of par per share )

Where,

Issued additional share = 11% × $85,500 = 9,405

And Capital in excess of par per share = $12 - $1 = $11

By putting the value, we get

Capital after dividend = $74,500 + ( 9,405 × $11)

= $74,500 + $103,455

= $177,955

8 0
3 years ago
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