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2 years ago

Factors of production examples

Business

2 answers:

dusya [7]2 years ago

8 0

$capital$ knowledge

land

labor

capital

entrepreneurship

Elodia [21]2 years ago

3 0

Land
The physical space and the natural resources in it (examples: water, timber, oil)

Labour

The people able to transform resources into goods or services available for purchase

Capital
A company's physical equipment and the money it uses to buy resources

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The manufacturing overhead budget at Polich Corporation is based on budgeted direct labor-hours. The direct labor budget indicat

Anastasy [175]

Answer:

Total overhead cash disbursement= $155,160

Explanation:

Giving the following information:

The direct labor budget indicates that 7,500 direct labor-hours will be required in February. The variable overhead rate is $8.40 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $110,250 per month, which includes depreciation of $18,090.

First, we need to calculate the allocated variable overhead:

Variable overhead= 7,500*8.4= 63,000

Depreciation is not a cash disbursement:

Fixed overhead= 110,250 - 18,090= 92,160

Total overhead cash disbursement= 63,000 + 92,160= $155,160

8 0

3 years ago

Trapp Company reported net income of $110,000 for 2019 and paid dividends of $60,000 on November 1, 2019. Grape Company owns 15%

MArishka [77]

Answer:

$9,000

Explanation:

Given that,

Trapp Company reported,

Net income for 2019 = $110,000

Dividends paid on November 1, 2019 = $60,000

Grape Company owns 15% of the common stock of Trapp.

Using a fair-value method,

Therefore,

Income earned by Grape company is as follows:

= 15% of the total amount of dividend paid

= 0.15 × $60,000

= $9,000

6 0

2 years ago

A competitive car wash currently hires 4 workers, who together can wash 80 cars per day. The market price of car washes is $5 pe

DENIUS [597]

Answer:

Number of car washed is 92

So option (a) is correct answer

Explanation:

It is given that 4 workers can wash 80 cars per day

Means initially 80 cars are washed per day

And it is given that rate of car wash is $5 per car

Now price of workers is $60 per day

As per car wash is $5

So number of extra car washed $=\frac{60}{5}=12$

So total number of car washed = 80 + 12 = 92 cars per day

So option (a) is correct answer

7 0

3 years ago

When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici

Inga [223]

Answer:

d. 0; unrelated.

Explanation:

Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.

A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.

In this question, the cross elasticity is zero because biro and pencil are not related.

3 0

2 years ago

The Pioneer Company has provided the following account balances: Cash $38,600; Short-term investments $4,600; Accounts receivabl

Artyom0805 [142]

Answer:

Total Current Assets $ 100,800

Explanation:

The current asset are those assets which are cash cash or the firm expect to convert in cash within a 12 month period (one-year)

Assets with a useful life or collection date longer than a year will be considered non-current thus, non included in current asset

Cash $ 38,600

Short-term investments $ 4,600

Accounts receivable $ 51,000

Supplies <u> $ 6,600 </u>

Total Current Assets $ 100,800

4 0

3 years ago

Factors of production examples ​

Factors of production examples