Explanation:
the characteristics are as follows:-
1. Natural resources are useful, profitable and beneficial .
2. Natural resources have limited availability.
3. They are potential for depletion or consumption.
4. Natural resources are non-renewable sources in nature.
Answer:
$1.81
Explanation:
we must use a combination of non-constant growth formula and the Gordon growth model to determine the price for the stocks in year 0 and year 1:
stock price year 0 = ($2.40 / 1.15) + ($2.88 / 1.15²) + ($3.456 / 1.15³) +[$4.1472 / (15% - 4%)] / 1.15⁴ = $2.09 + $2.18 + $2.27 + $21.55 = $28.09
stock price year 1 = ($2.88 / 1.15) + ($3.456 / 1.15²) +[$4.1472 / (15% - 4%)] / 1.15³ = $2.50 + $2.61 + $24.79 = $29.90
capital gain between year 0 and year 1 = P1 - P0 = $29.90 - $28.09 = $1.81
*All answers have been rounded to the nearest cent.
Independently owned firms that take title to the merchandise they handle, are classified as either full-service or limited-service, and go by names like industrial distributors are known as merchant wholesalers.
<h3>What are merchant wholesalers?</h3>
Merchant wholesalers are described as independent businesses that sell goods after purchasing them from the manufacturers. It is important to mention that the merchant wholesalers are the one that purchases goods and sells them to other third parties. Merchant wholesalers form an important part of indirect sales.
The merchant wholesalers are the ones that purchase the goods, store them, and handle them physically in bulk quantities. The merchant wholesalers sell the goods to the other retailers, but only in small quantities.
It can be concluded that independently owned firms that take title to the merchandise they handle, are classified as either full-service or limited-service, and go by names like industrial distributors are known as merchant wholesalers.
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Answer:
market economy
Explanation:
A market economy refers to the system in which supply and demand regulations direct commodity and service development. Supply involves natural, capital and labor. Demand involves customer, corporation, and government procurement.
In other terms, a market economy refers to the economic system in which innovation, manufacture and distribution choices are driven by the market mechanisms generated by market forces powers. The main feature of a market economy is really the presence of variable markets which play a leading role in allocating capital and output factors.
Answer:
c. $70,500
Explanation:
The computation of the total work in process account is shown below:
For Job 400
= Beginning balance + direct material + direct labor cost + overhead cost
= $23,000 + $6,000 + $4,000 + $2,000
= $35,000
The overhead = $4,000 × 50% = $2,000
For Job 402
= Beginning balance + direct material + direct labor cost + overhead cost
= $6,000 + $10,000 + $13,000 + $6,500
= $35,500
The overhead = $13,000 × 50% = $6,500
Now the total work in progress would be
= $35,000 + $35,500
= $70,500
