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Sloan [31]
2 years ago
11

As a factor of production, the term capital includes A. stocks and bonds issued by corporations B. natural resources such as lan

d and water C. tools, machinery, and buildings D. services provided by the government that enable businesses to be more productive
Business
1 answer:
goldenfox [79]2 years ago
3 0

Answer:

The correct answer is letter "C": tools, machinery, and buildings.

Explanation:

Factors of Production is an economic term describing the general inputs used to produce goods and services to make a profit. The factors of production consist of <em>land, labor, capital, </em>and <em>entrepreneurship</em>. Capital refers to the building, machines, and tools used in the process of production. Capital is anything from a fleet of delivery trucks, a factory building, a printing press to a computer.

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Theresa adds $1,500 to her savings account on the first day of each year. marcus adds $1,500 to his savings account on the last
Kay [80]

Answer:

difference = $12093.38

Explanation:

given data

adds 1st day in saving account = $1,500

adds last day in saving account = $1,500

annual interest = 6.5 %

time = 35 year

to find out

difference in their savings account balances

solution

we get there first Theresa  future value that is

future value 1 = present value × \frac{(1+rate)^{time} - 1}{rate}   ....1

future value 1 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065}

future value 1  = $186052.04

and

future value 2 = present value × \frac{(1+rate)^{time} - 1}{rate} ×  (1+rate)  .........2

future value 2 = $1500 × \frac{(1+0.065)^{35} - 1}{0.065} ×  (1+0.065)

future value 2 = $198145.42

so that here difference is

Difference = $198145.42 - $186052.04

difference = $12093.38

3 0
2 years ago
Which statement below best captures the overall point and focus of the New York Times article, Document 3?
Artemon [7]

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>

6 0
2 years ago
On January 1, 2020, the Oriole Company had $2,990,000 of $10 par value common stock outstanding that was issued at par and Retai
amm1812

Answer:

Oriole Company

Journal Entries:

July 1:

Debit Cash Account $2,336,000

Credit Common Stock $1,460,000

Credit Paid-in In Excess of Common Stock $876,000

To record the issuance of 146,000 shares of common stock, par $10 at $16 per share.

December 15:

Debit Retained Earnings $445,000

Stock Dividends Payable $445,000

To record the declaration of a 10% stock dividend.

Explanation:

a) Stockholders of record on December 31, 2020:

Number of shares in issue at beginning 299,000

Number of shares issued on July 1          146,000

Total                                                          445,000

10% of 445,000 = 44,500 shares

b) Stock Dividends declared on December 15 will result to the issuance of 44,500 shares to stockholders.  To finance this stock dividend, the Retained Earnings account is debited while the Stock Dividends Payable is credited.  When the shares are issued on January 15, the Stock Dividends Payable (Distributable) will be debited and the Common Stock credited with the par value.  The market price of $17 does not affect the company's records.

8 0
2 years ago
Robinson Company purchased Franklin Company at a price of $2,500,000. The fair market value of the net assets purchased equals $
Fed [463]

Answer:

Explanation:

Goodwill is defined as the excess in amount of the purchase price of a company over the fair value at acquisition.It is intangible in nature , meaning it can not be physically separated from the other assets. Example are patent , brand name , good employee relation.

1.

Goodwill calculation

Purchase price - $2,500,000

Fair value -          $1,800,000

Goodwill -               $700,000        

2.

No

Under the IAS 36, impairment of assets , goodwill is not amortized but annually tested for impairment as amortization is applicable to intangible assets with a definite useful life while intangible assets with indefinite useful life are annually tested for impairment to evaluate a loss in value experienced.

3

No

Under IAS 38 , Internally generated goodwill are not recognized as no related cost is incurred towards achieving a future benefit

7 0
2 years ago
Meng Co. maintains a $300 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represe
Len [333]

Answer:

A. Dr. Office Supplies, $80; Dr. Merchandise inventory, $160; Dr. Miscellaneous expenses, $20; Dr. Cash over and short, $8; Cr. Petty cash, $268.

Explanation:

$80 for office supplies, $160 for merchandise inventory, and $20 for miscellaneous expenses are all expense accounts which need to be debited for settlement. Cash Shortage account is debited by $8 to record the cash shortage effect. The total of all these account will be credited in cash account.

7 0
2 years ago
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