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2 years ago

Which of the following is a factor payment for a factor of production?

Business

2 answers:

hram777 [196]2 years ago

4 0

I think the most appropriate answer would be D.

I hope it helped you!

KiRa [710]2 years ago

3 0

Answer:

The correct answer is letter "A": interest for capital.

Explanation:

Factors of production are economic trends describing the general inputs used to produce goods and services to make a profit. Under the classical view of economics, the factors of production consist of <em>land, labor, capital, </em>and <em>entrepreneurship</em>. Capital usually refers to money. For this approach, capital allows buying goods, lands or to pay wages.

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You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $38,000, $42,000, $86,000,

vagabundo [1.1K]

Answer:

ctcrftctctvzvzvzvbzvtgzb

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2 years ago

The Benson Bearing Company sells Textron, Inc. a quantity of baseball bats that were stored in an independent warehouse at the t

polet [3.4K]

Answer:

at the time it receives a negotiable warehouse receipt for the bats.

Explanation:

Benson Bearing Company is selling bats to Textron inc. The bats are stored at an independent warehouse not controlled by Benson Company.

Of the contract states that Textron will pick up the bats at the warehouse, the risk of loss passes to Textron when it recieved a negotiable warehouse reciept for the bats.

This is because the warehouse is not controlled by Benson Company and issuing a warehouse reciept is equivalent to delivering the goods to Textron.

7 0

2 years ago

You want to start an organic garlic farm. The farm costs $190,000, to be paid in full immediately. Year 1 cash flows will be $25

valentina_108 [34]

Answer:

internal rate of return 31.8%

Explanation:

on excel we will list each cash flow:

Y0 -190,000

Y1 25,000

Y2 37500 (Y1 x (1+g) = 25,000 x 1.05)

Y3 56250 (37,500 x 1.05)

Y4 84375 (56,250 x 1.05)

Y5 386562.5 (84,375 x 1.05 + 260,000 from the sale)

we now write =IRR( and select the cells then, press enter

the IRR function return: 31.8503%

we round into 1 percent 31.8%

3 0

2 years ago

LLY Corporation is planning to issue a $1,000 face value bond with a maturity of 30 years. The annual coupon rate is expected to

VladimirAG [237]

Answer:

$739.72 ≈ 739.72

Explanation:

we can use an excel spreadsheet and the present value function to calculate the expected price of each bond ⇒ =PV(rate,nper,pmt,fv,[type])

fv = $1,000
pmt = $1,000 x 7.25% x 1/2 = $36.25
nper = 60
rate = 10% / 2 = 5%
present value = ?

=PV(5%,60,36.25,1000) = -739.72 since excel calculates the initial investment, it is always negative, so we just change the sign.

6 0

2 years ago

The law firm of Furlan and Benson accumulates costs associated with individual cases, using a job order cost system. The followi

Mazyrski [523]

Answer:

3-Jul

Dr Work in process 25,500

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

Cr Work in process 142,760

b. $5,840 Over applied

c. Gross profit $35,580

Explanation:

Furlar and Benson General Journal

3-Jul

Dr Work in process 25,500

(170 hours ×150 per hour)

Cr Salaries payable 25,500

10-Jul

Dr Work in process 12,500

Cr Cash 12,500

14-Jul

Dr Work in process 48,100

(260 hours ×185 per hour)

Cr Salaries payable 48,100

18-Jul

Dr Work in process 30,000

Cr Consultant fees payable 30,000

27-Jul

Dr Work in process 26,660

(170 hours +260 hours)*62

Cr Office overhead 26,660

31-Jul

Dr Office overhead 28,500

Cr Cash 28,500

31-Jul

Dr office overhead 4,000

Cr Supplies 4,000

31-Jul

Dr Salaries payable 74,350

Cr Cash 74,350

31-Jul

Dr Accounts receivable 172,500

Cr Fees earned 172,500

31-Jul

Dr Cost of services 142,760

(25,500+12,500+48,100+30,000+26,660)

Cr Work in process 142,760

b. Calculation for how much office overhead isover- or underapplied

(28,500+4,000)-26,660

=32,500-26,660

=$5,840

Therefore the office overhead is over applied with $5,840

C. Calculation to Determine the gross profit on the Obsidian case

Fees earned 172,500

Less Cost of services (136,920)

(142,760-5,840)

Gross profit $35,580

Therefore the gross profit on the Obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services will be $35,580

5 0

2 years ago