Business, 23.06.2021 04:40 tamiawilliams3pe55hs

A company is considering buying a component part that they currently make. Items related to the equipment being used to make the component that are relevant to this decision include .

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Answer from: lilroach4

Salvage value and alternative uses for the equipment

Explanation:

The Salvage value is defined as the value of the asset that is valued after all the depreciation has been expensed. It is the asset's estimated resale value at the end of useful life of the component.

Thus in the context, the company who wishes to buy a component part for the equipment which are relevant to the decision includes the salvage value or the residual value of the component part as well as the alternative uses of the equipment to the company.

Answer from: Quest

1 all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

Answer from: Quest

since the options are not listed, when you are working on your budget you should also add water, tv, internet, miscellaneous and your 'fun' money for in your budget. when budgeting, you need to allow for fun money, and mis/accidental money so that you stick to the budget and not go crazy because you feel strapped to the budget.

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A company is considering buying a component part that they currently make. Items related to the equi...

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