On april 1, pujols, inc., exchanges $606,000 fair-value consideration for 70 percent of the outstanding stock of ramirez corporation. the remaining 30 percent of the outstanding shares continued to trade at a collective fair value of $219,700. ramirez’s identifiable assets and liabilities each had book values that equaled their fair values on april 1 for a net total of $670,000. during the remainder of the year, ramirez generates revenues of $660,000 and expenses of $379,000 and declared no dividends. on a december 31 consolidated balance sheet, what amount should be reported as noncontrolling interest?

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

a. primarily outdoors, responding to emergencies and protecting people.

have a nice day!

answer; is the sum of all individual demands curves;