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2 years ago

Why is the primary sector important to the South African economy?

Business

1 answer:

Fynjy0 [20]2 years ago

4 0

Answer:

However, the economy has been characterised by a structural shift in output over the past four decades.

Since the early 1990s, economic growth has been driven mainly by the tertiary sector – which includes wholesale and retail trade, tourism and communications. Now South Africa is moving towards becoming a knowledge-based economy, with a greater focus on technology, e-commerce and financial and other services.

Among the key sectors that contribute to the gross domestic product and keep the economic engine running are manufacturing, retail, financial services, communications, mining, agriculture and tourism.

Explanation:

South Africa’s economy has traditionally been in the primary sectors – the result of a wealth of mineral resources and favourable agricultural conditions.

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Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?

Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

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3 years ago

Fall protection, confined space entry procedures, controlled noise levels, and protection from chemical hazards are some of the

Kruka [31]

The answer is: A.Healthful

A workplace would be categorized as 'healthful' if it is designed to ensure the health and wellness of the people that work on the site.

In united states, all of the safety requirement in the workplace is being overlooked by an organization called Occupational Safety and Health Administration. They create list of requirements that must be followed by employers and conduct daily investigation to ensure that all workplaces that operate maintain a healthful standard.

4 0

3 years ago

Read 2 more answers

A proposed new project has projected sales of $175,000, costs of $93,000, and depreciation of $24,800. The tax rate is 23 percen

allochka39001 [22]

Answer and Explanation:

Sales = $175,000

Less: Cost = $93,000

Gross Profit = $82,000

Less: Depreciation = $24,800

EBT = $57,200

Less: Tax [email protected]% = $13,156

EAT = $44,044

a). OCF = EBIT + Depreciation - Taxes

= $57,200 + $24,800 - $13,156

= $68,844

b). OCF = [(sales - costs - Depreciation) * (1 - T)] + Depreciation

= [($175,000 - $93,000 - $24,800) * (1 - 0.23)] + $24,800

= $68,844

c). OCF = [(sales - costs) * (1 - T)] + [Depreciation * T]

= [($175,000 - $93,000) * (1 - 0.23)] + [$24,800 * 0.23]

= $68,844

d). OCF = Net income + depreciation

= $44,044 + $24,800

= $68,844

6 0

3 years ago

Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou

11Alexandr11 [23.1K]

Answer:

$306,000

Explanation:

The formula and the computation of the cost of good sold is shown below:

Cost of goods sold = Opening balance of merchandise inventory + Purchase made - ending balance of merchandise inventory

= $85,000 + $323,000 - $102,000

= $306,000

Basically we have applied the above formula to find out the cost of goods sold

7 0

3 years ago

Individuals and business organizations that buy finished goods and resell them to make a profit without changing the physical ch

marysya [2.9K]

Answer: reseller markets

Explanation: In simple words, re-sellers refers to the buyers buying certain goods with the intention of selling them to anyone else. There are suppliers, retailers and distributors on the re-seller trade.

Re sellers can constrain their acquisitions to one product or company or offer a variety of brands and products.

These are the part of supply chain which makes their profit by adding value in the goods in form of providing any kind of service. For example the retailer provides commodities near the customer place hence charges extra for the time saving customer.

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3 years ago

Why is the primary sector important to the South African economy?​

Why is the primary sector important to the South African economy?