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PtichkaEL [24]
1 year ago
13

Explain the importance of the primary sector and provide an example

Business
1 answer:
lesya692 [45]1 year ago
3 0

Hey there, your answer is below:

The input for the secondary sector comes from the primary sector. It comprises of all the raw materials that the secondary sector needs to process and produce goods. It generates money for some nations and can be considered "cash crops" because to its importance and worldwide commerce in sustaining the secondary sector, which is growing. This covers forestry, fishing, mining, and agriculture. In contrast, the tertiary sector creates services, while the secondary sector creates manufactured items. In less developed nations, the primary sector is frequently more significant than in industrialized nations.

Thank you,

Eddie

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4 0
3 years ago
At what month should an infant be able to sit steadily for five minutes?
timofeeve [1]

At seven to eight month old, will the infant start and to be able to sit steadily as he or she is able to support his or herself in sitting up straight but he or she couldn’t walk as his or her bones in his or her lower body is not as strong enough for he or she to stand up.

5 0
3 years ago
Wyman Corporation uses a process costing system. The company manufactured certain goods at a cost of $800 and sold them on credi
Shtirlitz [24]

Answer:

Accounts receivable (Dr.)                          $1,075

                Sales revenue (Cr.)                                          $1,075

Cost of goods sold (Dr.)                                800

                Finished goods (Cr.)                                            800

where

Dr. = Debit

Cr. = Credit

Explanation:

The inventory account of a manufacturing firm has three sub-accounts: Raw materials, Work-in-process, and Finished goods. The goods purchased by the company were sold without any work done. It means that they were purchased in finished form, so, the company will record these goods in its finished goods inventory. When goods are sold, we have to record sales and receivable. AND on the same time, under perpetual inventory system, the cost of goods that are sold and inventory account are also adjusted to reflect the changes.

7 0
3 years ago
Read 2 more answers
A certain type of computer costs $10 per unit, and the annual holding cost is 25% of the value of the item. Annual demand is 1,0
lukranit [14]

Answer:

Annual demand (D) = 1,000 units

Ordering cost (Co) = $150

Holding cost per item per annum = 25% x $10 = $2.50

EOQ = √2DCo

                H

EOQ = √2 x 1,000 x $150

                  $2.50

EOQ = 346 units

Explanation:

EOQ is the square root of 2 multiplied by annual demand and ordering cost per order divided by holding cost per item per annum. EOQ is the quantity of stock that is bought each time a replenishment order is placed.

0 0
3 years ago
Net cash flow from operating activities for 2018 for Graham Corporation was $495,000. The following items are reported on the fi
Ket [755]

Answer:

$501,000

Explanation:

The statement of cash flows has 3 major sections for the activities of a business. These are operating, investing and financing.

The operating section is where the net profit, non-cash items and movements within the current assets and liabilities are dealt with.

The non-cash items considered in the income statement when computing the net income are added or subtracted back (considering the initial treatment in the income statement). An increase in assets other than cash in cash flow statement is an outflow while dividend paid is a financing activity.

net income + $30,000 - $36,000 = $495,000

Net income = $495,000 - $30,000 + $36,000

= $501,000

4 0
3 years ago
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