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vlabodo [156]
3 years ago
8

An increase in the standard of living results from an increase in which of the following?​

Business
2 answers:
AleksAgata [21]3 years ago
8 0

Answer:

Income and employment.

Explanation:

The increase in the quality of life of the people of a country occurs when, compared to an earlier time, people are in a better financial situation that can provide greater access to goods and services. This is the result of improvements in the labor market and consequently income. When the economy is in a boom, labor productivity increases and more jobs are generated. Many of them with better compensation opportunities. This effect across society increases income and thus people's average standard of living. Therefore, the correct answer is income and employment.

Alenkinab [10]3 years ago
7 0

Income and employment.

Standard of living is the level of wealth and comfort available to individuals.

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Defined contribution plan
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A firm has current liabilities of $500, a current ratio of 1.5, and a quick ratio of 1.1. calculate the level of inventory for t
SCORPION-xisa [38]

The inventory level will be used by an inventory manager to regulate the optimal time for manufacturing, if they are handling a manufacturer's warehouse, or to demand more if the product is being stored as stock at a store.


To solve this:

Get first the Current Assets this solved by multiplying the current liabilities to the current ratio.

CA = $500 (1.5) = $750


Then get the inventory level by multiplying the current asset to the product of the current liabilities and quick ratio.

Inventory level = $750 (500 x 1.1) = $412,500

4 0
3 years ago
Objectives of financial reporting to external investors and creditors include preparing information about all of the following e
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Answer:

Information used to determine which products to produce

Explanation:

Determination of products whose production is not yet decided is a managerial issue, and it is part of internal information that should be not delivered to external parties. Furthermore, this data usually is not accurate, so sharing outside would not be even recommended for this sole reason.

3 0
3 years ago
The distribution department at Golden Grains Wheat Company has decided to adopt the FIFO (first in, first out) method of invento
Akimi4 [234]

Answer:

Option B "functional strategy " is the correct option.

Explanation:

  • A functional approach or strategy is necessarily connected to operations and maintenance-level decision-making, also recognized as tactical changes.
  • Those same tactical decisions were mostly applied to different operational departments such as business, research as well as development, human resources, warehousing, logistic support, amongst others.

And therefore this strategy demonstrates best the specific situation.

6 0
3 years ago
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $344,000 and credit sa
umka21 [38]

Answer:

c. Bad Debt Expense 14,600 Allowance for Doubtful Accounts 14,600.

Explanation:

As for the information provided,

outstanding balance of accounts receivables = $344,000

Also that the uncollectible balance of accounts receivables is estimated = 5% of outstanding balance.

Therefore, balance at year end of allowance for uncollectible shall be = $344,000 \times 5% = $17,200

Provided existing balance of allowance = $2,600

Thus, entry shall be for amounting = $17,200 - $2,600 = $14,600.

5 0
3 years ago
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