Answer:
Total Productivity:
* For last year: 1.70
* For this year: 1.48
Explanation:
We have the total productivity is equal to Sales/ Total resources spent.
So, the calculation for productivity as followed:
<u>* For last year:</u>
+ Sales = 200,010
+ Total resources spent = Labor + Raw materials + Energy + Capital + other = 30,010 + 35,100 + 5,100 + 45,500 + 2,100 = 117,810
=> Productivity = 200,010 / 117,810 = 1.70
<u>* For this year:</u>
+ Sales = 201,050
+ Total resources spent = Labor + Raw materials + Energy + Capital + other = 40,010 + 41,500 + 6,010 + 45,500 + 3,010 = 136,030
=> Productivity = 201,050/136,030 = 1.48.
Controlling is what involves measuring organizational performance and making adjustments as needed. Hope this helps, good luck.
Answer:
Comparative advantage
Explanation
Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.
Answer:
c) $758,300
Explanation:
Amount of Loan = $1,000,000
Interest rate = 9% per year = 9% / 4 = 2.25% per quarter = 0.025
Interest amount = $1,000,000 x 2.25% = $22,500
First Quarter payment = $264,200
Principal Payment = First Quarter payment - Interest paid
Principal Payment = $264,200 - $22,500
Principal Payment = $241,700
Amount Due on December 31 = $1,000,000 - $241,270 = $758,300