Comparative advantage<span> refers to the ability of a party to produce a particular good or service at a lower opportunity cost than another.Hope you like:)</span><span>
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Answer:
a. I will hire three new salespeople prior to our next product release.
Explanation:
Smart goals are specific, measurable, attainable, result oriented and time bound. When a new product is released, new sales person will help boost sales of the product. The sales person will inform customers about the new product features and specifications. The customers will be able to choose the product based on their preference.
The labor force that can be depicted from the information about the people will be 36.
<h3>How to calculate the labor force</h3>
The labor force will be:
= 25 + 8 + 3
= 36
The unemployment rate will be:
= Unemployed/Labor force × 100
= 3/36 × 100
= 8.33%
The participation rate will be:
= Labor force/Adult population × 100
= 36/(80 - 16) × 100
= 56.25%
Learn more about the labor force on:
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Answer:
<em>Accounting is the process of recording financial transactions pertaining to a business.</em>
Answer:
Accounts receivable turnover 2013 2,05 2012 1,875
Number of days' sales in receivables 178 daysin 2013 194 days in 2012
The collection of accounts receivable has high turnover . This can be seen in both the times per year in accounts receivable turnover and the average number of days in the collection period.
Explanation:
Account receiv Sales
2013 725000 5637500 7,775862069
2012 650000 4687500 7,211538462
2011 600000
Turnover Ratio= net credit sales
Avergae account receivable
2012 = 4687500/(600000+650000)/2
1,875
2013 = 5637500/(650000+725000)/2
2,05
Receivable turnover in days = 365 / Receivable turnover ratio
2012 194,6666667
2013 178,0487805
