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3 years ago

Since 1969, economic growth in has been greater than in because __.

1 answer:

5 0

Since 1969, the economic growth in Hongkong has been greater than in the United States. Although both have been showing improvement and development when it comes to economic growth, Hongkong gave their best by devoting a bigger fraction of its resources to accumulating capital. Hongkong's production possibilities then have expanded more quickly. By 2009, the performance of Hongkong's economy has been promising for statistics states that the production possibilities of per person in the said country had reached 94 percent than in the United States. Another proof that Hongkong has been doing good is, it is considered as one of the world's leading financial centers. It boasts of its low taxation, almost free port trade and well established international financial market through its service-oriented economy. ‬

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Daily demand for a certain product is normally distributed with a mean of 138 and a standard deviation of 13. The supplier is re

Oxana [17]

Answer:

A. Continuous review system

B. Order quantity = 2,049 Books

C. Reorder point=987

Explanation:

a. In order To manage inventory, the company is using what is called Continuous review system

b. Calculation to find the order quality

Using this formula

Order quantity = √((2DS)/H)

Let plug in the morning

Order quantity=√ ((2 x 49,404 x 17)/0.40)

Order quantity = 2,049 Books

(138*358=49,404)

C. Calculation for reorder point

First step is to find the σL

73 % S.L. - z = 0.613

Using this formula to find the σL

σL = (Lσ^2)

Let plug in the formula

σL=√(7(13)^2)

σL= 34.39

Second step is to find the Reorder point using this formula

R = d bar(L) + zσL

Let plug in the formula

Reorder point = (138)(7) + 0.613(34.39)

Reorder point = 966+21

Reorder point=987

5 0

3 years ago

A fire destroyed a warehouse of the Goren Group, Inc., on May 4, 2021. Accounting records on that date indicated the following:

katrin [286]

Answer:

$1,190,000

Explanation:

The computation of cost of the inventory is given below:-

For computing the cost of inventory first we need to find out the cost of goods sold which is shown below:-

Cost of goods sold = Sales - Estimated gross profit

= $8,900,000 - ($8,900,000 × 20%)

= $7,120,000

Now, the Cost of the inventory = Beginning inventory + Purchase + Freight - Cost of goods sold

= $1,970,000 + $5,870,000 + $470,000 - $7,120,000

= $8,310,000 - $7,120,000

= $1,190,000

So, for computing the cost of the inventory we have applied the above formula.

3 0

4 years ago

The CEO of a small but growing sports equipment firm has just announced that sales went up significantly last year. The marketin

Lelu [443]

Answer:

percentage-of-sales approach

Explanation:

As the volume of business revenue increases, the percentage of advertising investment over revenue may decrease. The US Small Business Administration recommends between 7% and 8% if sales are less than $ 5 million a year and the net margin is between 10% and 12%.

It seems logical to determine the cost of what we invest in selling, in relation to the sales we are having, for example, the oil companies allocate a penny for each liter of gasoline they sell.

The logic is maintained if we consider that we will never get out of what the company can really afford, our relationship with CFOs will be one of love at first sight, we look great in presentations to management and promote stability.

Of course it does have bad points, and the first is that its approach is wrong because marketing and communication are not necessarily linked to sales.

3 0

4 years ago

Read 2 more answers

When a country that exported a particular good abandons a free-trade policy and adopts a no-trade policy, A. producer surplus de

lyudmila [28]

Answer:

A) producer surplus decreases and total surplus decreases in the market for that good.

Explanation:

When a country adopts a no trade policy, producer surplus decreases, consumer surplus increases, and total economic surplus decreases.

Total producer surplus deceases, because the quantity produced will be greater than the quantity demanded by the domestic market which will result in lower prices (which increases consumer surplus). But the extra consumer surplus is not enough to offset the lost producer surplus, therefore, the total economic surplus will decrease.

This is specially true if we are talking about small economies or large producers. E.g. due to the US - China trade war, American farmers couldn't sell their products to Chinese customers which resulted in an over stock, and a great portion of their total income was slashed.

3 0

3 years ago

Compute the future value in year 9 of a $2,000 deposit in year 1, and another $1,500 deposit at the end of year 3 using a 10 per

Tom [10]

Answer:

Future value is $ 6,944.52.

Calculation:

Year 9 of a $2,000 deposit in year 1

This can be calculated using compounding formula given below.

Year 9 value = present value (1+I%)^period

Year 9 value = 2,000 (1+10%)^8

Year 9 value = $ 4,287.18-A

$1,500 deposit at the end of year 3

This can also be calculated using compounding formula given below.

Year 9 value = present value (1+I%)^period

Year 9 value = 1,500 (1+10%)^6

Year 9 value = $ 2,657.34-B

Combined Value = A+B = $ 6,944.52

5 0

4 years ago

Since​ 1969, economic growth in​ ______ has been greater than in​ ______ because​ ______.

Since 1969, economic growth in has been greater than in because __.