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3 years ago

When gathering informatin about an industry pay attention to whether it is a growth industry what does this mean

Business

1 answer:

Pavel [41]3 years ago

7 0

Answer:

there are mainly two types of industries that we can identify based on their nature. One is new and growing industries and other is established and mature industries.

when we analyze a particular company in a certain industry or analyzing a particular industry in an economy, we have to understand if it is a new and and growth industry of a matured industry as the growth, volatility and risks in these industry type change rapidly depending on which industry we are looking at.

Growth industries can be simply described as new and industries that did not exist previously.

Explanation:

You might be interested in

Whats considered a fixed assest

Igoryamba

Answer:

see below

Explanation:

Fixed assets are valuable items that cannot be converted into cash quickly. They are assets not meant for sale or consumption up in the current financial year.

Fixed assets are tangible or physical assets used by businesses in the productions or provision of services. They provide long term financial benefits to a business. Fixed assets have a useful life of more than one year. Land, buildings, motor vehicles, plant, and equipment are examples of fixed assets.

3 0

3 years ago

At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un

damaskus [11]

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

8 0

3 years ago

Pierce Corporation exchanged old equipment for new equipment. The original cost of the old equipment was $120,000, and its accum

ololo11 [35]

Answer:

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

--to record trade of equipment--

Explanation:

Let's break the transactions into small parts:

We need to remove the old equipment from accounting along with their accumulated depreciation so:

accumulated depreciation 40,000 debit

old equipment 120,000 credit

Then, we debit the new equipment at fair value:

new equipment 50,000 debit

Last, assuming the trade has commercial substance: we recognize the gain or loss on sale:

book value of traded equipment: 80,000

fair value of new equipment: 50,000

loss at disposal: 30,000

<u>Thus, the journal entry will be as follows:</u>

new equipment 50,000 debit

accumulated depreciation 40,000 debit

loss at disposal: 30,000 debit

old equipment 120,000 credit

4 0

3 years ago

The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods

Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0

3 years ago

Jake accepted a management trainee position at opelika resorts, a real estate development company. corporate management believes

Lera25 [3.4K]

This company uses job rotation. It is the organized movement of staffs and personnel from one job to a different job inside the organization to attain numerous human resources purposes. For instance positioning new employees, improving career development teaching employees, and stopping job dullness or exhaustion.

3 0

3 years ago