Answer:
The correct answer is: increase; decrease.
Explanation:
The world price of cotton rises substantially. An increase in price will cause the supply to increase as price level and supply are directly related. In order to increase the supply of cotton, the firms will need more labor. This will cause the demand for labor to increase in the cotton-producing firms.
As the price of cotton, the cost of inputs for textile firms will increase. This will increase the cost of production for the textile-producing firms. This increase in cost will cause the supply to decrease. This will cause the demand for labor to decline as well.
Answer:
9.82
Explanation:
Given that,
Assets = $18 billion
Tax rate = 35%
Basic earning power (BEP) ratio = 12%
Return on assets (ROA) = 7%
BEP = EBIT ÷ Total Assets
12% = EBIT ÷ $18 billion
EBIT = 12% × $18 billion
= $2.16 billion
ROA = Net Income ÷ Total Assets
7% = Net Income ÷ $18 billion
Net Income = 7% × $18 billion
= $1.26 billion
Earning before tax:
= Net income ÷ (1 - tax)
= $1.26 ÷ (1 - 0.35)
= $1.26 ÷ 0.65
= $1.94 billion
Interest Expense:
= EBIT - EBT
= $2.16 billion - $1.94 billion
= $0.22 billion
Times interest earned ratio:
= EBIT ÷ Interest expense
= $2.16 billion ÷ $0.22 billion
= 9.82
Answer: Product design
Explanation:
The product design is one of the process that helps in creating the new product by properly determining the feasibility of the product based on the customer requirement and the needs.
The product should be cost efficient, high quality and designing the product by using the product stage development process.
According to the question, the John Deere is designing the specific design or equipment on the basis of needs of the manufacturing company and this process is known as the product design.
Therefore, Product design is the correct answer.