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3 years ago

Which factors indicate the economic development of a country?

2 answers:

4 0

Answer: Economic development, is the process by which the economic well-being and quality of life of a nation, region or local community are improved according to targeted goals and objectives.Indication of a country’s economic development are Gross Domestic Product (GDP) per capita, the poverty level, life expectancy, the proportion of workers in agriculture, unemployment rate, social cohesion, and changes in the physical quality of life. Economists however generally believe that, economic development and growth are influenced by four factors: human resources, physical capital, natural resources and technology. it is pertinent to note that highly developed countries have governments that focus on these important areas.

Lostsunrise [7]3 years ago

3 0

Answer:

Six Factors That Affect Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure. ...

Population or Labor. ...

Human Capital. ...

Technology. ...

Law.

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The following information is available for Baker Industries: Cost of goods manufactured $ 320,000 Beginning finished goods inven

schepotkina [342]

Answer:

Baker Industries

The Cost of goods sold for the period is:

= $330,000

Explanation:

a) Data and Calculations:

Cost of goods manufactured $ 320,000

Beginning finished goods inventory 45,000

Ending finished goods inventory 35,000

Cost of goods sold:

Beginning finished goods inventory $45,000

Cost of goods manufactured 320,000

Ending finished goods inventory (35,000)

Cost of goods sold = $330,000

4 0

3 years ago

Clayton, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to

tigry1 [53]

Answer:

The correct answer is a) distributional.

Explanation:

The standard error is the standard deviation of the sample distribution of a sample statistic.1 The term also refers to an estimate of the standard deviation, derived from a particular sample used to compute the estimate.

The sample mean is the usual estimator of a population mean. However, different samples chosen from the same population tend in general to give different values of sample means. The standard error of the mean (that is, the error due to the estimation of the population mean from the sample means) is the standard deviation of all possible samples (of a given size) chosen from that population. In addition, the standard error of the mean can refer to an estimate of the standard deviation, calculated from a sample of data that is being analyzed at the same time.

3 0

3 years ago

A manufacturing department has 50,000 EUP for units completed and transferred out and 4,500 EUP for units in ending inventory. M

ludmilkaskok [199]

Answer:

Value of closing inventory = $ 28,125.00

Explanation:

To value inventory, we multiply the cost per equivalent unit of production (cost per EUP) by the the number of equivalent units(EUP) for each of the cost element.

So the value of the closing inventory, is determined as follows:

Value of inventory = cost per E.U.P × number of E.U.P

Material = $2.50 × 4,500 = 11,250.00

Labour and overhead= $3.75 × 4,500 = 16,875.00

Total amount of work in progress

= 11,250 + 16, 875

= $ 28,125.00

6 0

3 years ago

When you encounter an organization where employees are quite intense, focused, and determined to win, you have encountered an or

vlada-n [284]

Answer: When you encounter an organization where employees are quite intense, focused, and determined to win, you have encountered an organization with a(n) <u>Mercenary</u> culture.

<u>Explanation:</u>

Mercenary is one who always works for money not for achieving any organizational goal. Mercenary culture is one in which employees have the same thinking. Employees are not friends with each other. It is the culture in which everyone thinks of his benefit. People are more determined to win even if they have to sacrifice their ethics.

So this type of culture is not very successful in the long run. Because everybody works for his or her advantage. For an organization to be successful everyone has to work together keeping in mind the benefit of other employees also.

5 0

3 years ago

Xinhong Company is considering replacing one of its manufacturing machines. The machine has a book value of $38,000 and a remain

irina [24]

Answer:

Alternative A should be accepted as it is giving favourable result of $30,600

Explanation:

Xinhong Company

ALTERNATIVE A: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $123,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $22400) = $44,400

Total change in net income $30,600

ALTERNATIVE B: INCREASE OR (DECREASE) IN NET INCOME

Cost to buy new machine $119,000

Cash received to trade in old machine $48,000

Reduction in variable manufacturing costs = 4*($33500 - $10300) = $92,800

Total change in net income $21,800

Therefore, Alternative A should be accepted as it is giving favourable result of $30,600

4 0

3 years ago