Answer:
The correct answer is option a.
Explanation:
Productivity can be defined as a measure of the efficiency of a person, factory, machine, system, etc, to convert inputs into outputs. In other words, it is the rate of output per unit of input.
Productivity is an important determinant of living standards. A higher level of productivity means better living standards. This implies that growth in productivity is the key determinant of growth in living standards.
Answer:
The correct answer is option D.
Explanation:
Suppose technological advancement has helped in decreasing the cost of producing organic produce. This means that the farmers can now produce more at the same cost. As a result, the supply of organic produce will increase. This will cause a rightward shift in the supply curve.
At the same time, the demand for organic produce has increased. This will lead to a rightward shift in the demand curve.
The rightward shift in both demand and supply curve will lead to an increase in the equilibrium quantity. The change in the price level depends on the extent of the change in demand and supply.
Answer:
2 times
Explanation:
The computation of accounts receivable turnover is shown below:-
Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable
where,
Net credit sales is $1,000,000
And, the Average accounts receivable is
= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2
= ( $700,000 + $300,000) ÷ 2
= $500,000
Accounts receivable turnover = Net sales ÷ Average accounts receivable
= $1,000,000 ÷ $500,000
= 2 times
Answer:
A) The account receivables turnover is 15, and B) the number of days sales in receivables is 24.3 days.
Explanation:
A) FORMULA FOR ACCOUNT RECEIVABLES TURNOVER =
NET SALES / AVERAGE ACCOUNT RECEIVABLES
Given information -
Net sales = $1500,000
Average account receivables = $100,000
Putting the values in formula -
= $1500,000 / $100,000
= 15
B) FORMULA FOR NUMBER OF DAYS SALES IN RECEIVABLES =
365 / ACCOUNT RECEIVABLES TURNOVER
= 365 / 15
= 24.3 DAYS
Answer:
$124,440
Explanation:
Given a monthly principal and interest payment of $679, over the 30 year period, Naomi would have paid back
$679 * 30 year * 12 months in a year
= $244,440
With a loan amount of @120,000, the interest portion of the total repayment is therefore = total repayment less the loan amount
= $244,440 - $120000
= $124,440.
