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jonny [76]
2 years ago
13

Now, the payoff: How productive is the average person in the top 20% compared with the average person in the bottom 80% of the p

lanet? Answer this by dividing your answer to question 3c by your answer to question 4b. This chapter and the next are devoted to explaining why this ratio is so large.
Business
1 answer:
Stels [109]2 years ago
7 0

Answer:

The productivity of an average person in the top twenty percent is four (4) times that of an average person in the bottom eighty percent.

Explanation:

In questions 3c and 4b, the values of the gross domestic products for the top twenty (20) percent and the bottom eighty (80) percent are $22,800 and $5,700 respectively. Therefore, if we take the ratio of the two values, we have:

$22800/$5700 = 4

The productivity of an average person in the top twenty percent is four (4) times that of an average person in the bottom eighty percent.

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Answer: The correct answer is "c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.".

Explanation: Process Costing is a special accounting method to identify and accumulate direct costs and prorate indirect costs of the same manufacturing process.

The statement "The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory." is the most accurate.

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3 years ago
What shows the quantities of products demanded at each price by all consumers in a market?
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A market demand schedule
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When Steve is talking about his communications with employees, he says, "I constantly check in." The information Steve gets from
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Answer:

Upward communication

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3 years ago
Organizations offer aspiring entrepreneurs in developing countries small loans to help them get their businesses started. these
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microcredit

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1 year ago
Azule Co. manufactures in two sequential processes, cutting and binding. The two departments report the information below for a
Angelina_Jolie [31]

Answer and Explanation:

The computation of the ending balance in the work in process inventory for each department is shown below:

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And, for binding department

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= $5,669

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2 years ago
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