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3 years ago

how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?

Business

1 answer:

Aleksandr-060686 [28]3 years ago

4 0

Answer:

A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.

Explanation:

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3 years ago

Crystal Lodging recorded $330,000 in revenues, $247,500 in expenses, and $45,000 of dividends for the year. The company began th

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Answer:

b.$127,500 increase

Explanation:

Using Accounting Equation we can find thetotal increase in total assets:

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So, the correct answer is b.$127,500 increase.

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2 years ago

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shtirl [24]

Answer:

$8,000

Explanation:

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= $20,000

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Now

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2 years ago

The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017.Raw Materials Invento

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Answer:

A) cost of goods manufactured schedule

Factory Insurance 4,700

Factory Utilities 29,100

Factory Machinery Depreciation 19,000

Direct Labor 147,750

Plant Manager`s Salary 65,600

Indirect Labor 26,560

Factory Property Taxes 9,810

Factory Repairs 1,600

Add Beginning Work in Process Inventory 26,800

Less Closing Work in Process Inventory (22,300)

Cost of Goods Manufactured $308,620

B) income statement through gross profit

Sales Revenue 564,000

Less Sales Discounts (4,700)

Net Sales 559,300

Less Cost of Goods Sold :

Finished Goods Inventory 98,200

Add Cost of Goods Manufactured 308,620

Less Closing Finished Goods Inventory (26,100) (380,720)

Gross Profit 178,580

C) current assets section of the balance sheet at June 30,2017

Current Assets

Raw Materials Inventory 46,000

Work in Process Inventory 22,300

Finished Goods Inventory 26,100

Accounts Receivable 27,100

Cash 35,600

Total Current Assets 157,100

Explanation:

Raw Materials Consumed in Production Calculation

Open a Raw Materials T - Account as follows :

Debit :

Opening Balance $51,100

Purchases $97,500

Totals $148,600

Credit :

Closing Balance $46,000

Requisitioned for Production (Balancing figure) $102,600

Totals $148,600

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3 years ago

Ajax Corp's sales last year were $400,000, its operating costs were $362,500, and its interest charges were $12,500. What was th

olga nikolaevna [1]

Answer:

3 times

Explanation:

Times Interest earned is a financial ratio that shows how many times an entity's net income or earnings before interest and taxes can be used to settle the company's interest expense.

It is given as the ratio of earnings before interest and tax to interest expense.

Earnings before interest and taxes is the difference of sales and operating costs.

= $400,000 - $362,500

= $37,500

Hence, the firm's times-interest-earned (TIE) ratio

= $37,500/$12,500

= 3

6 0

3 years ago

how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?​

how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?