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3 years ago

In 2009 the Ford Motor Company announced plans to spend $490 million on

Business

1 answer:

ivann1987 [24]3 years ago

3 0

Answer:

Cheaper labor.
Cheaper auto parts.

Explanation:

China has cheaper labor rates than the United States in comparative industries including in the motor vehicle producing industry. Ford may want to take advantage of this to make cars at a smaller cost in China and therefore make more profit in sales.

Car parts are also easier and cheaper to acquire in China. Steel for instance, is a very valuable commodity in motor vehicle manufacturing and China happens to be the largest producer in the world. Having access to cheaper materials would increase Ford's profitability as well.

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3 years ago

If you are in a car accident cause by someone else who also has insurance, which type of insurance plan will not require you to

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4 years ago

In the aggregate expenditures model, it is assumed that: a.gross investment (I), government purchases (G), and net exports (NX)

tiny-mole [99]

Answer:

The Correct Option is "B"

Explanation:

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3 years ago

What is the inventory turnover ratio for ABC Corp. if cost of goods sold equals $5,000, current ratio equals 3, quick ratio equa

soldi70 [24.7K]

Answer:

Inventory turnover= 5.5 times

Explanation:

Current ratio is given as 3

Cost of goods sold = $5,000

Current assets = $1,800

Quick ratio= 1.5

Current ratio= current assets/ current liabilities

3= 1,800/ current liabilities

Current liabilities= 1,800/3

Current liabilities= $600

Quick ratio= Cash and Receivables/ Current liabilities

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Inventory= $900

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Inventory turnover= 5,000/900

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3 years ago