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2 years ago

How can life expectancy and literacy rates affect the quality of labor in the economy?

Business

1 answer:

Veseljchak [2.6K]2 years ago

5 0

Explanation:

Life expectancy and literacy rates can affect the quality of labor in the economy because if citizens are literate, they are educated and likely have white-collar jobs. Citizens who are illiterate likely have more manual labor jobs.A nation with lower fertility rates will usually have less people, and scarce resources will take longer to run out

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Gipple Corporation makes a product that uses a material with the quantity standard of 8.2 grams per unit of output and the price

Sunny_sXe [5.5K]

Answer:

Material price variance 2830 unfavorable 

Explanation:

Material price variance

A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favourable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite

Standard material cost of 2 $

28,300 grams should have cost (28,300×$6.90) = 195270

but did cost (actual cost - 28,300×$7.00)= 198100

Material price variance  2830 unfavorable

3 0

2 years ago

What are the two indicators that can send the message a company has customer-friendly systems in place?

cluponka [151]

Two essential qualities to a “customer-friendly” system are:

Communication
Relationships

<h3>What creates a good customer service?</h3>

The key to good customer service is creating good relationships with your customers. Thanking the customer and encouraging a positive, practical and friendly environment will ensure they depart with a great impression. A happy customer will produce often and is possible to spend more.

<h3>What are the 5 grades of customer service?</h3>

When interviewing prospects, look for these consumer service qualities, traits and skills. Look for someone who is communicative, compelling, is polite, patient, conscientious, and loyal.

To learn more about customer-friendly, refer

brainly.com/question/4110146

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8 0

8 months ago

Harvey quit his job at State University where he earned $45,000 a year. He figures his entrepreneurial talent or foregone entrep

kompoz [17]

Answer:

b. $60,000

Explanation:

Implicit cost is the cost which is not shown as a cost in the statement of income.

As it includes basically the opportunity cost.

This will include:

Salary foregone = $45,000

Entrepreneurial skills income = $5,000

Interest on bonds foregone = $100,000 $\times$ 10% = $10,000

Thus, total implicit cost = $45,000 + $5,000 + $10,000 = $60,000

6 0

3 years ago

Helix Corporation uses the weighted-average method in its process costing system. It produces prefabricated flooring in a series

fiasKO [112]

Answer:

1. First production department's equivalent units of production for May for:

Materials = 185,000 units

Conversion = 178,000 units

2. First production department's cost per equivalent unit for May for:

Materials = $0.30

Conversion = $2.00

3. First production department's cost of ending work in process inventory for May for:

Materials = $52,500

Conversion = $350,000

Total = $402,500

4. First production department's cost of the units transferred to the next production department for May for:

Materials = $3,000

Conversion = $6,000

Total = $9,000

Explanation:

Note: The data in this question are merged together. They are therefore sorted before answering the question. See the attached pdf file for the reproduced question with the sorted data.

The explanation to the answer is now given as follows:

1. Calculate the first production department's equivalent units of production for materials and conversion for May.

Note: See the part 1 of the attached excel file for the calculations:

First production department's equivalent units of production for May for:

Materials = 185,000 units

Conversion = 178,000 units

2. Compute the first production department's cost per equivalent unit for materials and conversion for May.

Note: See the part 2 of the attached excel file for the calculations:

First production department's cost per equivalent unit for May for:

Materials = $0.30

Conversion = $2.00

3. Compute the first production department's cost of ending work in process inventory for materials, conversion, and in total for May.

First production department's cost of ending work in process inventory for May for:

Materials = Cost per equivalent unit for material * Units transferred to the next production department = $0.30 * 175,000 units = $52,500

Conversion = cost per equivalent unit for conversion * Units transferred to the next production department = $2.00 * 175,000 units = $350,000

Total = $52,500 + $350,000 = $402,500

4. Compute the first production department's cost of the units transferred to the next production department for materials, conversion, and in total for May.

First production department's cost of the units transferred to the next production department for May for:

Materials = Cost per equivalent unit for material * Material ending work in process = $0.30 * 10,000 units = $3,000

Conversion = cost per equivalent unit for conversion * Conversion ending work in process = $2.00 * 3,000 units = $6,000

Total = $3,000 + $6,000 = $9,000

Note: See part 1 of the attached excel file for the calculation of ending work in process of Material and Conversion.

Download xlsx

xlsx

pdf

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2 years ago

Briefly explain 3 ways in which multinational corporations are developed

NemiM [27]

<h2>Hiii</h2><h2>HERE'S YOUR ANSWER</h2>

<h3 />

Multinational Corporations (MNCs) set up their factories or production units close to markets where they can get desired type of skilled or unskilled labour at low costs along with other factors of production. After ensuring these conditions MNCs set up production units in the following ways :

(a) Jointly with some local companies of the existing country.

(b) Buy the local companies and then expand its production with the help of modern technology.

<h2>HOPE IT HELPS YOU OUT PLEASE MARK IT AS BRAINLIEST AND FOLLOW ME PROMISE YOU TO FOLLOW BACK ON BRAINLY.IN </h2>

4 0

2 years ago

How can life expectancy and literacy rates affect the quality of labor in the economy?​

How can life expectancy and literacy rates affect the quality of labor in the economy?