Answer:
Refer below.
Explanation:
Amartya Sen, a professor of economics at Harvard and a Nobel Laureate, has argued: "For India to match China in its range of manufacturing capacity... it needs a better-educated and healthier labor force at all levels of society." Source: Amartya Sen, "Why India Trails China," Wall Street Journal, June 19, 2013. Education and health care are important for economic growth because:
India has had the option to encounter fast financial development since 1991 regardless of poor instructive and human services frameworks on the grounds that can accomplished a solid workforce has higher efficiency.
The legislature downsized focal arranging, diminished guidelines, and presented advertise based changes.
Answer:
The correct answer is option D.
Explanation:
Manufacturing overhead is a product cost and thus must be included in the cost sheet. Though it is difficult to include as it is an indirect cost. So even when the output level gets reduced due to some reason, the overhead cost remains constant.
So, it is difficult to assign overhead costs to production. But it can be done by using an allocation process. In this process an allocation base is selected which is common to all products and services of company.
Answer:
B) Accept Project A and reject Project B.
Explanation:
We use excel or a spreadsheet to calculate this ratio.
See document attached.
Cash flow will solve this problem.
At moment 0 we have the investment cost or initial cost, in this case $125,000 or $135,000. From period 1 to period 3, we have different incomes. Then, we calculate the Net cash flow that is the difference between benefits and cost.
We use all the result (positive and negative) in Net cash flow to get the IRR.
<u>Project A</u>
Internal Rate of Return (IRR) 18,86%
<u>Project B</u>
Internal Rate of Return (IRR) 13,78%
So we should accept Project A and reject Project B, because in project A the IRR is bigger of required return ( 16%), we reject project B because the IRR is smaller.
Answer:
The correct equation is
*income – income tax = disposable income
Explanation:
Disposable income shows the income that can be used for personal uses after the mandatory income taxes are paid to the government.
Disposable income is an important concept in economics as it allows to reasonably deduce how the income taxes has to be adjusted and how the taxes will effect the consumption and savings by the individuals.
More disposable income for individuals generally means that person may have a higher standard of living. But if most of that income is spent on consumption rather than savings and investing, then the economy loses its advantage.
