1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
Answer:
The correct answers are:
1. Actor, writer, musician : entertainment.
2. Dietician, optician : health care.
3. Litigator, paralegal, attorney : legal industry
Explanation:
Industries dedicated to consumer service are those whose product is directed directly to a consumer, and not to a company.
The product they offer is a service, and not a material good.
These industries will have professionals or people specialized in the subject who will be in charge of offering and selling this product.
That is what we see in the examples.
The health industry will offer services dedicated to health, therefore it will have professionals dedicated to this field.
The legal industry will have services dedicated to legal issues such as a lawyer, a litigator, etc.
And the entertainment industry will be dedicated to shows, this is where actors, musicians or writers come in.
Answer:
148.02 days
Explanation:
The computation of the cash conversion cycle is shown below:
As we know that
Cash conversion cycle is = Days inventory outstanding + days sale outstanding - days payable outstanding
where,
Number of days inventory outstanding is
= Average inventory ÷ cost of goods sold per day
= $75000 ÷ ($360,000 ÷ 365 days)
= 76.04 days
Number of days sales outstanding is
= Average account receivable ÷ Average sales per day
= $160,000 ÷ ($600,000 ÷ 365)
= 97.33 days
And, the number of days payable outstanding is
= Average accounts payable ÷ cost pf goods sold per day
= $25,000 ÷ ($360,000 ÷ 365)
= 25.35 days
So, the cash conversion cycle is
= 76.04 days + 97.33 days - 25.35 days
= 148.02 days
Answer: Person who enjoys the benefits of a collective good, action, or service without any effort on their part.
Explanation:
In Economics, Free riders are people who benefit from resources and/or goods that are communal in nature and yet either do not pay or pay an insubordinate amount for enjoying same. Essentially they enjoy the benefits of a collective good without any effort on their part.
As a result, the good might become overused and degraded as it is not being maintained enough.
