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2 years ago

In what industry is labour likely to be the most important factor of production

Business

1 answer:

Lisa [10]2 years ago

4 0

Answer:

Labour is an active factor of production. It is the factor that starts production. Land and Capital alone cannot start production, so they are passive factors. They need the active factor of production, i.e. labour to be productive themselves.

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Lacy's Linen Mart uses the retail method to estimate inventories. Data for the first six months of 2019 include: beginning inven

Harman [31]

Answer:

A. $68,200

Explanation:

Retail Cost

Beginning inventory $60,000

$120,000

Plus: Net purchases. $312,000

$480,000

Goods available for sale $372,000

$600,000

Cost to retail percentage = $372,000 ÷ $600,000 = 62%

Less : Net sales

($490,000)

Estimated ending inventory at retail

$110,000

Estimated ending inventory at cost

62% × $110,000 = $68,200

4 0

3 years ago

Help! Select the qualification that is best demonstrated in each example.

MA_775_DIABLO [31]

1. Leadership skills
2. Ability to handle money
3. Ability to operate equipment safety
4. Organizational

6 0

3 years ago

Read 2 more answers

Sweet Sue Foods has bonds outstanding with a coupon rate of 5.50 percent paid semiannually and sell for $1,917.12. The bonds hav

RoseWind [281]

Answer:

Current yield=5.74%

Explanation:

Calculation for the current yield for these bonds

Current yield = (.055× $2,000)/$1,917.12

Current yield =$110/$1,917.12

Current yield=0.0574*100

Current yield=5.74%

Therefore the current yield for these bonds will be 5.74%

6 0

3 years ago

All of the following characteristics are common to both monopolistic competition and perfect competition except:________

Dima020 [189]

Answer:

The correct answer is option d.

Explanation:

Monopolistic competition is the market where there is a large number of firms producing differentiated products. The firms are price makers and face a downward sloping curve. There is very low or no barriers to entry and exit.

A perfect competition has a large number of firms producing identical products. These firms are price takers and face a horizontal line demand curve. There are very low or no barriers to entry and exit.

The firms in both market forms are trying to maximize profits. The market demand curve is also downward sloping in both. But the monopolistic competition produces differentiated products and firms are price makers.

4 0

3 years ago

Onofkp411 Corporation has a time contraint on one of its special machines. The company makes three products that use this machin

marta [7]

Answer: $7.20 per minute

Explanation:

Find out the profitability of each product as Contribution Margin per minute.

Magnifico

Contribution margin per minute = (Selling price - Variable cost) / minutes on the constraint

= (335.18 - 259.26) / 7.5

= $10.12 per minute

Bellissimo

= (228.46 - 173.08) / 4.3

= $12.88 per minute

Lovely

= (199.21 - 159.61) / 5.5

= $7.20 per minute

Their least profitable product is $7.20 per minute.

The machine does not have sufficient time to satisfy the needs of Lovely so they will have to pay more to acquire more of the resource but they should not pay anything more than $7.20 per minute as this is their contribution margin for the product. and anything more would result in a loss.

<em>Options are most probably for another variant of the question. </em>

6 0

3 years ago