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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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A firm that is committed to keeping manufacturing facilities in only the home country (and not developing multiple production si

Mnenie [13.5K]

Answer:

lessen the effect of exchange rate changes by sourcing from where input costs are low

Explanation:

4 0

3 years ago

ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP

Elodia [21]

Answer:

D. $80,000

Explanation:

When costs are incurred during manufacture, they are debited to the Work In Process Account.

Note that, ABC charges direct materials to WIP and indirect materials are charged to the Factory Overhead account.

Total Direct Materials = Total Materials Issued to Production - Indirect Materials Issued to Production

therefore,

Total Direct Materials = $110,000 - $30,000 = $80,000

Conclusion :

The debit to Work-in-Process Inventory account for materials is $80,000

3 0

2 years ago

Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to

kicyunya [14]

Answer:

<em>Explained below !</em>

Explanation:

<em>The major cause for the failure of the product was</em> its absence of a product protocol that directly explains the way through which it will satisfy the customers needs and wants.

The company should have re-checked the product before it was globalized all over, the mistake that was made by the company stood up as a reason of the products failure.

7 0

3 years ago

Planet Company purchased goods worth $50,000 in July and expects to purchase goods worth $70,000 in August. Planet typically pay

trapecia [35]

Answer:

57,000

Explanation:

Planet company purchases goods worth $50,000July and also expect to purchase goods worth $70,000 in August

They pay 35% of tbs purchase in the month and 75% in the following month

Therefore the total expected cash disbursement can be calculated as follows

= (70,000×35/100)+(50,000+65/100)

= {70,000×0.35) + (50,000+0.65)

= 24,500+32,500

= 57,000

6 0

2 years ago

Before the last presidential debates, 50% of registered votes indicated they were planning to vote for the incumbent president.

MAVERICK [17]

Answer:

a) H₀ : p = 0.5

$H_{a} : p > 0.5$

b) z = 2.0785

c) p - value = 0.0188

d) Our conclusion is that there has been a significant increase in the proportion of registered voters who are planning to vote for the incumbent president

Explanation:

Probability of those planning to vote for the incumbent president before the debate, P₀ = 50/100 = 0.5

a) The null and the alternative hypothesis

Let the null hypothesis be represented by $H_{0}$

and the alternative hypothesis be represented by $H_{a}$

H₀ : p = 0.5

$H_{a} : p > 0.5$

b) compute the test statistics

sample size, n = 1200

number of voters planning to vote for the incumbent president, x = 636

Probability of those planning to vote for the incumbent president in the selected sample:

$\bar{p} = x/n\\\bar{p} = 636/1200\\\bar{p} = 0.53$

Formula for the test statistic:

$z = \frac{\bar{p} - p_{0} }{\sqrt{\frac{p_{0}(1-p_{0} ) }{n} } }$

$z = \frac{0.53 - 0.5 }{\sqrt{\frac{0.5(1-0.5 ) }{1200} } }$

z = 2.0785

For $\alpha = 0.05\\$ , the critical value as checked from the normal table will be:

$z_{\alpha} = 1.645$

The P value for z > 2.0785

$P-value = P(z > 2.0785) \\P - value = \phi (-2.0785)\\P - value = 0.0188$

d) What do you conclude?

since $( z = 2.0785) > (z_{\alpha} = 1.645)$ , we will reject the null hypothesis.

Our conclusion is that there has been a significant increase in the proportion of registered voters who are planning to vote for the incumbent president

6 0

3 years ago