Answer:
The labor cost per unit is lowest for China and is $0.40 per unit
Explanation:
Country Labor Wage per Day Wages per Production Labor cost
count per labor Day units per day per Unit
L w W=L×w P l=W÷P
Myanmar 7 $2.50 17.50 38 $0.46
China 9 $2.00 18.00 45 $0.40
Billings/ 4 $57.00 228.00 102 $2.24
Montana
The labor cost per unit is lowest for China and is $0.40 per unit
Answer:
D) all of the above
Explanation:
Probably the single most labor reducing factor is new technology and how it is applied within a business. Automation is probably the single most important labor reducing factor in the US over the last 30 years. This is specially for factory workers, since automation is responsible for fewer industry jobs, not China.
New technologies increase marginal returns for labor and they also have changed organizations completely.
Computers, the internet, smartphones, Amazon, etc., have changed our world. Even the military has changed, a pilot can be located inside a US base and his airplane is flying a mission in the Middle East.
Answer:
Break-even point in units= 78,000
Explanation:
Giving the following information:
Fixed cost= $940,000
Total contribution margin= (6,000,000 - 4,600,000)= $1,400,000
Unitary contribution margin= 1,400,000 / 70,000= $20
Desired profit= $620,000
<u>To calculate the number of units to be sold, we need to use the following formula:</u>
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (940,000 + 620,000) / 20
Break-even point in units= 78,000
Missing information:
<u>Balance sheet
</u>
Current assets $3,300 Current liabilities $2,200
Fixed assets $10,200 Long-term debt $3,750
Equity $7,550
Total $13,500 Total $13,500
<u>Income statement</u>
Sales $6,600
Costs $5,250
Taxable income $1,350
Taxes (34%) $459
Net income $891
Answer:
$1,350.60
Explanation:
external financing needed = [(assets / sales) x ($ Δ sales)] - [(current liabilities / sales) x ($ Δ sales)] - [profit margin x forecasted sales x (1 - dividend payout ratio)]
EFN = [($13,500 / $6,600) x $1,188] - [($2,200 / $6,600) x $1,188] - [(0.135 x $7,788 x (1 - 0.35)]
EFN = $2,430 - $396 - $683.40 = $1,350.60
External financing refers to the amount of money that a business must either borrow or raise capital in order to keep operating as they have been doing so.
The correct answer is : light Industry
Since a light industry only produce small consumer goods such as clothes, shoes, hand made dolls, etc, it usually less capital oriented than the heavy industries and more consumer oriented than business oriented