All categories

2 years ago

Explain in detail the various of cottage industry.

Business

1 answer:

almond37 [142]2 years ago

4 0

Answer:

A cottage industry is a small-scale, decentralized manufacturing business often operated out of a home rather than a purpose-built facility. Cottage industries are defined by the amount of investment required to start, as well as the number of people employed.

You might be interested in

Suppose the United States has a comparative advantage over Mexico in producing pork. The principle of comparative advantage asse

vichka [17]

Answer:

d. Mexico has nothing to gain from importing United States pork.

Explanation:

The principle of comparative advantage asserts that countries (in this case Mexico) are better off importing certain goods (in this case pork), given that the opportunity cost of importing such goods are less in comparison to the production costs of manufacturing them within the country.

By definition, a country is said to have a comparative advantage over another, when they can produce a certain good or service at a lower marginal or opportunity cost.

6 0

3 years ago

The Timken Company has announced a rights offer to raise $5.1 million. The company's stock currently sells for $34 per share, th

omeli [17]

Answer:

Right price =$33.50

Explanation:

The theoretical ex-right price is the weighted average price at which shares are expected to settle after a right-issue,

It is the weighted average price of value of shares of the before-right price and the right price

Ex-rights price

=(Before-right value of shares + Proceed from rights )/Total number of shares after rights issue

Number of rights issue units = amount to be raised /Right price per share

= $5.1 m/$30 = 170,000 units

Before - rights value = 1,207,000 × $34 = 41,038,000

Proceed from rights = 170,000 × $30 = 5,100,000

The ex-right price = (41,038,000 + 5,100,00)/(1,207,000 +170,000) units

Right price =$33.50

8 0

3 years ago

Tony signed a contract agreeing to purchase a used, high-powered boat for $10,000. Prior to signing the contract, the sales repr

Burka [1]

Answer:

Most definitely, Tony would lose due to the integration clause.

Explanation:

An integration clause requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.

Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.

If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.

4 0

3 years ago

You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $24,000

den301095 [7]

Answer:

$3,286.52

Explanation:

Interest rate per annum = 12.00%

Number of years = 25

Number of compounding per per annum = 1

Interest rate per period (r) = 12.00%

Number of periods (n) = 25

Payment per period (P) = $24,000

PV of $24,000 payments after 20 years = P * [1 - (1/(1+r)^n)]/ r

PV of $24,000 payments after 20 years = 24000*[1-(1/(1+12%)^25]/12%

PV of $24,000 payments after 20 years = $188,235.34

Interest rate per annum = 10.00%

Number of years= 20

Number of payments per per annum = 1

Interest rate per period (r) = 10.00%

Number of periods (n) = 20

Future value of annuity (FVA) = $188,235

Annual contribution (P) = FVA/ ([ (1+r)^n - 1] / r)

Annual contribution (P) = 188235/(((1+10%)^20-1)/10%)

Annual contribution (P) = $3,286.52

5 0

2 years ago

Of the 168 hours in aâ week, as a full timeâ student, you should spend how many hours per week on schoolâ work?

ehidna [41]

Personally I spend about 4 hours on schoolwork (assuming there are no projects).

(4 hours because I'm taking 4 APs)

I spend extra 2-3 hours just reviewing/studying.

The remaining time is used to have fun ;)

4 0

3 years ago

Explain in detail the various of cottage industry.​

Explain in detail the various of cottage industry.