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The input for the secondary sector comes from the primary sector. It comprises of all the raw materials that the secondary sector needs to process and produce goods. It generates money for some nations and can be considered "cash crops" because to its importance and worldwide commerce in sustaining the secondary sector, which is growing. This covers forestry, fishing, mining, and agriculture. In contrast, the tertiary sector creates services, while the secondary sector creates manufactured items. In less developed nations, the primary sector is frequently more significant than in industrialized nations.
Thank you,
Eddie
The current account deficit can result from:______
a. unusually low saving.
b. unusually high investment.
c. neither a nor b.
d. a, b, or a combination of a and b.
The current account deficit can result from unusually high investment.
What is investment?The dedication of an asset to achieve a gain in value through time is referred to as investment. Investment necessitates the sacrifice of a current item, such as time, money, or effort. The goal of investing in finance is to earn a return on the invested asset.
Income investing is an investment approach that focuses on constructing an investment portfolio that is expressly designed to provide recurring income. The income investing strategy's main goal is to generate a consistent stream of income.
The type of investor you are and how you should make investments are determined by your investing personality. Your investing personality is essentially your financial risk profile, which considers aspects such as age, financial history, circumstances, and investment aspirations.
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__________ is something valuable that a lender would have a right to________________ if the loan is not repaid
Collateral is something valuable that a lender would have a right to seize and sell if the loan is not repaid.
The purpose of having a lender requires a borrower to pledge collateral in alternative to a loan is to offer the lender something precious that already belongs to the borrower, often property or equipment, which that lender would have a right to capture and promote if the loan isn't repaid.
Collateral is simply an asset, which includes an automobile or home, that a borrower gives up as a manner to qualify for a particular mortgage. Collateral could make a lender greater secure in extending the mortgage since it protects their monetary stake if the borrower in the end fails to pay off the loan in full.
A loan is a type of debt incurred via a person or other entity. The lender—generally a business enterprise, financial group, or authorities—advances an amount of money to the borrower. In return, the borrower has the same opinion of a positive set of terms together with any finance costs, interest, repayment date, and other conditions.
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A company plans to develop iot solutions for both horizontal and vertical markets. what is the major difference in designing solutions for different industries?
The major difference is solutions for a horizontal market industry should meet general needs across the industry, whereas solutions for a vertical market industry should meet the specialized needs of the industry.
A horizontal market is varied such that the goods produced may satisfy the demands of multiple industries. A horizontal market is one in which the output good or service is extensively used and in high demand, posing a low risk to the producers in terms of output demand.
Given that their products are widely used, internal factors rather than external ones influence the profitability of businesses that produce commodities for horizontal markets. The need for pens across all sectors of the economy is an illustration of a horizontal market.
Since pens are utilised in almost every industry, internal decisions and circumstances rather than external events determine the success or failure of pen companies.
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Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of:______.
Chris quit his job at furniture country because he felt he could find a better paying job at wood world. this is an example of Frictional unemployment. The Frictional unemployment results from voluntary changes in the employment within an economy. The Frictional unemployment is a given, even in a growing, stable economy.
Frictional unemployment refers to workers who decide to leave their current jobs in search of new ones and people who are just starting out in the workforce. It excludes employees who hold onto their existing position until they find a new one because, presumably, they are never unemployed.
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During the month, merchandise is sold for $24,000 cash and for $34,200 on account. the cost of merchandise sold is $41,300. What is the amount of gross profit? a.$24,000 b.$16,900 c.$58,200 d.$41,300
The amount of gross profit is $16900.
Gross income is the profit a commercial enterprise makes after subtracting all the fees which are associated with manufacturing and selling its services or products. you can calculate gross profit by using deducting the cost of products bought out of your overall sales.
Gross profit offers perception into how efficient a company is at coping with its production charges, consisting of hard work and supplies, to supply income from the sale of its goods and services. The gross profit for a enterprise is calculated by using subtracting the value of products bought for the accounting period from its overall revenue.
explanation:
merchandise is sold for = $24,000
merchandise is sold for cash = $34,200
The amount of gross profit is = $58200 - $ 41300 = $16900
= $16900
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Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as________.
Using the value-to-book version of the residual income valuation approach, the value-to-book ratio is determined as one plus the present value of future residual ROCE.
Residual income is the earnings an individual has left in spite of everything private debts and prices are paid in personal finance. Residual earnings are the extent used to assist determine the creditworthiness of an ability borrower.
Basically, it's for the amount of cash that is left over after making the important bills. Residual income is a crucial metric because it is one of the figures that banks and lenders observe earlier than approving loans.
In monetary surroundings, residual earnings are the money that someone has left over after their charges are included every month. Passive earnings, but, nevertheless has the identical definition in a financial environment that it does in online commercial enterprise surroundings.
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A_____represents a long-term debt obligation issued by a corporation or a government.
A bond represents a long-term debt obligation issued by a corporation or a government.
Debt obligation method a responsibility to make a repayment of cash to any other man or woman, inclusive of debts payable and the responsibilities springing up beneath promissory notes, payments of trade, and bonds;
A collateralized debt responsibility is a sort of based asset-backed safety. at the beginning advanced as contraptions for the company debt markets but after 2002 CDOs have become cars for refinancing mortgage-backed securities.
Month-to-month Debt obligations approach a purchaser's housing charges, along with month-to-month rent or mortgage fee, and required payments below any debt obligations (which includes the patron's month-to-month charge below the mortgage and insurance for the vehicle to be acquired under the mortgage).
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Under sec release ia-1092, a financial planner would not be considered an investment adviser when:_____.
A financial planner could not be considered a funding adviser while: “completely incidental to the conduct of his commercial enterprise as a broker or provider and who gets no special repayment, therefore”
Further, "recommendation", does not consist of an analysis or document on a monetary product with none express or implied recommendation, steerage, or notion that any specific transaction in appreciate of the product is suitable to the specific investment targets, economic state of affairs, or unique wishes of a patron.
An economic planner allows clients to manage their cutting-edge cash needs and attain their long-time period monetary desires. Their consciousness may be huge or slim. a few help customers with many aspects of their financial lives, including financial savings, investments, coverage, retirement savings, university financial savings, taxes, and property-making plans.
Someone whose task is to propose to humans how to manipulate their monetary preparations: expert monetary planners allows you to make informed choices approximately your economic destiny. She sooner or later studied to come to be an authorized economic planner to assist customers to deal with a vast spectrum of economic issues.
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Allen agrees to paint Carolyn's house for $5,000. Two days after he starts the job, he decides that $5,000 isn't enough money. He refuses to finish the job, unless Carolyn agrees to pay him $1,000 more. Carolyn later refuses to pay the $1,000 and Allen sues. Will he win
No, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
Legal caseAndrew will not will the case in a situation were he sue Carolyn's.
The reason why will not will the case is that Allen has already be obligated to paint Carolyn's house and he gives no extra consideration in return for Carolyn's promise to pay more or additional money.
Therefore based on the given scenario, if Carolyn later refuses to pay the $1,000 and Allen sues. Allen will not win.
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What is meant by the skill-bias technological explanation of increasing inequality?
Inequality has increased because technological progress over the past 40 years has complemented the productivity of skilled workers relative to unskilled workers.
Summary. A change in skilled technology is a change in production technology that favors skilled over unskilled people by increasing relative productivity and thus increasing relative demand.
The influential Skill-Biased Technological Change (SBTC) statement argues that technology will increase demand for skilled workers, allowing them to demand higher wages.
Technological change by factors means that productivity growth varies between countries with different skills and capital levels per worker.
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When recording a sales transaction, would jolly superstore use the 'sales revenue' field or the 'total invoice' field for total revenue?
When recording a sales transaction, the jolly superstore would use the sales revenue field.
Recording sales means to enter information about sales revenue into the accounting records so that it reflects accurate balances in affected accounts. Thus, sales revenue field refers to sales amount excluding the sales taxes.
Sales revenue can be calculated by multiplying the number of products or services sold by the price per unit. This sales revenue amount is realized by a business from the sale of its goods or services.
Hence, the sales revenue field is used by the jolly superstore while recording a sales transaction.
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What should company officers do to prepare for all types of training and instruction?
Record and document training results should company officers do to prepare for all types of training and instruction.
Planning, Organizing, Coordinating, and Directing Public Information and Fire Inspections. Addressing Citizen Complaints. Documentation and delivery of training.
A successful Administrative Officer acts as a point of contact for all staff, providing administrative support and handling their requests. Main duties include managing office inventory, preparing periodic reports (such as expenses and office budgets), and organizing company records.
There are many teaching models, but the most effective is the four-step teaching method. This model is used to create lesson plans and teach lessons and courses. Company executives can use this process for company-level training.
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________ appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
"Informational" appeals help consumers make purchase decisions by offering factual information that encourages consumers to evaluate the brand favorably on the basis of the key benefits it provides.
What is informal appeals?A corporate message typically substitutes data and figures for a main notion. A business message should make sure to properly state any significant dates, locations, times, etc.
The powerful business report can be written as-
Business reports always are formally presented, impartial, and thoroughly researched. If the study focused on a specific issue or analyzes the actual quality of a whole organization, every data must be accurate and reliable.A business report must be objective, therefore stay away from stating to the reader how and where to feel in your descriptions. Let the sales statistics speak for itself, rather than saying something like "Sales were bad last quarter," if last quarter's sales were down. Person pronouns, such as "I believe we should invest that money," should also be avoided. A business report must to be objective and presented from the viewpoint of the company.To know more about parts of a business report, here
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In a small open economy with a fixed exchange rate, if the central bank tries to increase the money supply, then in the new short-run equilibrium?
Income will remain constant in the new short-run equilibrium.
What are small open economies and fixed exchange rates?A small open economy (SOE) is an economy that participates in international trade but is small enough in comparison to its trading partners that its policies have no effect on global prices, interest rates, or revenue.A fixed exchange rate, also known as a pegged exchange rate, is a type of exchange rate regime in which a monetary authority fixes or pegs the value of one currency against the value of another currency, a basket of currencies, or another measure of worth, such as gold.Relation between app open economy and fixed exchange rates:
A fixed exchange rate aids in the easy transfer of funds from one country to another. It aids smaller and developing countries in attracting foreign investment.If the central bank attempts to expand the money supply in a small open economy with a fixed exchange rate, income will remain constant in the new short-run equilibrium.Therefore, income will remain constant in the new short-run equilibrium.
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Standard work defines who, what, when and where work is to be performed.
a. true
b. false
True, Standard work defines who, what, when & where the work is to be performed.
Standard work is a thorough description and documentation of the current most effective way to create a good or service to be performed. It deconstructs current state work into the components and qualities required to comprehend and execute a procedure repeatedly. One of the cornerstones of lean manufacturing is this. Standard work is how you want your employees to perform the task. The primary process steps, operator practices, work locations, equipment or technology employed, production sequencing, safety considerations, and quality checks are just a few examples of the various components that make up standard work. Additionally, it specifies where and how much stock there is in the system.
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Accountants usually define _________ as resources sacrificed to achieve a specific objective. group of answer choices trade money costs liability
Answer is cost.
Cost is a critical topic in project cost management since it is defined as "something given up in return." In addition, accountants often defined cost as a resource surrendered or forsaken in order to attain a given goal. Cost is frequently expressed in currency, generally in the form of a country's currency such as dollars, yens, rupees, and so on.
A cost is the worth of money that has been used up to create something or supply a service and is thus no longer accessible for use in production, research, retail, or accounting. In business, the cost may be one of acquisition, in which case the amount spent to acquire it is accounted for as cost.
Therefore, the answer is cost.
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___________ spending by government was adopted by franklin d. roosevelt during the depression to increase ad and increase output, employment, and income
increased spending by the government was adopted by franklin d. Roosevelt during the depression increased ad and increase output, employment, and income.
Terms of employment are the benefits and obligations to which an employee agrees when accepting a job. Terms include salary, benefits, retirement, company policies, termination, and non-compete obligations.
Employment is an economic activity in which one person works for another. A person employed by another person or company is called an employee. Employees receive wages or salaries.
The term “employment” refers to a state of employment. It is usually the relationship between an employer and an employee. Employment of people varies, some are employed all year round and some are only partially employed.
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Which media selection consideration relates to the percent of target audience exposed to the ad at least once during a specified period
The media selection consideration that relates to the percent of target audience exposed to the ad at least once during a specified period is Reach.
What is an advertisement's reach?The reach of an ad refers to just how much of the audience that it was meant to reach have been reached.
This can further be broken down as the percentage of people that were meant to be reached by an ad that were actually reached. A higher reach means that the advertisement was successful.
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What process involves determining everyone involved in the project or affected by it, and determining the best ways to manage relationships with them?
Identifying stakeholders involves determining everyone involved in the project or affected by it, and determining the best ways to manage relationships with them.
Identifying stakeholders process involves identifying and documenting all the stakeholders on the project, which includes their interests, impact, and potential negative influences on the project. Here, the project charter is he main output of identifying stakeholders process.
Identifying stakeholders involves determining the best ways in order to manage relationships with them. Thus, identifying stakeholders is the first process of the initiating process group which can include top management, project managers, and other functional managers.
Hence, identifying stakeholders is an important process.
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An initial decrease of the ad curve will precipitate an additional _______ due to the multiplier process.
Answer is additional decrease of AD curve.
The aggregate demand curve depicts the total amount of products (and services) demanded by the economy at various price levels.
As aggregate demand components—consumption spending, investment expenditure, government spending, and spending on exports minus imports is increase, the aggregate demand curve, or AD curve, moves to the right. As these components decline, the AD curve will move back to the left.
Since the output falls as the price level rises, and the aggregate demand (AD) curve slopes downward. Changes in the autonomous spending components can cause the AD curve to alter. The government can also adjust the AD curve through policy actions.
Therefore, the answer is decrease of the AD curve due to the multiplier process.
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In a purchases journal, the total of the ________ column is not posted to the general ledger
In a purchases journal, the total of the Office Supplies DR column is not posted to the general ledger.
Office supplies cost is the amount of administrative materials charged to price in a reporting time period. Those items are charged to expense while used; or, if the value of supplies is immaterial, it's far charged to expense whilst the cost is initially incurred.
Office expenses, like workplace elements, are usually recorded as a fee in preference to an asset. Office prices are often intangible and consist of things including janitorial offerings, software subscriptions, office renovation, or even website maintenance.
A journal entry is an act of retaining or making facts of any transactions both financial or non-economic. Transactions are indexed in an accounting journal that indicates a corporation's debit and credit score balances. The journal entry can include numerous recordings, each of that's either a debit or a credit.
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The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves assessing whether the move will:______.
The better-off test for evaluating whether a particular diversification move is likely to generate added value for shareholders involves assessing whether the move will make the company better off because it will produce a greater number of core competencies. This is further explained below.
What are shareholders?Generally, A person, company, or institution that owns shares in a company's stock is considered to be a shareholder in that company. A shareholder in a firm might own as little as one of the company's shares. Shareholders are considered residual claimants on a company's earnings, and as such, they may be entitled to capital gains (or losses) and/or dividend payments.
In conclusion, Assessing whether a specific diversification move is likely to create more value for shareholders requires determining whether or not the move will make the firm better off since it will develop a higher number of core competencies. This is known as the better-off test.
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A product whose eoq is 40 units experiences an increase in the annual holding cost from $10 per unit to $90 per unit. The revised eoq is?
A product whose EOQ is 40 units experiences an increase in the annual holding cost from $10 per unit to $90 per unit. The revised EOQ is nine times as large.
The Economic Order Quantity (EOQ) is the ideal order quantity that a business should purchase to minimize inventory costs such as inventory holding costs, out-of-stock costs, and order costs.
Economic Order Quantity (also known as Economic Purchase Quantity) is the order quantity that minimizes the total storage and ordering costs in inventory management. One of the oldest classic production planning models. Wikipedia
Economic Order Quantity or EOQ, also known as "Optimal Lot Size", is designed to help businesses determine the optimal order quantity to minimize logistics costs, storage space, shortages, and excess inventory costs calculated. The formula is: EOQ = [2(setup cost)(demand rate)] / square root of holding cost.
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What general tax shifting methods may businesses use to respond to a tax increase?
What happens when taxes increase?
Government taxation has an impact on the amount of disposable income available to households (after-tax income). Due to the money being taken from households, a tax hike will reduce disposable income. As a result of households having more money, a tax reduction will enhance discretionary income.
What happens to consumer spending when taxes increase?
In the first place, consumers are more likely to increase their spending if the change in tax liabilities is long-term. Second, until a tax adjustment has an impact on their take-home income, customers won't boost their spending.
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Clarissa's boss asked her to determine if their company is operating with too many borrowed funds. which ratio will clarissa utilize to help her with her decision?
The leverage ratio will Clarissa utilized to help her with her decision.
A leverage ratio is any one of numerous economic measurements that look at how lots of capital comes within the shape of debt (loans) or assesses the ability of an organization to satisfy its economic duties.
A financial leverage ratio of less than 1 is commonly taken into consideration true by means of industry requirements. A leverage ratio higher than 1 can purpose an agency to be considered volatile funding by using creditors and ability investors, while a monetary leverage ratio better than 2 is the purpose for challenge.
A leverage ratio is any one of numerous economic measurements that assesses the potential of an enterprise to meet its economic responsibilities. A leverage ratio will also be used to measure an employer's blend of running expenses to get a concept of ways changes in output will have an effect on working income.
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The leverage ratio will Clarissa utilized to help her with her decision.
A leverage ratio is any one of numerous economic measurements that look at how lots of capital comes within the shape of debt (loans) or assesses the ability of an organization to satisfy its economic duties.
A financial leverage ratio of less than 1 is commonly taken into consideration true by means of industry requirements. A leverage ratio higher than 1 can purpose an agency to be considered volatile funding by using creditors and ability investors, while a monetary leverage ratio better than 2 is the purpose for challenge.
A leverage ratio is any one of numerous economic measurements that assesses the potential of an enterprise to meet its economic responsibilities. A leverage ratio will also be used to measure an employer's blend of running expenses to get a concept of ways changes in output will have an effect on working income.
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What is the velocity of money in this economy?
The Money exchange rates in an economy are gauged by the concept of velocity of money. GDP is divided by the money supply using the velocity of money equation. The velocity of money formula calculates how frequently one unit of the money supply is exchanged for goods and services within an economy.
The rate at which money in circulation is spent on goods and services can be determined by looking at the velocity of money. Investors and economists use it to assess the strength and vitality of an economy. A healthy, growing economy is typically correlated with high money velocity.
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A bank’s reserve ratio is 10 percent and the bank has $5,000 in deposits. Its reserves amount to?
The reserves amount is $500.
What are reserves amount?
The reserves amount means the portion of deposits the bank has received from customers that it must hold on to and not give out as loans to its borrowers, it is usually a percentage of the deposits made by the bank as it is 10% of total bank's deposits in this case.
The reserves amount is mandatory cash the bank must keep as required by the supervisory bank such as the central banks.
It is compulsory, so as to make provisions for unexpected withdrawal requests that depositors could make so as to avoid a situation the bank runs out of cash , where cash is non-available to meet the requests of depositors for funds kept with the bank.
reserves amount=reserve %*deposits
reserve ratio=10%
deposits=$5,000
reserves amount=10%*$5,000
reserves amount=$500
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For countries participating in a regional trading agreement, what makes this type of agreement significant to the countries involved?
For countries participating in a regional trading agreement, the type of agreement signed by the countries involved is to eliminate barriers to the movement of labor, goods, and capital across those countries involved in it.
A pact that is signed by two or more nations to promote the unrestricted flow of goods and services across their boundaries is referred to as a regional trading agreement.
The pact includes internal regulations that the member nations abide by among themselves. There are external regulations in place that the members abide by when interacting with non-member nations.
Trade agreements provide benefits to member nations, primarily in the form of increased job possibilities, decreased unemployment rates, and expanded market prospects.
Additionally, because investment guarantees are frequently included in trade agreements, investors who want to put money into developing nations are shielded from political risk.
Businesses in member nations have more incentives to expand into new markets because of the favorable trading circumstances brought about by the policies adopted.
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Katrina and shannon form a general partnership to operate a gourmet kitchen business. in most states, if they do not specify their respective management rights:___.
The answer is both the partners will have equal management rights.
Unless otherwise agreed, the partners of a partnership have equal managerial rights in the management of its affairs. Partnerships are often created by a group of partners who share administrative rights and responsibilities as well as profit distribution.
Until otherwise agreed, the partners of a partnership have equal managerial rights in the management of its affairs. Partnerships are often created by a group of partners who share administrative rights and responsibilities as well as profit distribution. Limited partners, on the other hand, are just investors who put money into the partnership business but have no say in how it operates. They have no say in the company's management or functioning.
Therefore, the answer is equal management rights.
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Alpha company bought 75 units of inventory for $4 each and 25 units of inventory for $5 each. alpha's weighted average cost per unit is ______.
a) $4
b) $5
c) $4.25
d) $4.50
The correct answer is c) $4.25.
[tex]\frac{(75*4)+(25*5)}{75+25}[/tex]= 4.25
InventoryThe term "inventory" refers to both the raw materials utilized in production and the finished products that are offered for sale. Because the turnover of an organization's inventory is one of the main sources of revenue generation and, consequently, profitability for the firm's shareholders, it is one of the most significant assets a company has. Finished commodities, work-in-progress, and raw materials are the three different categories of inventory. A company's balance sheet classifies it as a current asset. Any company's inventory is a crucial asset. It is described as the assortment of raw materials or completed products kept on hand by a corporation for the regular conduct of business.
Alpha company bought 75 units of inventory for $4 each and 25 units of inventory for $5 each. alpha's weighted average cost per unit is ______.
a) $4
b) $5
c) $4.25
d) $4.50
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