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2 years ago

At its height, what percentage of american workers were employed in an automotive-related industry?

2 answers:

7 0

The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.

Luda [366]2 years ago

6 0

Answer:

The percentage of American workers are 20 percent

Explanation:

The Automotive industry deals with the manufacture, repairs and maintenance of automobiles of all type and shapes. in this ind of industry the workers needed are usually highly skilled workers who can assemble and maintain automobiles Engines, the electrical section of the Automobile and also the other mechanical parts that make up the automobile.

At the height of the Automotive industry about 20 % of American workers were directly or indirectly employed to work in this industry in one way or the other although the percentage was reasonable but didn't encompass the vast majority of American workers because of the level of skills required by the industry.

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Which of the following is a nonmanufacturing business where process costing would most likely be used? An auto body shop. A furn

solmaris [256]

All of them are the non-manufacturing business where process costing would most likely be used.

Explanation:

All are non-manufacturing business which are as follows,

An auto body shop.
A furniture repair shop.
A laboratory that tests water samples for lead A tailoring shop.
A beauty shop.
Non-manufacturing business costs refers to those business where it is incurred outside the factory or production unit
Non-manufacturing costs includes,
selling expenses
general expenses
Selling Expenses
It is also called as selling and distribution expenses.
Non-manufacturing expenses have no impact on the production cost of the company due to their period costs.

7 0

2 years ago

Mainline Produce Corporation acquired all the outstanding common stock of Iceberg Lettuce Corporation for $38,000,000 in cash. T

LenaWriter [7]

Answer: The Goodwill is $7,000,000

Explanation:

Purchase price. 38,000,000

Less:

Fair value of asset 48,000,000

Less: Fair value of liabilities 17,000,000

-----------------------

Fair value of net Asset. 31,000,000

---------------------

Goodwill. 7,000,000

-------------------------

Workings

Fair value of Asset = Current Asset + Property, plant and equipment + Other asset

= 14,800,000 + 30,000,000 + 3,200,000

= 48,000,000

Fair value of Liabilities = Current Liability + Long term Liability

= 6,600,000 + 10,400,000

= 17,000,000

8 0

2 years ago

Read 2 more answers

Management's philosophy at Nike has often been that a fit body contributes to more productivity at work. Nike provides exercise

algol13

Answer:

Corporate policy

Explanation:

Corporate policy is a set of procedures recommendations that is based on the analysis of internal and external factors that will benefit the organization to cope up with problems and avoid an adverse outcomes.

The reason is that the company wants to increase the productivity of its labor which will help them to control cost by encouraging its employee to exercise daily. This act was not oriented towards to benefit employee, it was purely for the increase in productivity. So this serious position on fitness is its part od corporate policy.

7 0

2 years ago

If a firm has high current and quick ratios, this always is a good indication that a firm is managing its liquidity position wel

ohaa [14]

Answer:

True

Explanation:

Current and Quick ratio shows the liquidity position of the company. It shows that how much assets are available to company to pay off its liabilities if it becomes due in short period of time. High current and quick ratio make the company strong and it will have enough asset to deal with its obligation than with low current and quick ratio.

4 0

2 years ago

The company's total assets are $40,000. The following is a listing of the company’s accounts and account balances as of December

galina1969 [7]

Answer:

Determine the balance of the Cash account.

$3,800 Cash

Explanation:

As the total assets it's $40,000 by difference it's possible to find the total balance of cash account.

There are 3 accounts which belongs to the asset part, Accounts Receivable, Supplies and Equipment, by difference with the total balance of Assets it's possible to find the balance of Cash.

$40,000 TOTAL ASSETS

Minus

-$8,000 Accounts Receivable

-$2,000 Supplies

-$26,200 Equipment

$3,800 Cash

December 31, Year 3

$3,800 Cash

$8,000 Accounts Receivable

$2,000 Supplies

$13,800 TOTAL CURRENT ASSETS

$26,200 Equipment

$26,200 TOTAL NONCURRENT ASSETS

$40,000 TOTAL ASSETS

$8,000 Accounts Payable

$0,000 Income Tax Payable

$8,000 TOTAL CURRENT LIABILITIES

$8,000 TOTAL LIABILITIES

$17,000 Retained Earnings

$15,000 Common Stock

$32,000 TOTAL EQUITY

$40,000 TOTAL EQUITY + LIABILITIES

7 0

2 years ago