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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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Mr. Rich arranged for a mortgage loan for 65 percent of the $2.5 million purchase price of a home. The monthly payment will be $

olga2289 [7]

Answer:

Effective annual rate = 6.82 %

Explanation:

given data

loan = 65 % of $2.5 million = $1625000

monthly payment pmt = $10,400

time = 30 year = 30 × 12 = 360

solution

we get here rate first by present value

present value = pmt × $\frac{1-(1+r)^{-t}}{r}$ ..........1

$1625000 = $10400 × $\frac{1-(1+r)^{-360}}{r}$

15.625 = $\frac{1-(1+r)^{-360}}{r}$

solve it we get

r = 0.5517%

and Effective annual rate will be

Effective annual rate = $(1+r)^{12} -1$

Effective annual rate = $(1+0.005517)^{12} -1$

Effective annual rate = 0.068250

Effective annual rate = 6.82 %

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2 years ago

The Phelan Division produces and sells a product to external and internal customers. Per-unit information about its operations i

ioda

Answer:

The answer is $250

Explanation:

Solution

From the example given, we are asked to find the internal transfer price of Phelan's product.

So, if Phelan is operating at capacity or speed and has unlimited external customer demand then the transfer price for Phelan's product is $250 as it has huge demand from customers

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2 years ago

Mark Achin sells 3,600 electric motors each year. The cost of these is $200 each, and demand is constant throughout the year. Th

netineya [11]

Answer:

A) 100

Explanation:

total sales 3,600 units

cost per unit $200

cost of placing order $40

holding cost $20 per year

working days 360 per year

lead time 5 days

If Mark orders 200 units each time, his average inventory ?

daily sales = total sales / working days = 3,600 / 360 = 10 units per day

number of orders per year = 3,600 / 200 = 18

Mark places one order every = 360 days / 18 orders = 20 days

average inventory = (200 units / 20 days) x 10 days = 100

I assume that mark has some type of safety stock that allows him to hold enough inventory to cover for the 5 day lead time.

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2 years ago

Based on a predicted level of production and sales of 21,000 units, a company anticipates total variable costs of $105,000, fixe

tresset_1 [31]

Answer:

The budgeted amount of fixed costs for 19,000 units is $155,800

Explanation:

According to the Given Scenario the Following are Computation to find out the budgeted amount of fixed costs for 19,000 units.

$Current Contribution Margin = \frac{Fixed Cost + Operating Income}{No of Unit Sold}$

Current Contribution Margin =$25,200 + $147,000/21,000

Current Contribution Margin = $172,200/21,000

Current Contribution Margin = $8.2 per Unit

The Contribution Margin for 19,000 units = $8.2 × 19,000

The Contribution Margin for 19,000 units = $155,800

Therefore, The budgeted amount of fixed costs for 19,000 units is $155,800

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Answer:

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