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Art [367]
1 year ago
9

Choose all the scenarios below that would cause a decrease in the supply of labor in the agricultural industry.

Business
1 answer:
Alika [10]1 year ago
7 0

Answer:

  • b. As the population in the United States ages, fewer workers have the physical ability to work in the industry.
  • d. Due to global warming, working conditions on farms have become undesirable for more and more people.
  • e. The adoption of strict immigration laws reduces the number of legal and illegal immigrants in the United States.
  • h. New machinery is replacing workers in the harvesting of crops.

Explanation:

With workers getting older and being unable to be as productive as they used to be, they will have to drop out of industries that require physical strength including farming. This will therefore reduce people working in agriculture.

With global warming having made working in the fields much more harsh, people are avoiding careers that would keep them outdoors including farming which has led to a drop in the labor supply for agriculture.

A significant portion of workers in agriculture are immigrants so when immigration laws limit the number of immigrants coming in, labor supply in agriculture will reduce.

New machinery reduces the need for workers in agriculture so the more they are bought, the less workers are needed. This will therefore directly reduce the number of people working in agriculture.

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A manufacturer develops bud­gets for the direct materials, direct labor, and overhead that will be required in the produc­tion p
monitta

Answer:

The production budget.

Explanation:

The production budget determines how many units are to be produced during a particular period. It also focuses on how many cost is incurred. The cost could be direct material, direct labor, and manufacturing overhead.  

These three cost is known as manufacturing overhead cost. These costs are required for processing the product so that the company could know about how much cost is an expense and how much units are to be produced till yet.

5 0
1 year ago
Abbey Corporation paid $450 for an advertisement that appeared in last Sunday’s Kansas City Star. How does this transaction impa
PolarNik [594]

Answer:

The correct answer is: Cash outflow in the operating section.

Explanation:

The statement of cash flows is the basic financial statement that shows the cash generated and used in the operation, investment and financing activities. The change of the different items in the Balance Sheet that affect cash must be determined for its implementation.

The purpose of the statement of cash flows has to do with informing the generation and use of cash and cash equivalents in relation to operation, financing and investment activities.

The objective of this statement is to present pertinent and concise information, relating to cash collections and disbursements of an economic entity during a period so that users of financial statements have additional elements to examine the entity's ability to generate future cash flows. effective, to assess the ability to meet its obligations, determine internal and external financing, analyze the changes presented in cash, and establish the differences between net income and collections and disbursements.

4 0
2 years ago
Grant Company gathered the following reconciling information in preparing its July bank reconciliation: Cash balance per books,
ddd [48]

Answer:

a. $4,160.

Explanation:

The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.

These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.

The adjusted cash book balance is one that contains the necessary adjustments to transactions captured in the bank statement but yet to be recorded in the books.

The adjusting items are

  • Notes receivable and interest collected by bank 850
  • Bank charge for check printing 20
  • NSF check 170

Hence the adjusted cash balance

= $3500 + $850 - $20 - $170

= $4,160

6 0
2 years ago
Galla Inc. needs to determine a price for a new product. Galla desires a 25% markup on the total cost of the product. Galla expe
attashe74 [19]

Answer:

Galla should charge $47

Explanation:

Data provided in the question:

Desired markup = 25% of the total cost

Units to be sold = 5,000

Variable product cost per unit = $15

Variable administrative cost per unit = 10

Total fixed overhead = $45,000

Total fixed administrative = $18,000

Now,

Total variable cost

= Variable product cost per unit × Number of units to be sold

= $15 × 5,000

= $75,000

Total variable administrative cost

= Variable administrative cost per unit × Number of units to be sold

= $10 × 5,000

= $50,000

Therefore,

Total cost

= Total variable cost  + Total variable administrative cost + Total fixed overhead + Total fixed administrative

= $75,000 + $50,000 + $45,000 + $18,000

= $188,000

Thus,

Price per unit = Total cost ÷ Number of units to be sold

= $188,000 ÷ 5,000

= $37.6

Price after markup = Price per unit + 25% of price per unit

= $37.6 + ( 0.25 × $37.6 )

= $37.6 + $9.4

= $47

Hence,

Galla should charge $47

4 0
1 year ago
Exercise C The marketing department of Specialty Coffees estimates the following monthly demand for espresso in these four price
SIZIF [17.4K]

Answer:

It should price the espresso at $1.25

Explanation:

\left[\begin{array}{ccccc}&D1&D2&D3&D4\\$Sales Price&1&1.25&1.5&1.75\\$Variable Cost&0.25&0.25&0.25&0.25\\$Margin&0.75&1&1.25&1.5\\$Quantity&9,000&8,000&6,000&4,000\\$Contribution&6,750&8,000&7500&6,000\\$Fixed Cost&3,000&3,000&3,000&3,000\\$Income&3,750&5,000&4,500&3,000\\\end{array}\right]

The best Income is generated at the price of 1.25 dollar

Therefore, this is the amount to Specialty Coffees set for espresso.

6 0
1 year ago
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