Briefly assess the good and bad news of the current U.S. manufacturing environment.
What will be an ideal response?
The bad news is that many manufacturing jobs have been outsourced to low-wage workers in overseas countries. Manufacturing accounts for only about 8 percent of the current U.S. workforce. Since 2000, five million jobs have been lost, and many of those jobs aren't coming back.
Experts also predict that U.S. employment in the manufacturing sector will continue to decline to about 11 million jobs between now and the
year 2022.4 As further evidence of the decline in U.S. manufacturing, China is now the largest manufacturing nation in the world followed by
the United States which is now number 2.?The good news is that U.S. manufacturers produce approximately 18.6 percent of total global manufacturing output and contribute almost $2.2 trillion to the U.S. economy each year. Also, manufacturing exports are nearly 60 percent of all U.S. exports. Compared to other economic activities,manufacturing has a huge multiplier effect. For every $1 spent in manufacturing, an additional $1.81 is generated in the nation's
economy because of purchases from suppliers and businesses that support manufacturers.
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A company has $650,000 of income before tax for the period. Interest expense is $45,000 . What is the Times interest earned ratio?
a. 16.2 b. 14.44 c. 15.44 d. 16.44 e. None of the answers are correct.
A person who volunteers with no expectation of being paid for her services is a(n):
a. exceptional agent b. gratuitous agent c. agent who has an agency coupled with an interest d. one-time agent e. none of the other choices
What phrase is used to describe the payment made by an investor who holds a short index position?
A) Cash-and-carry B) Lease rate C) Rate of return D) Rent
A sales message that implies that customers who purchase a specific product will save money and time is using intangible benefits as a persuasive tool.
Answer the following statement true (T) or false (F)