The model shows that households earn money when <u>Firms </u>purchase <u>Factors </u>in factor markets.
<h3>Interaction between the Household and a Firm </h3>
- Households buy goods from firms thereby passing income to firms.
- Firms buy labor from households.
Households therefore earn an income when firms decide to go to the factor market and buy a factor such as labor from households.
In conclusions, households and firms are interconnected.
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EPS = $1.44 (after rounding off)
<u>Explanation:</u>
<u>The calculation of Earnings per share is as follows:
</u>
Particulars Amount
Earnings before interest and tax = 71325
Less: amount of interest = 0
Earnings before tax = $71325
Less : the amount of tax ( 34 percent) = 2425.05
Net income = $47074.5
The number of shares given = 32,800
The formula of calculating the earning per share is = Net income divided by the number of the shares of a company
Thus, EPS = $47074.5 divided by 32,800 = $1.44 (rounded oof)
Answer:
Each of the process are used to the crosses organizational borders.
Explanation:
Process structure of manufacturing:
- Job process: It is highly adaptable, scaled operation and structured around particular events.
- Batch process: It most common used in industries. It is small to large batches.
- Line process: It is the repetitive process and have modular production with large quantity.
- Continuous flow chart: It is product focused process. It processed only one item at a time.
Process design: There are three major process of design
- Professional service design
- Mass service design
- Service shop design
c. an increase in the amount of goods and services produced per head of the population over a period of time.