Why is manufacturing industries considered backbone five examples?
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Manufacturing sector is considered as backbone of development because :-
☆ They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors
☆Industrial development is a precondition for eradication of unemployment and poverty from our country.
☆They helps in export of manufactured goods which expands trade and commerce
☆They have given a major boost to agriculture by raising it's productivity
☆They are good indicators of country's development.
☆ They reduce the heavy dependence of people on agricultural income by providing them jobs in secondary and tertiary sectors
☆Industrial development is a precondition for eradication of unemployment and poverty from our country.
☆They helps in export of manufactured goods which expands trade and commerce
☆They have given a major boost to agriculture by raising it's productivity
☆They are good indicators of country's development.
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The annual figures of Alpha Ltd are as follows:
(i) Sales at home, at 1 month credit Rs. 12,00,000.
(ii) Export at 3 months credit, S.P. 10% below the home price Rs. 5,40,000.
(iii) Materials used, suppliers extend 2 months credit Rs. 4,50,000.
(iv) Wages paid, half month in arreas Rs. 3,60,000.
(v) Manufacturing expenses, paid one month in arreas Rs. 5,40,000.
(vi) Depreciation on fixed assets Rs. 60,000.
(vii) Administrative expenses, paid one month in arrear Rs. 1,20,000.
(viii) Sales promotion expenses, payable quarterly in advance Rs. 60,000.
Alpha Ltd. sells goods in the domestic market on a gross profit of 25%. It keeps one
month stock of raw materials as well as finished product and believes in keeping Rs.
1,00,000 available to it. You are required to calculate the working capital requirement of
the company, assuming 15% safety margin.
(i) Sales at home, at 1 month credit Rs. 12,00,000.
(ii) Export at 3 months credit, S.P. 10% below the home price Rs. 5,40,000.
(iii) Materials used, suppliers extend 2 months credit Rs. 4,50,000.
(iv) Wages paid, half month in arreas Rs. 3,60,000.
(v) Manufacturing expenses, paid one month in arreas Rs. 5,40,000.
(vi) Depreciation on fixed assets Rs. 60,000.
(vii) Administrative expenses, paid one month in arrear Rs. 1,20,000.
(viii) Sales promotion expenses, payable quarterly in advance Rs. 60,000.
Alpha Ltd. sells goods in the domestic market on a gross profit of 25%. It keeps one
month stock of raw materials as well as finished product and believes in keeping Rs.
1,00,000 available to it. You are required to calculate the working capital requirement of
the company, assuming 15% safety margin.
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