In the last few decades the electronics manufacturing sector has found it difficult to compete with electronics from foreign competitors. High labor costs is one of the main reasons economists cite for the lack of competitiveness in the electronics manufacturing industry. If there was modest inflation how could that help the electronics manufacturing industry compete?

Part (a) is relatively straight forward.there are 4 aces in a standard 52-card deck. so the probability that an ace is picked is just 4/52.part (b): note that there are 4 suits in a standard 52-card deck. so picking hearts will be 13/52 or 1/4.part (c): the probability condition or means we need to add the two probabilities because we do not want them simultaneously. so, we end up getting pr(ace) + pr(heart).from part (a), we found that picking an ace had a probability of 4/52, which is reduced down to 1/13.from part (b), we found that picking a heart had a probability of 1/4.so, the probability of an ace or a heart is 1/13 + 1/4 = 4/52 + 13/52 = 17/52.

The accounting entry for raw materials or indirect materials such as glue, etc. requisitioned for use in production is considered as b. work-in-process inventory accounts payable because the material is still in requisition status and has not been bought yet. not yet paid and further not used yet.