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1 year ago

How does the use of new technology in industry benefit producers more so than consumers?

1 answer:

4 0

The use of new technology in industry has benefited producers more so than consumers as, "Producers can transport goods around the world."

With faster decision-making and quick responses, the new technology enables producers to become more competitive in the market. The technology is helping to increase the efficiency of systems, products and services.

With the help of technology, the products which are produced are being marketed and then they are being transported around the world. This way it enables the business to grow rapidly and increases the profits.

Through the use of technology, businesses can research the market. This is extremely useful as it provides businesses with in-depth knowledge about market conditions.

Hence, the use of new technology in industry has benefited producers more so than consumers.

To learn more about the producers and consumers here:

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Answer:

$29,400; $29,400 and $18,400

Explanation:

Value of parcel of land = $69,800 with a basis = $58,800

Harry's basis is equal to cash contributed which is $29,400

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Ron's basis = Basis of parcel of land - Mortgage value

= $58,800 - $40,400

= $18,400

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3 years ago

StuckinMyHouse book company is a boutique shop that produces a small selection of adult coloring books. The first quarter 2020 M

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Answer:

Labour rate variance = $260 favourable

Explanation:

The rate variance would be the difference between the standard labour cost of the 2,300 units sold and the actual labour cost

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The variance is favourable because the StuckinMyHouse book company saved $260 as a result of of his actual cost been less than the expected cost.

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3 years ago

Basic Break-Even Calculations Suppose that Larimer Company sells a product for $24. Unit costs are as follows: Direct materials

kati45 [8]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling price= $24.

Unit costs are as follows:

Direct materials $4.98

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Variable selling and administrative expense 2.00

Total unitary variable cost= $10.08

Total fixed factory overhead= $26,500

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Contribution margin ratio= 13.92 / 24= 0.58

Variable cost ratio= unitary variable cost / selling price

Variable cost ratio= 10.08 / 24= 0.42

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Total fixed selling and administrative expense= (15,260)

Net operating income= 0

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3 years ago

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