All categories

2 years ago

Name some modern industries which were in operation in our country at the time of independence.

1 answer:

monitta2 years ago

6 0

Some modern industries which were in operation in our country at the time of independence were Iron and Steel Company (TISCO), Sugar, Cement, Chemical and paper industries.

<h3>What is independence?</h3>

Independence refers to the act of getting free from controlling of the dominating or ruling parties.

Iron and Steel Company (TISCO), Sugar, Cement, Chemical, and Paper industries were among the modern businesses operating in our nation at the time of independence. These industries were growing at that time.

Therefore, it can be concluded that Sugar, Cement, Chemical and paper industries existed before independence.

Learn more about Independence here:

brainly.com/question/27765350

#SPJ4

You might be interested in

Valotic Tech Inc. sells electronics over the Internet. The Consumer Products Division is organized as a cost center. The budget

Tcecarenko [31]

Answer:

Total Over budget = $112370

Total Under Budget= $ 56062

Explanation:

Valotic Tech Inc.

Budget Performance Report—Director, Consumer Products Division

For the Month Ended January 31, 2016

Budget Actual (Over) Under Budget

Customer service salaries $546,840 $602,350 (55,510)

Insurance & property taxes 114,660 110,240 4420

Distribution salaries 872,340 861,200 11,140

Marketing salaries 1,028,370 1,085,230 (56,860)

Engineer salaries 836,850 820,008 16842

Warehouse wages 586,110 562,632 23478

Equipment depreciation 183,792 183,610 182

Total $4,168,962 $4,225,270 (56308)

Total Over budget = $112370

Total Under Budget= $ 56062

Over budget means that the amount is spent more than the amount budgeted.

The Customer service salaries and Marketing salaries are over budgeted and the the director is expected to request supplemental reports of these to analyze where the amount has been overspent.

4 0

4 years ago

Trapp Company reported net income of $110,000 for 2019 and paid dividends of $60,000 on November 1, 2019. Grape Company owns 15%

MArishka [77]

Answer:

$9,000

Explanation:

Given that,

Trapp Company reported,

Net income for 2019 = $110,000

Dividends paid on November 1, 2019 = $60,000

Grape Company owns 15% of the common stock of Trapp.

Using a fair-value method,

Therefore,

Income earned by Grape company is as follows:

= 15% of the total amount of dividend paid

= 0.15 × $60,000

= $9,000

6 0

3 years ago

Vijay Company reports the following information regarding its production costs. Direct materials $9.60 per unit Direct labor $19

solong [7]

Answer:

Unitary cost= $46.4 per unit

Explanation:

Giving the following information:

Direct materials $9.60 per unit

Direct labor $19.60 per unit

Overhead costs for the year:

Variable overhead $9.60 per unit

Fixed overhead $121,600

Units produced 16,000 units

Under absorption costing, the fixed overhead is allocated to the cost of the product. Therefore, we need to calculate the unitary fixed overhead.

Unitary fixed overhead= 121,600/16,000= $7.6

Now, we can calculate the unitary cost of production:

Unitary cost= direct material + direct labor + total overhead

Unitary cost= 9.6 + 19.6 + 9.6 + 7.6= $46.4 per unit

6 0

3 years ago

Consider the market for mobile applications, smartphones, and conventional phones. Each pair are they complements or substitutes

madam [21]

Explanation:

Complements and Substitutes are basically the goods or services. Complements are the goods which are used with one another, and with the increase of price of one good, the demand of other good falls. On the other hand, substitutes are the goods which are used in place of other goods and with the increase in the price of one good, the demand of other product increases.

In this question, Mobile Applications and Smart Phones are Complements, and Smart Phones and Conventional Phones are Substitutes, and Mobile Applications and Conventional Phones are substitutes.

5 0

3 years ago

An initial decreasedecrease in a bank's reserves will decreasedecrease checkable deposits A. by an amount less than the decreas

svlad2 [7]

Answer:

The correct answer is B

Explanation:

Bank reserve is the minimum cash which is required to kept on hand through the financial institutions so that could meet the requirements of central bank.

Checkable deposits is a kind of any demand deposit account in anticipation of the checks or the drafts in any form which will be written. In short, it means that the owner of the account could withdraw funds on demand.

So, if the primary decrease in bank reserve will also decrease the checkable deposit as there would be no cash with bank to provide to customers by the amount that is greater than the decrease in the reserve.

8 0

3 years ago