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dlinn [17]
3 years ago
15

1. What was Karl Marx’s basic premise and belief?

Business
1 answer:
Savatey [412]3 years ago
7 0
Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: <span>a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.</span>
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Dazzle, Inc. produces beads for jewelry making use. The following information summarizes production operations for June. The jou
Romashka [77]

Answer:

Amount of Factory Overhead = 254,340

Explanation:

Computation of overhead:

Amount of Factory Overhead = 157% of Direct labor used

Amount of Factory Overhead = 157% (162,000)

Amount of Factory Overhead = 254,340

Journal entry.

Account title and explanation        Debit Credit

Work in Process Inventory                $254,340  

Factory Overhead                                     $254,340

6 0
3 years ago
A company reports accounting data in its financial statements. This data is used for financial analyses that provide insights in
stich3 [128]

Answer:

<h2>First Part</h2>

1. True

Liquidity ratios such as the Current ratio are used to show that a company can cover its short-term obligations.

2. True

Asset management ratios juxtapose a company's performance vs its long term assets and so provide insights into management's efficiency.

3. False

Debt management ratios show how much of the company is funded by total debt not whether it has sufficient cash to repay its short- term debt obligations.

4. True

Profitability ratios take into account how much income is raised by a company so when this increases, the ratios will as well.

5. True

Market-Value ratios show the firm's value in the market which is a reflection of what investors and the markets think about the firm's growth prospects or current and future operational performance.

<h2>Second Part</h2>

The Weakness/ Limitations are;

a. A firm may operate in multiple industries.

Should this be the case, the company's performance in one sector cannot necessarily be compared to companies that operate in that single sector because it would not take into account the company's other sectors which may impact figures.

c. Different firms may use different accounting practices.

When different accounting practices are used, ratio analysis may not be a true indication of the situations in the company. For instance, a company using LIFO cannot be effectively compared to a company using FIFO when using ratio analysis.

6 0
3 years ago
Your hypothesis is that "Quarterly maintenance of plant machinery will reduce the number of product defects except when worker r
atroni [7]

Answer:

Independent

Explanation:

4 0
3 years ago
About what percentage of land in the United States is privately owned by citizens, corporations and nonprofit organizations?
AleksAgata [21]

Answer:

Approximately 60% of total US land is owned by private individuals, corporations and nonprofit organizations, while the remaining 40% is owned by American Indians, and federal, state and local governments.

The vast majority of privately owned land is held by farmers, ranchers and forest owners (57% of total), while nearly 80 million urban landowners account for 2% of the total.

The federal government owns approximately 33% of all the US land.  

5 0
3 years ago
Amanda's Interior Design has credit sales of $783,000, costs of goods sold of $418,000, and average accounts receivable of $107,
posledela

Answer:

The 50.30 days are required to take its credit customers to pay for their purchases.

Explanation:

For computing the average collection period, we have to use the formula of the average collection period.

Average collection period = Average accounts receivable ÷ Credit sales × total number of days in a year

= $107,900 ÷ $783,000 × 365

= 0.13780 × 365

= 50.30 days

We assume 365 days in a year

The cost of goods sold is irrelevant. Thus, it is not considered in the computation part.

Hence, 50.30 days are required to take its credit customers to pay for their purchases.

5 0
3 years ago
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