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3 years ago

Which of the following was a result of the invention of the cotton gin?

Business

1 answer:

mina [271]3 years ago

3 0

Answer:

A. It made cotton a major export item.

Explanation:

Cotton gin is machine which is used to separate the cotton seeds from fibres. It is an invention of Eli Whitney, that made separation of seeds from fiber efficient. Due to this invention the exports are boosted because it more efficient and productive method than the traditional method used for the separation of fibres and seeds.

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At its $60 selling price, Atlantic Company has sales of $15,000, variable manufacturing costs of $4,000, fixed manufacturing cos

Kay [80]

Answer:

$28

Explanation:

Step 1:

If a company sells a product at $60 each and makes a sale of $15,000, the number of units of items produced is

$15,000 ÷ $60 = 250 units.

Step 2:

To calculate the company's contribution margin per unit,

we have, (unit selling prices - unit production cost)

unit selling price is #60

unit cost of production is (total cost of prodcution ÷ number of units)

total cost of production is $4,000+ $1,000+ $2,000+ $1,000 = $8000

Unit cost of production is $8000 ÷ 250 = $32

i.e it takes $32 to manufacture 1 product.

Contribution margin = $60 - $32

= $28

∴ the contribution margin is $28.

Cheers.

6 0

3 years ago

People bring their abilities, goals, and experiences to each and every situation, which often changes the situation. Conversely,

kobusy [5.1K]

Answer:

interdependent person and situation factors.

Explanation:

Interpendent person refers to the type of person who realize that each individuals have their own negative and positive attributes, including themselves. This type of person realize that people need to rely on each other in order to cope with the negative attributes that they have.

Situation factors refers to a characteristic that might make a certain situation become unique from another.

Often time, an individual can be effective in handling a certain situation , but extremely inefficient when handling other situation. This happen because they have different abilities/experiences that added to their positive attribute. In order to survive a situation that they can't handle really well, people need to learn to become interdependent person.

7 0

3 years ago

A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,

kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

$\frac{Sales}{Average Inventory} = $Inventory Turnover$

where:

$$$Average Inventory=(Beginning Inventory + Ending Inventory)/2$

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

$\frac{59,000,000}{16,000,000} = 3.6875$

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0

3 years ago

A young couple has $300,000 that they have used to aggressively trade growth stocks. They place their account with a Registered

EastWind [94]

Answer:

the investment advisor should do nothing

Explanation:

In the scenario that is being described, the investment advisor should do nothing. This is because the investment advisor did nothing wrong or illegal, he simply followed the instructions that were strictly provided by the clients, therefore acting in accordance with the customers' wishes. Meaning that he has nothing to fear from the client's being accept because they have no standing to take legal action against the advisor.

7 0

3 years ago

If some activity creates external benefits as well as private benefits, then economic theory suggests that the activity ought to

oee [108]

Answer:

C. Subsidized

Explanation:

According to the economic theory, subsidies could be used to counter market weaknesses and externalities so that greater economic performance is achieved. Subsidy refers to the release of funds from the government to an individual, business, or entity. This results in a decrease in the value of the subsidized product. This support could be either in the form of cash or kind and is usually given to support a social or economic policy. The purpose of the subsidy is to promote the interests of society. It is part of the government 's non-planned expenditure.

7 0

3 years ago