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soldi70 [24.7K]
3 years ago
11

According to Brynjolfsson and McAfee (2014), Tyler Cowen think that information and communication technology is not a general pu

rpose technology because it does not contribute to the generation of revenue. a. True b. False
Business
1 answer:
Elena L [17]3 years ago
8 0

Answer:

False

Explanation:

According to these philosophers, these integrated systems have lowered the cost of the products and this lower cost has enabled companies to quote lower prices to win greater revenues from increased number of sales.

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Which of the following is an advantage of being an entrepreneur in the consumer service industry?
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C is the answer for this question....

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Who is better off: a person using credit cards or a person refraining from any loans?
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Which of the following statements are false?
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3 years ago
Data concerning Dorazio Corporation's single product appear below:
Reika [66]

Answer:

30600 less 25 000 = 5600

increase in net income

Explanation

                                               1400 units                                               1000 units

sales                                       224 000                                                  160 000  

(1400*160) (1000*160)                                                                          

variable costs                   (106 400)                                                    (48 000)

(1400*76) (1000*48)                                                      

contribution margin            117 600                                                     112 000                          

fixed costs                             (87 000)                                                  (87 000)                                              

net operating income            30 600                                                   25000                              

6 0
3 years ago
LeMay Department Store uses the retail inventory method to estimate ending inventory for its monthly financial statements. The f
Nutka1998 [239]

Answer:

Cost to retail ratio = 57.05%

Explanation:

Particulars                                                               Cost       Retail

Beginning Inventory                                            $46,000    $66,000

Add: Purchases                                                    $213,000   $406,000

Less: Purchases Return                                       $7,000       $9,000

Freight In                                                               $15,558          -

Net Markups                                                               -             $6,400

Good Avail. for Sales (Without markdowns)   $267,558   $469,000

Cost to retail ratio = $267,558/$469,000

Cost to retail ratio = 0.570486

Cost to retail ratio = 57.05%

6 0
3 years ago
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