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stealth61 [152]
3 years ago
5

The program that sought to streamline production and boost profits by systematically controlling costs and work practices was ca

lled Group of answer choices the school of freedom. Fordism. scientific management. the assembly line.
Business
1 answer:
Zarrin [17]3 years ago
6 0

Answer:

The program that sought to streamline production and boost profits by systematically controlling costs and work practices was called scientific management.

Explanation:

Scientific management is the term for a method of planning production developed during industrialization. It states that industrial products must be characterized by scientifically designed methods, and that all thought work is moved from the workshop floor to various planning departments. According to Frederick Taylor (the creator of this system), the best management is one that is based on the right science, otherwise production can become inefficient, which in turn leads to financial loss. The main goal of management in companies is to ensure optimal prosperity for both employer and employee. The streamlining of mass production in the 20th century, such as assembly line production in industry, was strongly influenced by Taylor's thinking.

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Tang Company accumulates the following data concerning raw materials in making its finished product: (1) Price per pound of raw
Nataly_w [17]

Answer and Explanation:

The computation is shown below:

(a) Standard direct materials price per pound of raw materials is

= Purchase price + freight in + receiving and handling

= $3 + $0.50 + $0.20

= $3.70

(b) Standard direct materials quantity per gallon is

= Required material + allowance for waste and spoilage

= 3.50 pounds + 0.80 pounds

= 4.30 pounds

(c) Total Standard direct materials cost per gallon is

= Standard direct materials price per pound of raw materials × Standard direct materials quantity per gallon

= $3.70 × 4.30 pounds

= $15.91

We simply applied the above formulas

6 0
4 years ago
Bob, a merchant, makes an offer to Linda, another merchant, to buy 1,000 of her widgets in a signed letter containing all necess
Orlov [11]

Answer:

a. Linda's acceptance is effective and a contract is created.

Explanation:

A contract is created when there is an offer and acceptance of a transaction. When the contract is created it is enforceable and not revocable unless with the consent of parties involved.

Bob made an offer to Linda to buy her 1,000 of her widgets. The offer is open for 3 weeks and Linda accepted the offer within one week.

Although Bob tried to revoke the offer, since Linda has accepted it the contract is created and enforceable on Bob.

3 0
3 years ago
Your mutual fund was valued at $237,500. It has lost 6% per year for the last 3 years. What is its value today?
BartSMP [9]

Answer:

$197,263.7

Explanation:

The current value can be found by use of the compound interest formula. Since the asset has been losing value at 6 % per year,

the interest rate will be -6%

The formula for compound interest is  FV = PV × (1+r)^n

in this case

FV= current value

PV= $237,500

r= -6% or -0.06%

n= 3 years

Fv= $237, 500 x ( 1 + (-0.06)^3

Fv=$237,500 x (0.94)^3

Fv= $237,500 x 0.830584

Fv= $197,263.7

The current value =$197,263.7

5 0
3 years ago
After working for 25 years as personal fitness trainers while raising their​ kids, three sisters cashed in a total of ​$80 c
faust18 [17]
Let’s look at the facts,

Original Investment: $80,000
Income: $150,000/ year
Salary: $105,000
New space: $22,000

Income: $150000
- Salary: $105000
- New Space: $22000
======================
Profit: $23000/ year
After 3 years they would have made, $69,000

Now had they left the original $80000 invested @ a rate of 15% annually (assuming its compounded), after 3 years they would have $121,670

So economically speaking, they didn’t make the right choice



5 0
3 years ago
Define present value.
Igoryamba

Answer:

The present value is the value today of a sum of money to be received in the future and in general is less than the future value.

Explanation:

The formula to compute the present value is shown below:

Future value = Present value × (1 + interest rate)^number of years

or Present value = Future value ÷  (1 + interest rate)^number of years

Let us take an example

Present value = $2,750

Rate = 5.25% ÷ 2 = 2.625%

Number of years = 1 year × 2 = 2 years

So, the future value

= $2,750 × (1 + 2.625%)^2

= $2,750 × 1.0531890625  

= $2,896.27

It is done on semi annual basis. As we can see that the present value is less than the future value

3 0
3 years ago
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