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marysya [2.9K]
4 years ago
15

The amount of cost cutting technical innovation introduced into a production process is a function of ?

Business
1 answer:
GalinKa [24]4 years ago
7 0

Answer:

It is a function of Technology

Explanation:

Cost cutting technological innovation is always seen as a new way of maximising profits in production and also minimising the overall cost of production.

This is possible through introduction of policies that take advantage of advancements in technology.

It entails the substitution of a less expensive alternative, developed for a given task, in an essentially unaltered product.

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Jessica is experiencing sexism from her coworkers.
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4 years ago
Anchor Company purchased a manufacturing machine with a list price of $94,000 and received a 2% cash discount on the purchase. T
Neko [114]

Answer:

$101,820

Explanation:

the total cost basis of the machine:

  • purchase price = $94,000 x 98% = $92,120
  • transportation costs = $4,000
  • installation costs = $5,700
  • insurance costs = $0 (operating expense)

total asset basis = $101,820

A business can capitalize certain necessary costs when it acquires an asset and they include freight, installation and insurance costs. But the insurance costs that can be capitalized are those incurred to insure an asset while it is being transported or installed, after the installation is over any insurance costs are operating costs.

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3 years ago
Elena works in the audit department of a practice as an audit administrator. She assists the audit teams by recording and proces
EleoNora [17]

Explanation:

I would leave out the part about the people you currently work with and just state that you are a team player and the you love to be around people who are outgoing and you are very sociable and a quick learner

4 0
3 years ago
If you had a put option on the first of the month with an exercise price of $18 and if the option also expires on the first, the
zaharov [31]

If you had a put option on the primary of the month with an exercise rate of $18 and if the option also expires on the first, the fee of the choice might be: increase

A put option offers you the proper, but no longer the responsibility, to promote an inventory at a specific rate (known as the strike charge) by way of a particular time – at the choice's expiration. For this right, the put buyer can pay the seller an amount of cash referred to as a premium.

An instance of a put option: by purchasing a positioned option for $five, you now have the right to promote 100 shares at $a hundred in step with share. If the ABC organization's stock drops to $80 then you may exercise the option and sell a hundred shares at $100 according to proportion resulting in a complete profit of $1,500.

A put option is an agreement that offers its holder the proper to promote a number of fairness shares at the strike price, earlier than the option's expiry. If an investor owns stocks of stock and owns a placed choice, the option is exercised while the stock fee falls under the strike price.

Learn more about put option here: brainly.com/question/4490636

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6 0
2 years ago
During the second year of the equipment’s life, $21,900 cash is paid for a new component expected to increase the equipment’s pr
Alona [7]

Answer:

   S/N              ACCOUNT                                 DEBIT                  CREDIT

      1             Equipment                                   $22,000

                        Cash                                                                     $22,000  

                    Being payment for new component expected to increase the

                    equipment’s productivity by 10% a year

      2.           Equipment Repairs expenses      $6,250

                       Cash                                                                          $6,250

                    Being payment for equipment repair

     3.            Equipment                                       $14,870

                       Cash                                                                          $14,870

                    Being payment for equipment repair to prolong the useful life

                    the asset

Explanation:

The initial cost incurred in acquiring an asset is debited to asset account, subsequently every other cost spent on the assets are either expenses against the earning of that period or expensed over many years over the useful life of the asset.

Capitalization is the recognition of an expense as an asset in the balance sheet rather than expenses in the income statement.

The payment of $22,000 paid for the equipment productivity must be capitalized, that is added to the cost of the asset because it is a cost that is  expected to increase the equipment’s productivity by 10% a year.

The  $6,250  paid for normal repair is a revenue items which is to be expensed against the earning of that period.

The $14,870 paid for repairs which will increase the useful life of the equipment from four to five years is a capital expenditure which should capitalized, that is added to the cost of the asset.

7 0
3 years ago
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