Reinvesting cash flow allows a firm produce additional products and generate additional sales.

Select the true statement about the impact of automation on employment. a.) Automated processes have no effect on the number of

avanturin [10]

Answer:

b.) While some job loss may occur as a result of automation, the potential for job creation exists

Explanation:

Automation is the process by which a the production process that is usually managed by people becomes mechanised.

The control and monitoring functions that people usually do is now transferred to automatic devices.

While this will cause some job loss as a result of lack of skill to operate the new machines, it will also result in an avenue for fresh employment.

Employees can acquire the required skill to operate the machines that are now used in the production process.

8 0

3 years ago

Variable production costs Plastic for casing $ 171,500 Wages of assembly workers 490,000 Drum stands 215,600 Variable selling co

Leviafan [203]

Answer:

Part 1.

Contribution margin income statement for the year.

Sales (4,900 x 340) 1,666,000

<u>Less Variable Costs </u>

Plastic for casing 171,500

Wages of assembly workers 490,000

Drum stands 215,600

Sales commissions 161,700 (1,038,800)

Contribution 627,200

<u>Less Fixed Costs</u>

Taxes on factory 6,000

Factory maintenance 12,000

Factory machinery depreciation 72,000

Lease of equipment for sales staff 12,000

Accounting staff salaries 62,000

Administrative management salaries 142,000 (306,000)

Net Income 321,200

Part 2.

Contribution margin per unit = $627,200 / 4,900 = $128.00

Contribution margin ratio = $627,200/ $1,666,000 = 37.65 %

Explanation:

The Contribution Margin Income Statement calculates separately the contribution and net income as shown above.

4 0

3 years ago

Budgets are normally more effective when all levels of management are involved in the budgeting process. True or False

oksano4ka [1.4K]

Answer:

The given statement is "True".

Explanation:

The budgeting process for something like a commercial enterprise has always been based on the most recent financial statement of an organization, investment money as well as distribution channels, business objectives as well as the viewpoint in which the industry operates.
So that the spending plan is generally more accurate unless all agencies and therefore all top executives are actively engaged.

3 0

3 years ago

Donald operates an accounting firm and has an annual summer party for the employees and their families. He believes the party be

Vsevolod [243]

Answer:

$6000

Explanation:

Accordingly, the costs associated with throwing a party for employees and their families (spouses and significant others) are fully deductible (100%) as long as the party is hosted primarily for the employees. In this case, the party is for the employees as it is seen to benefits them, thus, total cost Donald can deduct equals cost of beverages and food plus cost of band,

That is,

= 5500 + 500

=$6000

5 0

3 years ago

Read 2 more answers

After an impairment loss is recognized, the adjusted carrying amount of the intangible asset shall be its newaccounting basis. W

Mandarinka [93]

Answer:

A, it is prohibited

Explanation:

Under the U.S GAAP, subsequent reversal of a previously recognised intangible asset impairment loss is prohibited with the exception that the intangible asset is held up for the purpose of sale.

Cheers.

3 0

3 years ago