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Alex
3 years ago
8

Explain five (5) contributions of the manufacturing industry to industrialization​

Business
1 answer:
Drupady [299]3 years ago
3 0

Answer:

Line production system

Scale of production

Development of Factories

Development of Capital Machinery

Development of Capital Goods Industry.

Explanation:

Line production system: This system was adopted in manufacturing companies to divide the tasks between the workers so a product can be manufactured in the fastest way possible

Scale of production: The manufacturing industry develop high levels of production that allow surpluses of production of goods in the economy.

Development of Factories: The manufacturing industry was the first in organize the Plant for production purposes. Therefore, the creation of what is nowadays known as factories was a consequence of this organization.

Development of Capital Machinery: Manufacturers Researched and developed new machines to improve the times of production. With time this technology was used for more industries to achieve fast performances.

Development of Capital Goods Industry: As machines were developed the industry of Capital goods arose and became an important source of technology for companies.

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Which of the following statements is correct regarding the predictability of analytical procedures in a financial statement audi
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Answer:

The answer is letter B

Explanation:

Relationships involving income statement accounts tend to be more predictable than relationships involving only balance sheet accounts.

Because analytical procedures are evaluations of financial information made by study of plausible relationships among financial and nonfinancial data using models that range from simple to complex.  The reason is that income statement amount is based on transactions over a period of time, but balance sheet amounts are for a moment in time. Moreover, amounts subject to management discretion tend to be less predictable.

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This firm will earn only a normal profit if product price is
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There is not a lot of information to go off of, but, I believe the answer to your question is;

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Radovilsky Manufacturing Company, in Hayward, California, makes flashing lights for toys. The company operates its production fa
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Answer:

The right solution is:

(a) 4,272 units

(b) $134.16

(c) $134.17

(d) $12,268.33

Explanation:

Seems that the given question is incomplete. The attachment of the complete question is provided below.

According to the question, the values are:

Annual demand,

D = 12,000

Number of days,

= 300

Daily demand,

d = \frac{12000}{300}

  = 40

Production rate,

P = 100

Ordering cost,

S = $50

Holding cost,

H = $0.10

(a)

The production run's optimal size will be:

Q = \sqrt{\frac{2DS}{H(1-\frac{d}{P} )} }

By putting the values, we get

   = \sqrt{\frac{2\times 12000\times 50}{0.10\times (1-\frac{40}{100} )} }

   = \sqrt{20,000,000}

   = 4,471.14

or,

   = 4,472 \ units

(b)

The average holding cost will be:

= \frac{Q}{2}\times H\times [1-\frac{d}{P} ]

= \frac{4472}{2}\times 0.10\times [1-\frac{40}{100} ]    

= 134.16 ($)

(c)

The average setup cost will be:

= \frac{D}{Q}\times S

= \frac{12000}{4472}\times 50

= 134.17 ($)

(d)

The total cost per year will be:

= Avg. \ holding \ cost+ Avg. \ setup \ cost+Cost \ of \ purchase

= 134.16+134.17+(1\times 12000)

= 12,268.33 ($)

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