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drek231 [11]
3 years ago
10

Fill in the blanks to complete the passage about the economic implications of technological advances. The U.S. dairy cow industr

y produced milk from just over __________ million cows in 1924. Today, it relies on just under__________ million. And yet total milk production today is a little over __________ what it was in 1924. This is possible because the typical cow produces __________ as much milk, thanks to strategic breeding and changes in how –. twicemilk is transportedfive times20cows’ stalls are constructed10
Business
1 answer:
lisabon 2012 [21]3 years ago
3 0

Answer:

20

10

Twice

Five times

Cow stalls are constructed

Explanation:

The U.S. dairy cow industry produced milk from just over _20_ million cows in 1924. Today, it relies on just under_10_ million. And yet total milk production today is a little over __twice_ what it was in 1924. This is possible because the typical cow produces __five times___ as much milk, thanks to strategic breeding and changes in how _stalls are constructed_.

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Deep Water Mining added $411 to retained earnings last year on sales of $24,646. The administrative expenses were $4,370, deprec
ANTONII [103]

Answer:

It is $18,290.24

Explanation:

Profit after Tax (65%) = addition to retained earnings+dividend paid

                                   = $411 +  $285

                                    = $ 696

Profit before Tax = [100/65] * $ 696

                            = $1070.76

Tax (35%)             = 35% * $1070.76

                            = $374.77

Gross Profit = Profit before tax + Total expenses

                    = $1070.76 + [  $4,370+ $103+ $812]

                    = $6355.76

Cost of Sales= $24,646 -$6355.76

                     = $18,290.24 .

Note

-Dividend is paid is paid from profit after tax

6 0
3 years ago
Management can make any form of distribution to the firm’s shareholders using the company’s free cash flow (FCF). The underlying
vovikov84 [41]

Answer:

A good use of free cash flow is to Invest in nonoperating assets

Explanation:

Free cash flow (FCF) is a measure of how much cash a business generates after accounting for capital expenditures such as buildings or equipment. This cash can be used for expansion, dividends, reducing debt, or other purposes.

If the underlying objective is to maximize shareholder wealth by increasing the firm’s value. Any use of FCF that negatively affects the firm’s value is not considered a good use of the FCF.

A good use of FCF would be to invest in nonoperating assets such as marketable securities, investments in other companies, etc.)

3 0
3 years ago
Company ABC reported the following: 1. Net Income: $110,000 2. Return on Sales (Net Income/Sales): 3.56% 3. Gross Profit Percent
Sergeeva-Olga [200]

Answer:

$2,266,123.60

Explanation:

As it is given

Return on sales = Net income ÷ Sales

3.56% = $110,000 ÷ Sales

So, the sales is  $3,089,887.64

Now the Gross Profit percentage is

Gross Profit percentage = Gross profit ÷ Sales

26.66% = Gross profit ÷ $3,089,887.64

So, the gross profit

= $823,764.044

Now the cost of goods sold is

= Sales - gross profit

=  $3,089,887.64 - $823,764.044

= $2,266,123.60

8 0
3 years ago
Choose the term that best matches the description given.
OleMash [197]

Answer:

supply

Explanation:

it is how much of something you have to sell

3 0
3 years ago
Gatson manufacturing company produces 2 types of tires: Economy tire; Premium tire. The manufacturing time and the profit contri
EastWind [94]

Answer:

(a)Let X1 be the number of economy tires and X2 be the number of premium tires.

Objective function:

Maximize Z, where Z = 12X1 + 10X2

Subject to constraints

4X1/3 + X2/2 <= 600

4X1/5 + X2 <= 650

X1/2 + 2X/4 <= 580

X1/5 + X2/3 <= 120

X1, X2 = Z

(b) Check attachment for spreadsheet

(c) The maximum profit that can be obtained is $6032

8 0
3 years ago
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