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3 years ago

Which of the following was the first nation to prosper due to the use of power equipment vice (might be via) hand tools?

Business

1 answer:

kramer3 years ago

3 0

Answer:

B). Great Britain

Explanation:

The first nation expanded due to the use of hand tools and power equipment was Great Britain. Its industries of handtools played a great role in flourishing the trade industries of Britain and gave a new significance to agricultural raw materials and craftsmen. The Great Britain's idea also gained from its rule of India as the Indian products suddenly raised demand in the market which compelled the state to bring a handmade craft revolution. Thus, <u>option B</u> is the correct answer.

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Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2

aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0

3 years ago

From the bank reconciliation no entry was recorded for a debit memo for a new check fee expense. this would cause:________

SOVA2 [1]

Answer: expenses to be understated

Explanation:

4 0

2 years ago

The income statement for Sweet Dreams Company is divided by its two product lines, blankets and) pillows, as follows:

Lady_Fox [76]

Answer:

Effect on income= $16,000 increase

Explanation:

Giving the following information:

Pillows

Sales revenue $300,000

variable expenses 240,000

Contribution margin 60,000

Fixed expenses 76,000

Operating income(loss) (16,000)

<u>To calculate the effect on income, we need to use the following formula:</u>

Effect on income= avoidable fixed costs - contribution margin

Effect on income= 76,000 - 60,000

Effect on income= $16,000 increase

3 0

3 years ago

There is a possibility of a safety hazard for a manufactured product. As yet, no claim has been made for damages, though there i

dezoksy [38]

Answer:

Accrued: No; Disclosed: No

Explanation:

In accrual accounting an expense or revenue is only recorded when incurred and earned respectively.

In this instance there is a possibility of a safety hazard for manufactured product.

Since no claim has been made yet we do not accrued any amount.

The principle of full disclosure requires that a business discloses information that significantly influenced a business's financial statement.

No claims have been made on the safety hazard, although there is reasonable possibility a claim can be made and damages can be estimated.

For the business this is irrelevant to be disclosed as no claim has actually been mad that can affect the business.

3 0

3 years ago

Amy's Drive-Thru, a fast food facility, offers healthy, sustainably grown veggie and vegan fast food at higher prices than its c

solniwko [45]

Answer: (E) A focused differentiation strategy

Explanation:

A focused differentiation strategy is one of the type of business strategy in which the company offering the various types of unique products or goods in the market for the purpose of fulfill the requirement of the narrow market.

The main objective of the focused differentiation strategy is that it helps in differentiate the one's company product and brand with the another companies in the market.

According to the given question, the Amy's drive- Thru company is basically using the focused differentiation strategy for the purpose of gaining the competitive advantage.

Therefore, Option (E) is correct answer.

3 0

3 years ago