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marysya [2.9K]
3 years ago
14

John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John De

ere has begun utilizing technology so it can identify the geographic location of the parts. This information is available to dealerships and is especially useful in reducing equipment downtime. Agriculture equipment owners can have their machines repaired with replacement parts in a shorter amount of time than before the use of the tracking technology. This is an example of a phenomenon referred to as the _______.
Business
1 answer:
Marrrta [24]3 years ago
5 0

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

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Take Test: Lab 3: Saving for Retirement Quiz Suppose Betty saves $200 each month in her 401(k) account. How much less will her m
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Answer:

$160

Explanation:

her net monthly take home pay will be reduced by $200 x (1 - combined tax rate = $200 x (1 - 20%) = $200 x 0.8 = $160

If instead of contributing to her 401k account, Betty took the money home, she would have to pay $40 in taxes (both state and federal), so the net amount that she receives is reduced by the taxes that she pays.

8 0
3 years ago
Jan and Sam have all of their 2018 tax documents ready to bring to George to prepare their return. These documents include a W-2
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Answer:

The answer is b. $104,800

Explanation:

W-2 for Jan $52,300+  Sam $48,700 + canceled debt income of $1,800 + state lottery winnings of $2,000 = $104,800

7 0
3 years ago
Laval produces lamps and home lighting fixtures. Its most popular product is a brushed aluminum desk lamp. This lamp is made fro
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Answer:

Part 1.  

Plantwide overhead rate for Laval using direct labor hours as a base. is $1.60 per Direct Labor Hour

Part 2.

Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate is $78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

                                         Fabricating                  Assembly              

Overheads (R)                      390000                         410000      

Department Cost Driver      152000                         290000      

Overhead Rate                         2.57                                 1.41            

Therefore Overhead Rates are :

            Fabricating Department $ 2.57 per Machine Hour  

            Assembly Department $1.41 per Labor Hour          

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

Direct materials ($270000/21000)                                         12.86

Direct labor:

       Fabricating department(6500/21000×$29)                   8.98

       Assembly department(15200/21000×$26)                   18.82

Overheads:

       Fabricating department(152000/21000×$2.57)           18.60

       Assembly department (290000/21000×$1.41)             19.47

Total manufacturing cost per unit                                         78.73

Explanation:

Part 1.  Plantwide overhead rate for Laval using direct labor hours as a base.

Overhead Rate = Total Overheads/Total Direct Labor Hours

                          = $1.60 per Direct Labor Hour

                                            Fabricating                  Assembly         Total      

Overheads (R)                      390000                         410000       800000

Direct Labor Hrs                  210000                         290000       500000

Overhead Rate                                                                                   1.60

Part 2. Total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate

Direct materials ($270000/21000)                                         12.86

Direct labor:

       Fabricating department(6500/21000×$29)                   8.98

       Assembly department(15200/21000×$26)                   18.82

Overheads:

       Fabricating department(210000/21000×$1.60)            16.00

       Assembly department (290000/21000×$1.60)            22.10

Total manufacturing cost per unit                                         78.76

Part 3. Compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.

Part 4. Use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.

8 0
3 years ago
The most important and volatile component of the current account in the U.S. balance of payments is:
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Answer: net exports

Explanation:

Balance of payment simply shows the estimation of the inflows and outflow of a nation's money for a certain year. It should be noted that current account of the balance of payment consists of three main components which are the trade in Goods, the trade in services, and the transfer payments.

The trade in goods is segregated into imports and export. This therefore makes the net exports volatile and vital because it has higher share in a current account.

3 0
3 years ago
Would the management of a firm in an oligopolistic or in a competitive industry be more likely to engage in what might be called
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Answer: Companies in perfect competition do not usually apply "socially conscious" practices because their cost-benefit relationship does not justify it.

Generally, the administration of an oligopolistic company will carry out "socially conscious" practices, because this differentiation between the other companies would lead to higher than normal profits.

6 0
3 years ago
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