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3 years ago

10

The invention of the flying shuttle and the spinning jenny helped fuel the Industrial Revolution by making it possible for one p

erson to do the work of many.
True
False

Subject: Career success skills

1 answer:

sleet_krkn [62]3 years ago

6 0

True I think tell me if I’m wrong

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Lopez Corporation incurred the following costs while manufacturing its product.Materials used in product $120,000 Advertising ex

NeX [460]

Answer:

Cost of goods manufactured is $323,500

Cost of goods sold is $337,900

Explanation:

Given:

Materials used in product = $120,000

Advertising expense = $45,000

Depreciation on plant = $60,000

Property taxes on plant = $14,000

Property taxes on store = $7,500

Delivery expense = $21,000

Labor costs of assembly-line workers = $110,000

Sales commissions = $35,000

Factory supplies used = $23,000

Salaries paid to sales clerks = $50,000

Work in process inventory was $12,000 at January 1 and $15,500 at December 31.

Finished goods inventory was $60,000 at January 1 and $45,600 at December 31.

(a) Cost of goods manufactured = Materials used in product + Depreciation on plant + Labor costs of assembly-line workers + Property taxes on plant + Factory supplies used + Beginning work in process - ending work in process

= $120,000 + $60,000 + $110,000 + $14,000 + $23,000 + $12,000 - $15,500

= $323,500

(b) Cost of goods sold = Cost of goods manufactured + opening finished goods inventory - Closing finished goods inventory

= $323,500 + $60,000 - $45,600

= $337,900

5 0

3 years ago

What are three typical reasons why companies develop their own information systems?

9966 [12]

"To satisfy the unique business requirements, to meet constraints of exisTng systems, and to <span>minimize changes in business procedures and policies." are the certain reasons in which it prompted the companies to develop their own information system which is essential for the influx of data entering their systems.</span>

4 0

3 years ago

With which type of amortization does the amount applied toward the principal remain the same each month, with the interest amoun

xz_007 [3.2K]

With Straight line of amortization, the amount applied toward the principal remain the same each month, with the interest amount varying according to the outstanding loan balance.

<h3>What is amortization?</h3>

Spreading payments across a number of time periods is known as amortization in business.
Both the amortization of debts and the amortization of assets fall under this umbrella phrase.
In the latter instance, it refers to spreading out the cost of an intangible asset over time (for instance, throughout the course of a 20-year patent term, $1,000 would be recorded each year as an amortization expense if $20,000 was initially spent producing a product).
As defined by an amortization schedule, amortization in the context of lending is the division of loan repayments into a number of cash flow instalments. Unlike other repayment plans, this one includes principal, interest, and occasionally fees if they weren't paid at origination or closing.

To learn more about amortization with the given link

brainly.com/question/24232991

#SPJ4

4 0

2 years ago

UPS is successful in the small package delivery market. One important reason for this success is the concept of: a. non-bureaucr

anzhelika [568]

Answer:

bureaucracy

Explanation:

According to my research on business strategies, I can say that based on the information provided within the question UPS is successful because of bureaucracy. This is a system of administration that has a clear hierarchy of authority, rigid labor, and inflexible rules and regulations, which allowed UPS to cement itself as one of the most successful delivery companies in the World.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0

4 years ago

Given the following cash flows for a capital project, calculate its payback period and discounted payback period. The required r

PIT_PIT [208]

Answer:

Ans. c) Discounted period is 1.01 years longer than payback period.

Explanation:

Hi, the payback period is the time that takes for the initial invesment to return to the investor (regardless of the time value of money), so we add the cash flow for every period until the result is zero.

The discounted payback period is almost the same, here we do take into account the time value of money. let´s check out the math to this.

Payback period

Period Cash Flow Adding cash flows Coefficient Payback

0 -$50,000.00 -$50,000.00 3

1 $15,000.00 -$35,000.00 1

2 $15,000.00 -$20,000.00 1

3 $20,000.00 $- 1

4 $10,000.00

5 $5,000.00

Payback period = 3

Discount rate 8%

Period Cash Flow Present Value Adding Cash Coefficient

0 -$50,000.00 -$50,000.00 -$50,000.00

1 $15,000.00 $13,888.88 -$36,111.11 1

2 $15,000.00 $12,860.08 -$23,251.03 1

3 $20,000.00 $15,876.64 -$7,374.38 1

4 $10,000.00 $7,350.29 -$24.09 1

5 $5,000.00 $3,402.91 0.01

Discounted payback period = 4.01

The only thing here that needs some further explanation is the 0.01, this is by doing the following calculation.

$Coefficient=\frac{24.09}{3402.91} =0.01$

This is the fraction of the year that will turn those $24.09 in zero (taking into account the cash flow of period 5 which is 3402.91)

So, discounted payback period - Payback period= 4.01 - 3 = 1.01

Best of luck.

4 0

3 years ago