As of December 31, the Stanford company has the following information. Use this information to answer questions 1 to 3.

What is the role of Scientific management in the modern era?

rjkz [21]

The Scientific management in the modern era is management that analyzes and synthesizes workflows.

The role of Scientific management in the modern era is improving economic efficiency, especially in the labor productivity. It is a systematic approach to handle management problems. It implies scientific techniques in method of work, recruitment, selection and training of workers.

Scientific management in the modern era is helped in the enhanced production. The employees perform repetitive tasks and are therefore easily controlled by the management.

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6 0

1 year ago

You are planning to deposit $2,000 into an account at the end of year 1 and $3,000 at the end of year 2. If the account earns 4%

Mkey [24]

Answer:

The account balance by the end of year 3 will be : $5,283.2

Explanation:

You are planning to deposit $2,000 into an account at the end of year 1 and $3,000 at the end of year 2. The account earns 4% interest.

The account balance at the end of year 1 = $2,000

The account balance at the end of year 2 = $2,000 x (1+4%) + $3,000 = $2,080 + $3,000 = $5,080

The account balance at the end of year 3 = $5,080 x (1+4%) = $5,283.2

7 0

3 years ago

Tyare Corporation had the following inventory balances at the beginning and end of May:

densk [106]

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

Note: Direct labor cost = 300 * 15 = $ 4500

The manufacturing overhead = 300 hour * $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

8 0

3 years ago

After an initial investment of $20,000, Joseph's bank account has earned $16,000 in interest over the last 10 years. At what rat

Daniel [21]

Answer:

what rate is he earning interest

Interest rate is 8%

Explanation:

I = C·i·t,

C Initial Investement

i Anul interest rate

t time

16000=20000*i*10

16000=200000*I

I=16000/200000

I=0,08

I=8%

6 0

3 years ago

Uniform Supply accepted a $5,200, 90-day, 12% note from Tracy Janitorial on October 17. If the note is dishonored, but Uniform S

Naya [18.7K]

Answer:

The journal entry is shown below:

Explanation:

The journal entry is as follows

On January 15

Accounts receivable $5,356

To Note receivable $5,200

To Interest revenue $26

To Interest receivable $130

(Being cash received in respect of note receivable, interest accrual is recorded)

The computation of interest receivable is shown below:

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $5,200 × 12% × (75 days ÷ 360 days)

= $130

The 75 days is counted from October 17 to December 31

And, the total amount is

= Principal × rate of interest × number of days ÷ (total number of days in a year)

= $5,200 × 12% × (90 days ÷ 360 days)

= $156

8 0

3 years ago