Answer:
The correct answer is letter "A": Power and machinery, money and goods, are useful only as they set us free to live.
Explanation:
American entrepreneur Henry Ford (1863-1947) was the author of the transportation and industry revolution in the U.S. He obtained around 160 patents registered in America. The "<em>Fordism</em>" was named after him because of his method of producing large quantities of automobiles at low cost through mass production.
According to Ford: "<em>Power and machinery, money and goods, are useful only as they set us free to live. They are but means to an end. For instance, I do not consider the machines which bear my name simply as machines. If that was all there was to it I would do something else.</em>" ("My Life and Work", 1922).
A. best location for storage facilities is your correct answer
Answer:
The answer is:
Debit the Merchandise Inventory account
Credit the cash account.
Explanation:
To start with, increase in assets and expenses go into debit side while decrease in assets and expenses go into credit side.
Merchandise inventory is an asset and cash too is an asset. Toys R Fun purchased inventory with cash, this means merchandise inventory increases while cash decreases.
According to the rule in the first paragraph, the recording is as follows:
Dr Merchandise Inventory $4,000
Cr cash. $4,000
We are given the following data for publishing an electronic textbook about spreadsheet applications for business.
Fixed cost = $160,000
Variable cost = $6 per book
Selling price = $46 per book
First, we have to establish an equation to know the profit or loss of the company.
Total cost = Fixed cost + Variable Cost (number of books)
Total sales = Selling price (number of books)
The profit is calculated by subtracting the total cost from the total sales.
Profit = Total sales - total cost
The following equations are useful:
let x = number of books produced
y = number of books sold
Total cost = $160,000 + $6x
Total sales = $46y
The value of x can be changed according to the actual number of books produced. y can be changed according to the actual number of books sold
Profit = $46y - ($160,000 + $6x)
If x = y = 3500
Profit = $22,000 for 3500 books
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