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Citrus2011 [14]
1 year ago
15

According to Henry Ford: Select one: a. Power and machinery, money and goods, are useful only as they set us free to live. b. Po

wer and machinery, money and goods, are not only useful, but necessary. c. Power and machinery, money and goods, are unfortunate additions to entrepreneurship. d. Power and machinery, money and goods always set us free to live.
Business
1 answer:
Travka [436]1 year ago
6 0

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).

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Data related to the inventories of Mountain Ski Equipment and Supplies is presented below:
Ksivusya [100]

Answer:

C) $130,000

Explanation:

Based on the lower of cost or market rule, the valued of the inventory would be

Replacement cost = $130,000

Selling price = $150,000 - $150,000 × 10% = $135,000

After considering the normal gross profit ratio, the value would be

= $135,000 - $150,000 × 20%

= $105,000

If we compare the cost and replacement value, then the less value would be considered i.e $130,000

8 0
1 year ago
Tyell Corp. is a financial consulting firm. The firm has a varied client base. It also hires employees from various ethnicities
lara [203]

Answer:

In the given scenario, Tyell Corp. uses

b. readiness-based diversity training

Explanation:

Diversity Training:

A type of training in which the audience are trained to accept and understand the diversity of traits and cultural backgrounds of people.

  • In this scenario, Tyell Corp. teaches its diversified employees to ask questions stereotypes and change their personal opinion about each other. As this training is encouraging to understand the diversification so the option a and c are not valid.
  • The options b is valid as the consulting firm is motivating its employee to ask the questions and understand other people that is preparing the employee to accept the differences. So, they can work in harmony for the progress of the firm
  • The option d is not valid in this scenario, as this training is focusing on readiness of the employees to accept the cultural differences but not no skills.
8 0
1 year ago
Salmone Company reported the following purchases and sales of its only product. Salmone uses a perpetual inventory system. Deter
Digiron [165]

Date Activities Units Acquired at Cost Units Sold at Retail

May 1 Beginning Inventory 150 units at $10.00  

5 Purchase 220 units at $12.00  

10 Sales  140 units at $20.00

15 Purchase 100 units at $13.00  

24 Sales  90 units at $21.0

Answer:

Value of closing inventory =$1290

Explanation:

<em>Under the LIFO inventory system units of inventory are priced using the price of the most recent batch purchased and this continues in turn.</em>

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

<em>The cost of inventory sold would be determined as follows:</em>

140 units  :140 × $12=1,680

90 units : 90× $13 = 1,170

Total cost of goods = 1,680 + 1,170  = 2,850

<em>Total cost of inventory available for sales would be equal to :</em>

(150  × $10.00) +  (220  ×$12.00) = 4,140

The value of closing inventory = Total cost of inventory available for sales - cost of goods sold

4,140  - 2,850 = $1290

Value of closing inventory =$1290

7 0
1 year ago
The owners of have it your way hot dogs have decided to place an advertisement in the local minor league baseball team's program
mart [117]

The element of marketing mix that this scenario presents is the promotion. It is because promotion is making use of media or advertisements in means of having to make your business or market to be known of to the public in which the owners of ‘Have it your way hotdog’ engages to as they made use of advertisement in the program of the league basketball team.

6 0
1 year ago
Assume the following facts are true for 2016: 318 million people lived in the United States. A total of 2,468,435 of these peopl
Gre4nikov [31]

Answer:

The number of people that were at risk for diabetes in 2016 is 289 million people

Explanation:

The number of persons at risk of a health outcome in a population is the difference between the total population and the number of persons that already have the health outcome in the population.

The number at risk of an outcome is calculated at the beginning of the year, before changes occur throughout the progression of the year, to accurately state the number at risk for that research year.

In our example, we will be concerned only about the data gotten at the beginning of the year, and these include;

The total population = 318,000,000 people

Number of persons with diabetes at the beginning of 2016 = 29,000,000 people.

Therefore, number of persons at risk for diabetes in 2016 = The total population - Number of persons with diabetes at the beginning of 2016

= 318,000,000 - 29,000,000 = 289,000,000 (289 million) people).

Note do not confuse this with the risk ratio for diabetes in 2016, which is the ratio of the number with diabetes and the total population.

5 0
1 year ago
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