What Was the Benefit of Using the Flying Shuttle

question 13

Multiple Choice

What was the benefit of using the flying shuttle?

• A) Cast-iron workers could more easily develop the mechanized parts they needed for repairs to machinery.
• B) A weaver could quickly propel the shuttle through the loom yarn for much faster weaving and larger pieces of cloth.
• C) This new ceramics technique involved glazing between firings, producing a desirable color glaze.
• D) This innovation allowed mills to operate from the flow of water.

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Definitions:

Asset Turnover

A financial ratio that measures the efficiency of a company's use of its assets to generate sales or revenue.

Average Total Assets

This metric calculates the average value of all assets owned by a company over a specific period, usually used in financial analysis to gauge productivity.

Aging Method

An accounting technique used to estimate the amount of bad debts (uncollectible accounts) by categorizing accounts receivable according to their age (how long they have been outstanding).

Allowance Account

A contra asset account associated with accounts receivable that estimates the amount of receivables that may not be collected.