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Ksivusya [100]
2 years ago
14

Question 2 of 20 what was the impact of mao zedong's great leap forward in china? o a. mao's oppression of urban workers allowed

rural farmers to prosper in peace. o b. mao's focus on rural steel production led to widespread famine and starvation. o c. mao's efforts to compete with the soviet union resulted in an economic boom. d. mao's political enemies were eliminated and his control over china was strengthened.
Business
1 answer:
Ugo [173]2 years ago
4 0

The impact of mao zedong's significant leap forward in china c. mao's efforts to contend with the soviet union resulted in an economic boom

The weather in 1959 was catastrophic and the yearly harvest was not nearly enough to support the Chinese population which led to general famine.

<h3>What was the result of the Great Leap Forward?</h3>

Instead of promoting the country's economy, The Great Leap Forward resulted in mass hunger and famine. It is estimated that between 30 and 45 million Chinese citizens died due to famine, execution, and coerced labor, along with massive economic and environmental collapse.

<h3>What was the Great Leap Forward and how did it affect China?</h3>

The Great Leap Forward was a push by Mao Zedong to change China from a largely agrarian (farming) society to a modern, industrial society—in just five years. It was an unbelievable goal, of course, but Mao had the ability to force the world's largest society to try. The effects, unfortunately, were disastrous.

To learn more about Great Leap Forward, refer

brainly.com/question/27565817

#SPJ4

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Modern corporation operates a steel mill. it has never contributed anything to the local community, and it knowingly pollutes bo
svetlana [45]

I guess the correct answer is the narrow view, or invisible hand theory .

The narrow view, or invisible hand theory, holds that producing profit is more important than being socially responsible.

5 0
3 years ago
During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the
ivanzaharov [21]

Answer:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash =  one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

3 0
4 years ago
Cheese Factory Incorporated reported the following information for the fiscal year ended August 31, 2015.
liraira [26]

Answer:

1. Income statement for 2016.

Sales revenue ($1,661,000 + $15,000)                             $1,676,000

Less Cost of Sales

Purchases ($1,490,000 + $145,000)                               ($1,635,000)

Gross Profit                                                                             $41,000

Less Expenses

Office Expense                                              $95,000

Salaries and wages expense                     $955,000

Utilities Expense                                         $530,000     ($1,580,000)

Net Loss                                                                            ($1,539,000)

<u>2. Statement of retained earnings for the fiscal year ended August 31, 2015.</u>

Retained Earnings Beginning     $410,000

Dividends                                       $10,000

Retained Earnings Closing         $400,000

Explanation:

Income statement calculates profit : Profit = Gross Profit (Sales - Cost of Sales) - Expenses. Whilst Statement of retained earnings calculates closing balance in Retained Earnings : Closing Balance = Opening Balance + Profit for the year - Dividends  

7 0
3 years ago
Safeway, publix, and other supermarket chains offers all types of foodstuffs as well as a variety of nontraditional goods and se
Vikki [24]
Diversifying.  It is so that they can tap into other markets.
8 0
3 years ago
Two companies are financed as follows: X Co. Y Co. Bonds payable, 9% issued at face $5,000,000 $3,000,000 Common stock, $25 par
BartSMP [9]

Answer:

The Earnings per Share on Common Stock X Co. $ Y Co is $9.15 and $10.05 respectively.

Explanation:

To compute the earning per share, first we have to calculate the net income and number of outstanding shares.

In mathematically,

Earning per share = Net income ÷ Number of outstanding shares

where,

Net income = Income before bond interest and income taxes - interest - tax

where,

Interest = Bonds × Rate

Tax = income tax rate × remaining balance

whereas, number of outstanding shares = Common stock ÷ price of shares

So,

For X,

The net income is =  $2,280,000 - ($5,000,000 × 9%) - (40% of remaining balance)

= $2,280,000 - $450,000 - $732,000

= $1,098,000

And, Number of outstanding shares = 3,000,000 ÷ $25 = 120,000

So, Earning per share for X is

= $1,098,000 ÷ 120,000 = $9.15

For Y,

The net income is =  $2,280,000 - ($3,000,000 × 9%) - (40% of remaining balance)

= $2,280,000 - $270,000 - $804,000

= $1,206,000

And, Number of outstanding shares = 3,000,000 ÷ $25 = 120,000

So, Earning per share for X is

= $1,206,000 ÷ 120,000 = $10.05

Hence, the Earnings per Share on Common Stock X Co. $ Y Co is $9.15 and $10.05 respectively.

3 0
3 years ago
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