Answer:
- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).
- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).
Explanation:
The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.
Answer:
d.accounting records continuously disclose the amount of inventory
Explanation:
Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:
Received inventory items
Goods sold from stock
Items moved from one location to another
Items picked from inventory for use in the production process
Items scrapped
Answer:
The consultant's advice will reduce soil degradation and increase organic matter content in soil
Explanation:
In this scenario the present practice by the farmer of burning crop residue and tilling results in soil degradation and loss of organic matter.
Burning on the farm leads to loss of crop nutrients such as nitrogen and organic matter. It also causes environmental pollution of air, land, and water when carbon, nitrogen, and sulphur by-products are released to the atmosphere.
Tillage is the practice of turning the top 6 - 12 cm of soil when preparing for planting. This practice reduces water holding capacity of soil, accelerates nutrient loss, and degrades soil structure.
So if the farmer stops burning crop residue and practices zero tillage it will result in less environmental pollution, reduce soil degradation, and increase soil nutrients especially organic matter
Answer:
The correct answer is letter "C": Work in Process Inventory.
Explanation:
Work in Process Inventory is an asset in the company's Balance Sheet. It represents the accumulated cost of unfinished goods that are currently in the manufacturing process. Companies that manufacture large or customer-made items typically use a work in progress inventory system to record labor, raw material, and overhead.
