All categories

3 years ago

Why have the fortunes of the English gentry degenerated?

1 answer:

4 0

The fortunes of the English gentry degenerated primary due to the reformation of the voting law. Initially, only land-owning gentry has the right to vote and they used their right to control the laws governing land ownership. When the voting law was reformed, the power of the gentry diminished, enabling non-gentry individuals to own land and create factories.

Since, the English gentry get their fortunes from leases on their lands used for farming, they were very affected when the people working on their lands opted to go to the city and become factory workers. Thereby decreasing their rental income.

Land taxes also increased and because some portion of the English gentry's land became idle and unproductive, they were not able to pay the increasing land taxes; forcing them to sell and dispose of their land to meet their tax obligations.

You might be interested in

Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales

Dvinal [7]

Answer:

The company's cost to produce 1,000 gallons of product B is $7,131.25.

Explanation:

This can be calculatd as follows:

Product B share of joint cost = (Product B sales value / (Product B sales value + Product A sales value)) * Cost to split-off point = ($32.20 / ($32.20 + $3.00)) * $5,500 = 0.914772727272727 * $5,500 = 5,031.25

Product B total additional separable process beyond split-off = Additional cost per gallon * Number of gallons of product B produced = $2.10 * 1,000 = $2,100

Therefore, we have:

Company's cost to produce 1,000 gallons of product B = Product B share of joint cost + Product B total additional separable process beyond split-off = 5,031.25 + $2,100 = $7,131.25

Therefore, the company's cost to produce 1,000 gallons of product B is $7,131.25.

4 0

3 years ago

Kohler Inc. wants to replace a 10 year old machine with a new machine that is more efficient. The old machine cost $80,000 when

Reptile [31]

Answer:

no option is correct, the correct answer is $12,630

Explanation:

after tax salvage value of old machine = $12,000 - [($12,000 - $15,000) x 21%] = $12,000 - (-$3,000 x 21%) = $12,000 - -$630 = $12,630

the tax shield generated by this loss (market value is lower than book value) = $630

the cash received form the sale = $12,000

the combined effect = $12,000 + $630 = $12,630

8 0

3 years ago

g Marlboro Construction enters into a contract with a customer to build a warehouse for $725,000 on April 15, 2021 with a comple

Nookie1986 [14]

Answer:

B. $725,000

Explanation:

The expected value for the contract will be :

10% ($725,000 + 12,000 + 12,000 ) + 30% ($725,000 + 12,000 ) + 25% ($725,000 ) + 20% ($725,000 - 12,000 ) + 15% ($725,000 - 12,000 - 12,000 )

= $ 74,900 + $221,100 +$181,250 + $142,600 + $105,150 = $725,000

Marlboro constructions expected value of the contract is 725,000 based on the given probability estimates of contract completion.

8 0

2 years ago

Herbert and lily wanted to purchase a new set of curtains for their bedroom. however, they could not decide upon which color to

Yakvenalex [24]

Answer:

The answer is gender.

Explanation:

The difference between the choices that Herbert and Lily make on the curtains they prefer are mainly due to gender differences typically associated with masculinity and femininity. Herbert’s preferred curtain, which is solid dark blue, reflects his masculine preference in colors, since he picked blue. Lily, on the other hand, showcases a feminine preference with lilac-colored curtains; which is a soft shade that feminine women tend to prefer combined, in addition to the embroidery style.

6 0

3 years ago

(Hybrid costing) Pat Koontz makes necklaces from glass beads, metal beads, and natural beads. After reading about hybrid costing

bija089 [108]

Answer:

Pat Koontz

a. The cost of necklaces completed during January = $96.16

b. The cost of necklaces in ending WIP inventory = $24.40

Explanation:

a) Data and Calculations:

Glass Metal Natural Total

Beads $24 $15 $ 7 $46

Direct labor (1.5 hours) 15 15 15 45

Overhead (based on 1.5 hours) 8 8 8 24

Total cost of production $47 $38 $30 $115

Glass Metal Natural

Units started 70 25 35 130

Ending WIP 5 13 7 25

Units completed 65 12 28 105

Equivalent units:

Glass Metal Natural

Mat. Conv Mat. Conv Mat. Conv

Units completed 65 65 12 12 28 28

Ending WIP 5 3 13 8 7 4

Equivalent units 70 68 25 20 35 32

Cost per equivalent unit:

Glass Metal Natural

Mat. Conv Mat. Conv Mat. Conv Total

Cost of production $24 $23 $15 $23 $7 $23 $115

Equivalent units 70 68 25 20 35 32

Cost per equivalent $0.42 $0.34 $0.60 $1.15 $0.20 $0.72

Glass Metal Natural Total

Mat. Conv Mat. Conv Mat. Conv

Cost per equivalent $0.42 $0.34 $0.60 $1.15 $0.20 $0.72

Equivalent units of

Units completed 65 65 12 12 28 28

Units completed $27.3 $22.1 $7.2 $13.8 $5.6 $20.16 $96.16

Glass Metal Natural Total

Mat. Conv Mat. Conv Mat. Conv

Cost per equivalent $0.42 $0.34 $0.60 $1.15 $0.20 $0.72

Ending WIP (equiva.) 5 3 13 8 7 4

Total cost $2.1 $1.02 $7.8 $9.2 $1.4 $2.88 $24.40

6 0

2 years ago