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o-na [289]
3 years ago
7

About 85% of this country is counted in the labor force is involved in agriculture. This country mostly produces cocoa, coffee,

tea, oil, copper and wood for countries like Australia, China and Japan. Recently an American firm has begun investing in the country in the hopes of utilizing its oil reserves, but the process is slow. A very small percent of this country's population lives in urban areas and much of the population still lives in small villages. For their manufactured goods they are almost completely dependent on Australia. What country is this?
Business
1 answer:
Sever21 [200]3 years ago
5 0

Answer:

Traditional Stage

Explanation:

In the traditional stage, most of the occupation of the population is always agriculture, the people are over reliant on the finished goods of other countries because of their lower wealth and most of the population is living in the rural areas, which is the case here. As it seems that the country is struggling to achieve a take-off stage because it is trying to attract foreign investment (An American company has invested in Oil reserves extraction), so we can say that it is still in the traditional stage because it hasn't increased its home demand for technology, infrastructure development, production increases, greater trade with other countries, etc which are the characteristics of the take-off stage.

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2 years ago
Listed below are several transactions that took place during the first two years of operations for the law firm of Pete, Pete, a
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Answer:

<u>Cash Flow</u>

year 1: cash generated in operating activities:    35,000

year 2: cash used in operating activities (28,000)

<u>Receivables:</u>

year 1: 23,000

year 2: 40,000

<u>Net Income</u>

year 1: 32,000

year 2: 59,000

Explanation:

<u></u>

Cash flow:

<u>operating activities: year 1</u>

collected from client                    170,000

salaries paid to employees        (100,000)

utilities                                           (35,000)

insurance policy                           (63,000)

cash used in operating activities (28,000)

<u>operating activities: year 2</u>

collected from client                     200,000

salaries paid to employees           (110,000)

utilities                                             (55,000)

cash generated in operating activities:    35,000

receivable:

billed - collected

year 1 receivables 193,000 - 170,000 = 23,000

year 2 receivables 240,000 - 200,000 = 40,000

<u>Income Statement year 1</u>

fees revenues 193,000

salaries           (100,000)

utilities            (40,000) (incurred cost)

insurance        (21,000)  (63,000 for three years, the value of 1 year is 21,000)

net income          32,000

<u></u>

<u>Income Statement year 2</u>

fees revenues 240,000

salaries           (110,000)

utilities            (50,000) (incurred cost)

insurance        (21,000)  (63,000 for three years, the value of 1 year is 21,000)

net income      59,000

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The factor-price equalization theory and transportation costs Which of the following statements about the factor-price equalizat
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Answer:

B and C

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The correct statements about the factor-price equalization and the effects of transportation costs are:

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Which of the following provides the best explanation for how consumer credit can exacerbate inequality?
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