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o-na [289]
4 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]4 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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A company sells a car to a consumer and helps the consumer set up a loan with regular set payments. What type of credit is this?
sashaice [31]
This kind of credit is also known as consumer credit. It is actually the kind of credit that is given to a consumer on purchasing of any goods or getting any kind of service. Some kind of loans, credit card loans can be considered as a kind of consumer credit. This kind of credit is prevalent around the globe.
5 0
3 years ago
Read 2 more answers
Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
eduard

Answer:

Great Adventures

a) Adjusting Entry for Uncollectible Accounts:

Date       General Journal              Debit        Credit

Jun. 30  Uncollectible Expense $2,320

              Allowance for Uncollectibles         $2,320

To provide 8% allowance for uncollectibles.

b) To accrue one month of interest on the note receivable:

Date        General Journal       Debit             Credit

Jun. 30   Interest Receivable  $40.83

              Interest on Notes                          $40.83

To accrue one month of interest.

c) GREAT ADVENTURES, INC.

Partial Balance Sheet  as at June 30, 2022

Assets

Current Assets:

Accounts Receivable                   $29,000

less allowance for uncollectibles    2,320

Net Accounts Receivable                             $26,680

Explanation:

a) Accounts Receivable

Date        Description                        Debit         Credit      Balance

Feb. 25   Kr. Kendall's Boys Scout   $4,000                       $4,000

Feb. 28   Cash                                                    $3,840            160

Feb. 28   Cash Discount                                          160               0

Mar. 19    Reynold                              5,000                          5,000

Mar. 27   Cash                                                     4,800            160

Mar. 27   Cash Discount                                       200                0

Apr. 7      Cash                                                     8,500      (8,500)

Apr. 14    Elks Lodge                         8,500                                 0

Apr. 30   Myers Manufacturing        7,000                          7,000

May 31    7% Note Receivable                            7,000               0

Jun. 15   MBA Groups                    29,000                       29,000

b) Allowance for uncollectibles = $29,000 x 8% = $2,320

c) Interest on Notes = ($7,000 x 7%)/12 = $40.83

3 0
3 years ago
A. On April 1, the company hired an attorney for a flat monthly fee of $2,500. Payment for April legal services was made by the
Crazy boy [7]

Answer:

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

Dr Salaries payable 5,600

Cr Cash 14,000

Explanation

Preparation of the adjusting entry for both April 30 and the subsequent entry during May to record the payment of the accrued expenses.

A. Apr 30

Dr Legal fees expense 2,500

Cr Legal fees payable 2,500

May 12

Dr Legal fees payable 2,500

Cr Cash 2,500

B. Apr 30

Dr Interest expense 2,175

Cr Interest payable 2,175

May 20

Dr Interest expense 4,350

(6,525-2,175)

Dr Interest payable 2,175

Cr Cash 6,525

C. Apr 30

Dr Salaries expense 5,600

(14,000*2/5)

Cr Salaries payable 5,600

May 03

Dr Salaries expense 8,400

(14,000*3/5)

Dr Salaries payable 5,600

(14,000*2/5)

Cr Cash 14,000

4 0
3 years ago
Given the following information, what are the values of M1 and M2? Small time deposits $650 billion Demand deposits and other ch
Ne4ueva [31]

Answer: The answer is as follows:

Explanation:

M1 is more liquefied than the M2.

M1 consists of:

Demand deposits and other checkable deposits + Traveler's checks + Currency

= 300 + 25 + 100

= $425 billion

In M2 , M1 is also a part of M2.

M2 consists of :

M1 +  Small time deposits + Savings deposits + Large time deposits + Miscellaneous categories

425 + $650 + $750 + $600 + 25

= $2450 Billion

8 0
3 years ago
Farms used to grow crops mainly for local consumption during the colonial era were called?
posledela

Farms used to grow crops mainly for local consumption during the colonial era were called 'haciendas'.

Haciendas are rural, agricultural homesteads found in all Spanish-speaking nations with colonial histories. They were first established in South America during the Era of Discovery when Spain laboriously conquered the New World. Originally, estates were active in mining, raising cattle, and/or farming, and their affluent Spanish owners hired native laborers to manage their lands.

Although the laborers at haciendas were not considered slaves, their employment would undoubtedly be referred to as "forced labor" in modern parlance.  Though they were technically free to come and go, their lives were not all that different from slaves' in many ways. Haciendas contributed to the principal exports of Latin America up to the 20th century, including coffee, sugar, beef, leather, various vegetables, and cereals.

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8 0
2 years ago
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