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ASHA 777 [7]
3 years ago
11

China's steel industry:___________

Business
2 answers:
Natasha2012 [34]3 years ago
5 0
B

Chinas steel industry has grown rapidly in recent decades
Ronch [10]3 years ago
4 0

Answer:

B

Explanation:

If I'm not wrong, their steel industry is still growing due to the inputs of iron ore and coal.

You might be interested in
According to the article by Hutchinson, Farris and Anders (2007), cash-to-cash analysis is difficult because financial data and
Margarita [4]

Answer:

False

Explanation:

"Cash-to-cash Analysis and Management" by<em> Hutchinson, Farris and Anders</em> talks about the availability of the<em> financial data</em> and <em>computer technology</em> in assisting a business when it comes to determining its <u>cash-to-cash position </u><em><u>(C2C)</u></em><em>,</em> as well as the <em>benchmarks</em> needed for comparison.

Cash-to-cash analysis was difficult in the past, however, it is easier nowadays. The supply chain is even examined at a broader view than before. C2C efficiency is possible by utilizing the<em> readily available</em> financial date and computer technology. So, this makes the statement above as "false."

So, this explains the answer.

6 0
3 years ago
The debt created by a business when it borrows from a vendor or supplier is called a(n):
Tatiana [17]

Answer: Account payable

Explanation:

 The account payable is one of the type of department which track all the expenditures, purchasing order statement and the payment.

The main responsibility of the account payable is that it maintain all the historical records of the payment and also balance all the debt system. It is the process of recording all the important information or the data.  

According to the given question, the debt basically created by the business during the process of borrows  from the supplier or the vendors is known as the account payable.  

3 0
3 years ago
Read 2 more answers
As of December 31, 2020, Gill Co. reported accounts receivable of $236,000 and an allowance for uncollectible accounts of $8,400
maksim [4K]

Answer:

$1,583

Explanation:

Accounts receivables as at 31/12/2021 = $236,000

A/R as at 31/12/2022 :

= Accounts receivables as at 31/12/2021 + increase in AR

= $236,000 + $22,300

= $258,300

Uncollectible accounts = 1% of accounts receivables

= 1% × $258,300

= $2,583

Allowance 31/12/2021 = $8,400

Writes off = $7,400

Therefore,

Allowance = Allowance 31/12/2021 - writes ofd

= $8,400 - $7,400

= $1,000

Hence,

Bad debt expense for 2021 = Uncollectible accounts - Allowance

= $2,583 - $1,000

= $1,583

5 0
3 years ago
Lucia Ltd. reported net income of $135,000 for the year ended December 31, 2016. January 1 balances in accounts receivable and a
tester [92]

Answer:

Lucia's cash flows from operating activities would be:

$132,000.

Explanation:

Accounts Receivable  End: $30,000  Beginning: $29,000 = -$1,000  

Accounts Payable    End: $24,000  Beginning: $26,000 = -$2,000  

Net Income : $ 135,000

To calculate the total cash flow from operating activities it's necessary to deduct of the Net Income the variance of these accounts which indicates a negative variance during the year, -$2,000 on accounts payable because the company paid more bills these year than before, and -$1,000 because the company expand their credit line to customers.

Cash Flow: $135,000 - $1,000 - $2,000 = $132,000.

4 0
2 years ago
Whiplash Ltd. makes a single product and only one type of direct material is used to make this product. Whiplash uses a standard
RSB [31]

Answer:

$2 per gram.

Explanation:

We are given the following parameters in the question above; the production of output in July: Actual number of units of output produced = 7,800 units, the Materials quantity variance = $2,609, the favorable (F) Materials spending variance = $3,744, the Favorable (F) Standard amount of materials used per unit of output = 5.0 grams per unit , the Actual total materials purchased/used = 37,830 grams and the Actual price per gram purchased/used = $2.20 per gram.

(37,830 × standard price) - (37,830 × 2.2 ) =$3,744.

Thus, (37,830 × standard price) = 79482.

Approximately, standard price = $2 per gram

4 0
3 years ago
Read 2 more answers
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