Answer:
The price of farmland is actually very stable, although it has slightly decreased in the last few years. But the decrease is not because farmland is more or less productive, but because the price of crops decreased a lot in the last 4 years. Do to president's Trump trade wars, the demand for US crops fell dramatically. This hurt farmers a lot, not because the price of their land decreased, but because their revenues collapsed. A farm is just like any other business, if the cash flows decrease by 30 or 40%, it is normal that the price of the business will decrease.
Actually the price of farmland didn't decrease as much as their cash flows. Each farmer probably lost at least 30% of their total revenues, but the price of the land only decreased by 0.8% on average. This happens because the supply of land is extremely inelastic. You cannot just make more farmland, it doesn't work that way.
As productivity increases, the price of farmland increases also. But on the long run, as the prices and productivity increases, new technologies increase productivity even more, diminishing the amount of farmland needed to produce the same output. Farmland productivity has increased a lot in the past decades, which has increased total food production. The problem is that as more food is supplied, its price goes down. This results in prices of farmland decreasing over time due to technological break troughs.
This only happens in some countries like the US, Canada, Brazil, Argentina, and a few others where farmland is extremely abundant and the population per square mile is very low. In other places, e.g. south east Asia, where people are packed like sardines, the price of land hasn't stop rising and will continue to rise because the demand is much higher than the supply.
Turn company utilizes the LIFO inventory method to calculate taxable income. The method which is available to turn for financial reporting purposes is FIFO.
The Turn Company is a project management company which focuses on the year round oversight and execution of property turn and make ready contract services.
The Turn Company utilizes the LIFO inventory method in order to calculate taxable income. For most companies, FIFO (“First-In, First-Out”) method is the most logical choice since they use their oldest inventory first in the production of goods.
Suppose your inventory costs are going down, FIFO will allow you to claim a higher average cost per piece on newer inventory, which can help you save money on taxes.
Hence, the Turn company utilizes FIFO for financial reporting.
To learn more about LIFO and FIFO here:
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<span>It helps the business identify strengths and weaknesses. It helps to capitalize on the weaknesses and turn them into strengths. It also allows for the business to do the same with its strengths. It helps the business address and focus on goals for the future. It helps the business identify and stop threats. Finally, it allows the business identify and capitalize on the opportunities available to them.</span>
Answer: The answer is given below
Explanation:
Information Systems are the networks of both the hardware and the software which is used by economic agents to collect, process, create and help in the distribution of data.
Information Technology (IT) flattens organizations simply means that information systems can help in the reduction of the levels in an organization through the provision of information to managers which will be used in the supervision of other emoloyees and also, lower-level employees could be given more authority relating to decision-making.
Since decision making has been pushed to lower level then fewer managers will be needed. This ensures that faster decision making are made and there's increase in the span of control.
Key assets represent knowledge that your business has that is critical to the operation of your business. ... Basically, anything about your business that is essential to its core operation would be considered a knowledge asset.
