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3 years ago

B. At one time, the centrally planned economy of China encouraged farmers to produce

Business

1 answer:

gladu [14]3 years ago

3 0

Answer:

At one time, the centrally planned economy of China encouraged farmers to produce iron in their backyards, rather than have factories make iron. This proved unsuccessful, since most of the farmers' iron was of poor quality. Why do you think this approach was unsuccessful? How could this experiment become a success in a free market economy?

The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.

The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved

Explanation:

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The following information is from the records of Mountainview Camera Shop: Accounts receivable, December 31, 2018 $80,000 (d

alexgriva [62]

Answer:

The amount of bad debts expense is $16,000

Explanation:

Bad debt : The Bad debt is that amount in which the chances of payment receive is very less. Thus, the bad debt amount is deducted in the balance sheet under debtors account and also it is shown in Profit and loss Account in debit side.

Under direct write minus off method for bad debts, the bad debt amount is recognized irrespective of whatever information is given.

Since in the question, the non-collectible amount is given which is $16,000.

So, the amount of bad debts expense is $16,000

4 0

3 years ago

16. GDP Growth Consider the following data on U.S. GDP: Year GDP (Billions of current dollars) (Billions of 2009 dollars) 2011 1

dmitriy555 [2]

Answer:

The percentage change in nominal GDP from 2013 to 2014 was 4.29%

The percentage change in real GDP from 2012 to 2013 was 1.48%

The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE

Explanation:

In order to calculate this we just have to calculate the percentages with a rule of thirds:

$\frac{GDP1}{100}= \frac{GDP2}{x}$

To calculate the first one we use the nominal GDP which is the GDP with the current market value:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{16,663.2}{100}= \frac{17,348.1 }{x}\\x=\frac{(100)(17,348.1}{16,663.2} \\x=4.29%$

To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{15,354.6}{100}= \frac{15,583.3}{x}\\x=\frac{(100)(15,583.3}{15,354.6} \\x=1.48%$

To calculate the 2011 to 2012 we insert the values:

$\frac{GDP1}{100}= \frac{GDP2}{x}\\\frac{ 15,020.6}{100}= \frac{15,354.6}{x}\\x=\frac{(100)(15,354.6}{ 15,020.6} \\x=2.22%$

So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012

5 0

3 years ago

Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: Sales are budg

Sati [7]

Answer:

Bramble Corporation

The difference between cash receipts and cash disbursements for December would be:

= $71,000

Explanation:

a) Data and Calculations:

Balance Sheet October 31

Assets Cash $ 21,400

Accounts receivable 71,400

Merchandise inventory 156,800

Property, plant and equipment,

net of $573,400 accumulated

depreciation 1,095,400

Total assets $ 1,345,000

Liabilities and Stockholders' Equity

Accounts payable $ 255,400

Common stock 821,400

Retained earnings 268,200

Total liabilities and

stockholders' equity $ 1,345,000

November December January

Budgeted sales $320,000 $300,000 $290,000

Cash Collections:

55% month of sale 176,000 165,000 159,500

45% following month 71,400 144,000 135,000

Total collections $247,400 $309,000 $294,500

Cost of goods sold $224,000 $210,000 $203,000

= (70% of Sales for the month)

Ending Inventory 147,000 142,100

Goods available $371,000 $352,000

Beginning Inventory 156,800 147,000 142,100

Purchases $214,200 $205,000

Cash disbursements:

Payment to suppliers 255,400 214,200 205,000

Other monthly exp. 23,800 23,800

Total disbursements $279,200 $238,000

Comparison of Cash receipts with Cash disbursements:

November December

Cash receipts $247,400 $309,000

Cash disbursements $279,200 $238,000

Difference ($31,800) $71,000

8 0

3 years ago

1. What is the lowest balance during this period?

RSB [31]

Actually for this type of question simply take a picture
Yah and the and is use a calculater

4 0

3 years ago

Your catering business sells luncheons and dinners. Luncheons are $1,000 each, and dinners are $2,000 each. You sold 300 meals i

Jet001 [13]

Answer:

140 luncheons, 160 dinners

Explanation:

7 0

3 years ago