All categories

3 years ago

Why had farming become unprofitable during this period?

1 answer:

8 0

If you are referring to the unprofitable farming that occurred during the period of populism, then the answer is that it became unprofitable because the crops were producing surpluses and the prices started dropping heavily.

You might be interested in

Help help please please

lara31 [8.8K]

One of the major disadvantages of monetary policy is the loan-making link through which it is carried out. That is, the R.B.I. can increase reserves to stimulate economic activity as much as it wants, but the reserves themselves do not alter the money supply.

8 0

3 years ago

Copy Center sells laser printers and supplies. Assume Copy Center started the year with containers of ink (average cost of eac

Anna35 [415]

Answer:

The question is incomplete, so I looked for a similar one:

Copy Center sells laser printers and supplies. Watson Copy Center started the year with 90 containers of ink (average cost of $ 8.50 each, FIFO cost of $ 8.90 each, LIFO cost of $ 7.80each). During the year, Watson Copy Center purchased 720 containers of ink at $ 10.30 and sold 600 units for $ 19.75 each. Watson Copy Center paid operating expenses throughout the year, a total of $ 5000. Watson Copy Center's income statement-excluding the effects of income tax under each of theaverage-cost, FIFO, and LIFO inventory costing methods--is given.

Total sales revenue = 600 x $19.75 = $11,850

COGS under weighted average = {[(90 x $8.50) + (720 x $10.30)] / 810} x 600 = $6,060

COGS under FIFO = (90 x $8.90) + (510 x $10.30) = $6,054

COGS under LIFO = 600 x $10.30 = $6,180

Copy Center

Income Statement for the year 202x

(using weighted average)

Sales revenue $11,850

COGS <u>($6,060)</u>

Gross profit $5,790

Operating expenses <u>($5,000)</u>

Net income $790

Copy Center

Income Statement for the year 202x

(using FIFO)

Sales revenue $11,850

COGS <u>($6,054)</u>

Gross profit $5,796

Operating expenses <u>($5,000)</u>

Net income $796

Copy Center

Income Statement for the year 202x

(using LIFO)

Sales revenue $11,850

COGS <u>($6,180)</u>

Gross profit $5,670

Operating expenses <u>($5,000)</u>

Net income $670

3 0

3 years ago

Why do some people resist the goal of becoming world class? How can this resistance be overcome?

alexira [117]

In my opinion, people might want to stay in the lower class because of the unwanted attention that you get if you drive around a flashy car, and anything that could get you noticed. This resistance can be overcome by being your true self, without the fear of being judged badly by anyone.

7 0

3 years ago

If the price elasticity for frappuccinos is 0.6, by how much would unit sales drop?

shusha [124]

Frappuccinos drop in unit sales = 3.87%

Price elasticity for frappuccino = % change in quantity demanded / % change in price

% change in quantity demanded = Price elasticity for frappuccino * % change in price

= 0.6 * 6.45%

= 3.87%.

Frappuccinos are almost always loaded with fat, sugar, and calories, except for the Coffee Light Frappuccino, featured as one of the healthiest Starbucks drinks on this list. All four of Starbucks' unhealthiest drinks are frappuccinos.

Frappuccino is a Starbucks trademarked iced coffee drink. This drink is a coffee or cream base mixed with ice and other ingredients such as flavors, syrups, spices, and whipped cream.

Learn more about Frappuccino at

brainly.com/question/16226185

#SPJ4

8 0

1 year ago

Blossom Corporation’s balance sheet at the end of 2019 included the following items.

RoseWind [281]

The preparation of a statement of cash flows and balance sheet for 2020 for Blossom Corporation is as follows:

1. BlossomCorporation Corporation

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2020

<h3>Operating Activities:</h3>

Net Income $55,870

Add Non-Cash Expense:

Loss from sale of equipment 230

Depreciation Expenses 16,540

Amortization Expense 2,500

Adjusted cash $75,140

Changes in working capital:

Increase in current assets (29,000)

Increase in current liabilities 14,770

Cash from operations $60,910

<h3>Investment Activities:</h3>

Sale of equipment $11,770

Building cost (28,770)

Investment in stock (16,000)

Cash from investments ($33,000)

<h3>Financing Activities:</h3>

Bonds payable $51,770

Dividends payment (30,000)

Treasury stock (11,000)

Cash from financing $10,770

Net cash flow $38,680

2. Blossom Corporation

<h3>Balance Sheet at the end of 2020</h3>

Current assets $304,450

Land $31,770

Buildigs $150,540

Equipment $70,000

Accum. depr.-buildings ($37,540)

Accum. depr.-equipment ($12,000)

Long-term stock investment 16,000

Patents 41,770

Amortization of Patents (2,500)

Total assets $562,490

Current liabilities $166,540

Bonds payable $153,540

Common stock $170,770

Retained earnings $71,640

Total liabilities + Equity $562,490

<h3>What are Statements of Cash Flows and Balance Sheets?</h3>

Statements of cash flows and balance sheets are two of the main financial statements prepared periodically by an entity.

The statement of cash flows shows the cash flows from operating, investing, and financial activities.

The balance sheet shows the financial position (assets, liabilities, and equity) of an entity at a point.

<h3>Data and Calculations:</h3>

Blossom Corporation

<h3>Balance Sheet at the end of 2019</h3>

Current assets

(Cash $82,000) $236,770 Current liabilities $151,770

Land 31,770 Bonds payable 101,770

Buildings 121,770 Common stock 181,770

Equipment 91,770 Retained earnings 45,770

Accum. depr.-buildings (31,770 ) Total $481,080

Accum. depr.-equipment (11,000 )

Patents 41,770

Total $481,080

Ending Cash balance = $120,680 ($82,000 + 38,680)

Current assets = $304,450 (236,770 + $29,000 + $38,680)

Land = $31,770

Buildigs = $150,540 ($121,770 + $28,770)

Equipment = $70,000 ($91,770 - $21,770)

Accum. depr.-buildings = $37,540 (31,770 + 5,770)

Accum. depr.-equipment = $12,000 (11,000 - 9,770 + 10,770)

Long-term stock investment 16,000

Patents 41,770

Amortization of Patents (2,500)

Current liabilities $166,540 (151,770 + 14,770)

Bonds payable $153,540 (101,770 + 51,770)

Common stock $170,770 (181,770 - 11,000)

Retained earnings $71,640 (45,770 + $55,870 - 30,000)

Learn about preparing statements of cash flows at brainly.com/question/25645312

#SPJ1

4 0

2 years ago