Answer:
91 days
Explanation:
Here, we are to calculate the average number of days it will take to sell its inventory in 2019.
We proceed mathematically as follows;
Inventory turnover=COGS/Average inventory
Average inventory=(192,000 + 202,000)/2=$197,000
hence inventory turnover=(790,000/197,000)= 4.01
hence average days to sell=365/4.01 =91 days (approx)
Answer:
C.$ 8 comma 798$8,798
Explanation:
Given,
Purchase value = $16,600
Considering the relative values
Relative value of land = $6,500
Total relative value = 6500 + 2400 + 3400
= $12,300
Using the relative value to allocate the purchased value of the land
Purchased cost of land = (6500/12300) × 16,600
= 0.53 × 16,600
= $8,798
The amount that would be debited to the Land is $8,798 Option C
Answer:
b. Off-farm income is important to agricultural producers today.
c. Twenty percent of farmers produce 80% of the agricultural output in the food and fiber industry.
Explanation:
The food and fiber industry is divided into 4 main sectors:
- suppliers of farm inputs (including services and materials)
- farmers themselves (producers)
- processing and manufacturing of farm and fiber products
- marketing and distribution (wholesalers and retailers)
In the US, the food and fiber industry represents approximately 5.4% of GDP. It employs roughly around 21 million workers (including direct and indirect employment). The food and fiber industry is a net exporter, since it exports more than it imports. Currently, most farming value is concentrated on large farms, where smaller farms generally produce more livestock output while larger farms produce crops.
After WW2, there has been a tendency to substitute labor for capital, and to have more larger farms and less smaller ones.
Answer:
a. Mika negotiates a long-term contract for capital equipment for her property management business.
Explanation:
Macroeconomics is a branch of economics that studies the economy as a whole. Macroeconomics studies economic aggregates such as inflation, unemployment, GDP and growth rate.
Microeconomics is a branch of economics that studies the decisions individuals and firms make in response to changes in economic factors. These factors include price, resources etc. it studies how firms and individuals allocate and make decisions about resources
a. Mika negotiates a long-term contract for capital equipment for her property management business. Thus it is a Microeconomic issue
Answer:
I think C, because she is taking notes and showing that she is interested in listening.
