Answer:
Trade between the middle east brought the black death to europe because some of the trading ships passing the trade route was infested with rats that carried the plague.
Explanation:
The Black death also referred to as the bubonic plague was pandemic that was brought about by trade between the Middle East and Europe on the silk road. This plagues killed over 30 to 50 million people when it started from the year 1346 to 1352.
The black death was caused by a Enterobacter bacteria called Yersinia pestis which is present in the vector flea called Oriental rat flea carried by host which were rodents(rats). The rats infested the trading ships from Genoese who came to Europe via Italy. The Black death spread from Asia, down to Europe, Africa and finally the Middle East.
This disease spread from animal to human as well as human to human contact. The characteristics symptoms of this disease includes the presence of boils on the body of the sick that turned sores and the sores eventually became black, hence the name black death. Other symptoms included warm, swollen lymph nodes in the groin or armpit, very high fever, headaches, muscle pain after which death was the end result for some people.
Answer:
Line of credit
Explanation:
Line of credit ( LOC )-
It is the monetary value , which the bank or any credit union agrees to lend , with a predefined limit , from which the person can use the amount and then the interest is paid for the amount the person has borrowed , is known as line of credit .
In the case of LOC , a maximum limit , the interest rate and the time to repay back the amount with some minimum payments is defined beforehand .
Answer:
1. Depreciation is a tax-deductible expense but is not a cash outlay.
2. They are the difference between the cash flows the firm will have if it accepts the project versus the cash flows it will have if it rejects the project.
Explanation:
1. Depreciation as a non-cash outlay is removed from the Net Income when it is calculated for tax purposes. However, when calculating the Net Cash-flow, it is added back because the Cash-flow statement deals with how much actual money the business has and because depreciation does not actually take any money, it would need to be added back in the cash-flows as opposed to Accounting income where it is removed.
2. Incremental Cash-flows get their name from the fact that they will add income to a firm. This cash-flow comes if the company accepts a project as opposed to rejecting it and the cash they get from this increases their cash-flow making it <em>incremental. </em>
Answer:
c. scarce for households and scarce for economies.
Explanation:
One of the most popular definitions of economic sciences is that this field studies the allocation of scarce resources. This reference to scarcity is a general consensus that exists within economic scientifics and makes no exceptions: the economy is a virtual entity consititued by households, individuals, firms, government and environment. Is not logical to assume scarcity in the economy and plentiful in the households and viceversa.
Answer:
(a) a schedule of cost of goods manufactured
Purchases $ 92,000
Materials inventory, March 1 $ 6,000
Materials inventory, March 31 ($ 8,000)
Material Consumed $ 90,000
Direct labor $ 25,000
Factory overhead $ 37,000
Work in process, March 1 $ 22,000
Work in process, March 31 ($ 23,500)
COGM $ 150,500
(b) an income statement for the month
Sales $ 257,000
COGS
COGM $ 150,500
FG opening $ 21,000
FG closing ($ 30,000)
Total ($ 141,500)
Gross profit $ 115,500
Sales and administrative expenses ($ 79,000)
Net profit $ 36,500
