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Sergeeva-Olga [200]
3 years ago
13

Discuss the conditions and developments that affected the cattle industry during the last half of the nineteenth century.

Business
1 answer:
Darya [45]3 years ago
7 0

Answer:

Cattle ranchers were not very common during the early nineteenth century, most of them were actually Mexicans who ended up being thrown out of Texas after it became independent. They left their cattle behind and Texans claimed them for themselves. During the first part of the century beef wasn't very popular so the cattle was raised for its skin and tallow.

But then the civil war started and after the south lost, cattle had multiplied to over 5 million in Texas alone. There was really no market for beef in the southern states, but there was a huge market in the northern-eastern states.

Cattle trade began from Texas to Chicago and it generated a lot of money specially for the middlemen (Joseph McCoy was the most important one). The cattle was sent to Chicago using the railroads and the industry peaked by 1867. The factors that helped the beef industry were that more railroads were built, more land was available (native Americans were ejected from their lands) and refrigeration techniques improved.

But during the last years of the century the cattle industry collapsed (since middle 1880s) due to lower demand, a severe drought and more farmers settling in areas that previously had been used by cattle only. Since the cattle business became less profitable, farmers started to turn to agriculture instead of ranching.

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If stock prices are expected to drop dramatically, then, other things equal, the demand for stocks will ________ and that of tre
SashulF [63]

Hello there

the answers are

decrease

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increase

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5 0
3 years ago
Clark Company's master budget reflects budgeted sales information for the month of June, 2019, as follows: Budgeted Quantity Bud
lesya [120]

Answer:

Total sales variance    $87,340   Favorable

See report below

Explanation:

The sales budget for the month of June would like as follows:

Budgeted Sales

Product                 units        Price     Total($)

A                        40,000       $7          280,000

B                         39,000    $9            351,000

Actual sales

Product                 units        Price     Total($)

A                        39,000       $7.10         276,900

B                        49,600       $8.90         441440

Sales Budget Report for the month of June 2019

                                Budget           Actual           Variance ($)

A                        280,000                  276,900         3,100      Unfavorable

B                        351,000                   441,440            <u>90,440  </u>favorable

   Total sales variance                                          <u>  87,340   Favorable</u>

5 0
3 years ago
Tora Co. plans to produce 1,020 units in July. Each unit requires two hours of direct labor. The direct labor rate is $20 per ho
kompoz [17]

Answer: $40,800

Explanation:

Each unit requires 2 hours of direct labor.

1,020 units would therefore require:

= 1,020 * 2

= 2,040 hours of labor

The direct labor rate is $20 per hour. If there are 2,040 hours to be worked, the cost would therefore be:

= 20 * 2,040

= $40,800

7 0
3 years ago
During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0
juin [17]

Answer:

B) Credit to refund liability of $280,000

Explanation:

The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.

Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000

Since the refund liability account must increase, and it is a liability account, it should be credited.

3 0
3 years ago
A company with $70,000 in current assets and $50,000 in current liabilities pays a $1,000 current liability. As a result of this
Rufina [12.5K]

Answer:

Option (b) is correct.

Explanation:

Given that,

Current assets = $70,000

Current liabilities = $50,000

Pays a current liability = $1,000

Current ratio(Prior) :

= Current assets ÷ Current liabilities

= $70,000 ÷ $50,000

= 1.40

Current ratio(After paying liability) :

= (Current assets - $1,000) ÷ (Current liabilities - $1,000)

= ($70,000 - $1,000) ÷ ($50,000 - $1,000)

= $69,000 ÷ $49,000

= 1.41

Therefore, there is an increase in current ratio.

Working capital(Prior):

= Current assets - Current liabilities

= $70,000 - $50,000

= $20,000

Working capital(After paying liability):

= (Current assets - $1,000) - (Current liabilities - $1,000)

= ($70,000 - $1,000) - ($50,000 - $1,000)

= $69,000 - $49,000

= $20,000

Therefore, there is no change in working capital.

3 0
3 years ago
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