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Rama09 [41]
3 years ago
6

2. What were the major industries involved in the development of the West, and how did these industries transform the western ec

onomy?
Business
1 answer:
Usimov [2.4K]3 years ago
6 0

Answer:

1) Mining

2) Ranching

3) Commercial Farming

Explanation:

The miners who comes mostly from California and other areas fulfilled the demand for gold and silver in the East. They also contributed in extracting other minerals i.e. copper, zinc, iron ore, lead, and quartz, which were great for the industrial use.

The sheep and cattle ranchers played an important role too i.e. that they produced wool, meat, and leather to satisfy the demands of eastern manufacturers and the consumers.

The farmers contributed by making farming commercial. They sold their crops in home town and internationally which helped the economy to improve.  

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Specialization:
AysviL [449]

Answer:

Specialization can lead to an increase in overall production

Explanation:

We specializes in something we are skilled at and will become better at and so we will be able to produce more of that goods and services

8 0
3 years ago
Messing Company has an agreement with a third-party credit card company, which calls for cash to be received immediately upon de
olasank [31]

Answer:

Thee jounal entry for January 1 of Messing Company is done below.

Explanation:

3.5% * 4000 = 140

Date                Account Titles                                                Dr             Cr

Jan 1           Cash                                                                $3,860

                   Credit Card Expense                                        140

                          Sales Revenue                                                           4,000

4 0
4 years ago
Brilliant Accents Company manufactures and sells three styles of kitchen faucets: Brass, Chrome, and White. Production takes 25,
stepan [7]

Answer:

1. Using the ABC system, for each style of faucet, compute the estimated overhead cost per unit.

Brass = [(30 x $4,900) + (900 x $150)] / 30,000 units = $9.40 per unit

Chrome = [(25 x $4,900) + (1,000 x $150)] / 50,000 units = $5.45 per unit

White = [(40 x $4,900) + (800 x $150)] / 40,000 units = $7.90 per unit

2. Compute the estimated operating profit per unit.

Brass = $40 - $8 - $15 - $9.40 = $7.60

Chrome = $20 - $4 - $3 - $5.45 = $7.55

White = $30 - $8 - $9 - $7.90 = $5.10

Explanation:

cost per setup = $465,500 / 95 = $4,900 per setup hour

cost per inspection = $405,000 / 2,700 = $150 per inspection hour

                                               BRASS      CHROME     WHITE

Projected sales in units        30,000        50,000      40,000

Per unit data: Selling price     $40              $20            $30

Direct materials                        $8                 $4              $8

Direct labor                             $15                 $3              $9

Setup hours                              30                 25             40

Inspection hours                    900             1,000           800

4 0
3 years ago
Knowledge check <br> what are the possible weaknesses of this peer approach to valuation?
kolbaska11 [484]

Answer:

The growth which is estimated is wrong.

Explanation:

The Prospective price to earning ratio P/E multiples are calculated using future earnings. In that way, they can be dramatically wrong. Relative valuation is quick and easy. It compares industry peer.

7 0
3 years ago
For each separate case below, follow the 3-step process for adjusting the accured expense account: Step 1: Determine what the cu
kari74 [83]

Answer:

A. 1. Salaries Payable = $0

2. Salaries Payable should equal $15,500

3. Debit Salaries Expense $15,500

Credit Salaries Payable $15,500

To accrue unpaid salaries expense for the year.

B. 1. Interest Payable = $0

2. Interest Payable should equal $250

3. Debit Interest Expense $250

Credit Interest Payable $250

To accrue unpaid interest expense for the year.

C. 1. Interest Payable = $0

2. Interest Payable should equal $875

3. Debit Interest Expense $875

Credit Interest Payable $875

To accrue unpaid mortgage interest expense for the year.

Explanation:

Adjusting journal entries are used to recognize transactions and events that do not have any cash basis because they are required under the accrual basis of accounting.  The accrual basis requires that transactions are recorded in the period they occur without reference to cash payment or receipt.

6 0
3 years ago
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