I believe the answer is: a. dominated by cotton
After the civil war, the south still hasn't fully adopted the manufacturing industry like the norhtern states did, due to the limited machineries that they possess. Because of this, their economy still dominated by agricultural sectors (mostly cotton). The only difference is that they pay their workers with salary rather than using slaves.
Answer:
<em>Retained Earnings = 109,909</em>
Explanation:
![\left[\begin{array}{cccc}cash&25,135&AP&67,855\\AR&43,758&NP&36,454\\inventory&172,500&Long-term&222,300\\fixed \:assets&332,300&Common\: Stock&150,000\\other \: assets&13,125&RE&110,209\\Total Assets&586,818&Total L+E&586,818\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7Dcash%2625%2C135%26AP%2667%2C855%5C%5CAR%2643%2C758%26NP%2636%2C454%5C%5Cinventory%26172%2C500%26Long-term%26222%2C300%5C%5Cfixed%20%5C%3Aassets%26332%2C300%26Common%5C%3A%20Stock%26150%2C000%5C%5Cother%20%5C%3A%20assets%2613%2C125%26RE%26110%2C209%5C%5CTotal%20Assets%26586%2C818%26Total%20L%2BE%26586%2C818%5C%5C%5Cend%7Barray%7D%5Cright%5D)
<u>First </u>
We add all the assets together. 586,818
<u>Then</u>
we add the lliabilities and common stock. 476,909
<u>Finally</u>
We use the accounting equation to solve for RE
Assets = Liab + Equity
586,818 = sum of liab and equity accounts
we know that all the accounts, except RE add to 476,909
586,818 = 476,909 + RE
586,818 - 476,909 = RE
RE = 109,909
Answer:
Make since the relevant cost to make it is $59.05
Explanation:
Calculation to determine what Epsilon should choose to:
Relevant costs to make = 8.20 + 24.20 + [41*(100%-35%)]
Relevant costs to make = 8.20 + 24.20 + (41*65%)
Relevant costs to make = 8.20 + 24.20 + 26.65
Relevant costs to make =$59.05
Therefore Epsilon should choose to: MAKE SINCE THE RELEVANT COST TO MAKE IT IS $59.05
Answer:
= $52,050
Explanation:
First, the question is as follows:
Calculate the number of pounds of raw material to be purchased in June
Solution
Step One: We determine what was produced in June and in July as follows
Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products
- Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
- Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000
Step 2 : Determine the Purchased raw materials for June
- = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)
= 50,400 + $14,250 - $12,600 = $52,050
Answer:
1.)a
2.)b
3.)c
4.)c
I think this could be the answer
