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nydimaria [60]
3 years ago
14

The main economic basis of the empire of Mali was derived from the agricultural production of the rural areas. However, the main

economic activity that has been preserved in the record is of gold production. What accounts for this disparity?
Business
1 answer:
just olya [345]3 years ago
3 0

Answer:

Although traditional agricultural practices were and are still probably the most important economic activity of Mali, they are not able to produce on a large scale to be able to export.

On the other hand, gold is something that most foreign companies and governments want, so the rulers of Mali engaged in gold trade. Since writing was not common in local communities in Mali, a lot of the records and history of Mali was done by foreigners and their main interest was gold.  

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The following information came from the income statement of the Wilkens Company at December 31, 2017: sales revenue $1,800,000;
andriy [413]

Answer:

Wilkens' days in inventory for 2017 = 60.833

Explanation:

Given:

Sales = $1,800,000

Beginning inventory = $160,000

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Wilkens' days in inventory for 2017 = ?

Computation of Wilkens' days in inventory for 2017:

Wilkens' days in inventory for 2017 = Number of days in a year / Inventory turnover

Wilkens' days in inventory for 2017 = 365 / 6 times

Wilkens' days in inventory for 2017 = 60.833

7 0
3 years ago
A company’s retained earnings increased $375,000 last year and its assets increased $973,000. The company declared a $79,000 cas
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Answer:

C. $454,000.

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We know that

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The ending balance of retained earnings - Opening balance of retained earnings is also known as increase in retained earning

6 0
3 years ago
The economic order quantity (EOQ) model is a classical model used for controlling inventory and satisfying demand. Costs include
nikklg [1K]

Answer:

Check the explanation

Explanation:

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Step 1: Setup a spreadsheet on Excel, as shown in the first and second attached images below:

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The Solver dialogue box will appear. Enter the decision variables, objective function and the constraints, as shown in the third attached image below:

7 0
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7 0
3 years ago
What are some examples of trade controls?​
aleksandrvk [35]

The use oftrade controls to reduce foreign competition in order to protect domestic industries.

Hope this helps! :)

5 0
2 years ago
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