Answer:
The price of farmland is actually very stable, although it has slightly decreased in the last few years. But the decrease is not because farmland is more or less productive, but because the price of crops decreased a lot in the last 4 years. Do to president's Trump trade wars, the demand for US crops fell dramatically. This hurt farmers a lot, not because the price of their land decreased, but because their revenues collapsed. A farm is just like any other business, if the cash flows decrease by 30 or 40%, it is normal that the price of the business will decrease.
Actually the price of farmland didn't decrease as much as their cash flows. Each farmer probably lost at least 30% of their total revenues, but the price of the land only decreased by 0.8% on average. This happens because the supply of land is extremely inelastic. You cannot just make more farmland, it doesn't work that way.
As productivity increases, the price of farmland increases also. But on the long run, as the prices and productivity increases, new technologies increase productivity even more, diminishing the amount of farmland needed to produce the same output. Farmland productivity has increased a lot in the past decades, which has increased total food production. The problem is that as more food is supplied, its price goes down. This results in prices of farmland decreasing over time due to technological break troughs.
This only happens in some countries like the US, Canada, Brazil, Argentina, and a few others where farmland is extremely abundant and the population per square mile is very low. In other places, e.g. south east Asia, where people are packed like sardines, the price of land hasn't stop rising and will continue to rise because the demand is much higher than the supply.
Answer:
Examples of creating intellectual property includes:
1. Liam draws a picture
2. Riley designs a logo for a company he is starting.
3. Makayla writes and publishes a book.
4. Sydney invents a new style of safety collar for pets.
Explanation:
Intellectual property is a term refer to intangible creation from human intellect. Creating intellectual property requires the creator to have the activity of making new thing or idea from scratch and requires for the creation of mind of a human. Several examples of intellectual property creation are artworks, designs, literary, etc. So that, the 4 above answers are the true examples.
Answer:
b. 7 percent
Explanation:
Benefits here means the statutory benefits that the employees have a right to receive. These on the legal terms are the requirements, as the employer is required to contribute around 7.65% of the salary paid to the employee towards benefits of social security and Medicare.
This clearly is the standard set for the payroll. Now this also provides for the minimum contributions, thus it provides that at-least these are to be made.
Thus, each employer when making a standard salary shall contribute more than 7% towards the benefits of the employees.
Answer:
A. cash collected is 442,500
B. Cash paid to suppliers is 62,000
Explanation:
A. To determine the cash collected for the period, the account that we should analyze is the accounts receivable.
Net sales 500,000
Less: Increase in accounts receivable 50,000
Less: write off 7,500
total collection 442,500
*increase in accounts receivable means lesser amount of collection than the sale on account
*write off will decrease the accounts receivable which means, it affects the cash collection computation.
B.To determine the cash paid to suppliers, let’s analyze the accounts payable account.
Increase in inventory 45,000
add: decrease in accounts payable 17,000
total cash paid to suppliers is 62,000
*increase in inventory implies an additional purchase made by the company
*decrease in accounts payable resulted from cash payment made to suppliers.
<span>Over half of the adults of the African American population have white collar jobs. So, the myth that the majority of African Americans are poor is not true. There are a lot more poor white people in America than African Americans.</span>
