Since he is working as a tax accountant for Starlight Fashions which is a clothing manufacturer, his salary would be classified as period cost..
<h3>What is
period cost?</h3>
In preparation of financial account, a period cost refers to a cost that cannot be capitalized into prepaid expenses, inventory, fixed assets etc
In conclusion, because works as a tax accountant for the clothing manufacturer, his salary would be classified as period cost.
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False, the demand curve is derived from a demand schedule.
The demand curve<span> is a graphical representation depicting the relationship between a commodity's </span>different<span> price levels and quantities which consumers are willing to buy. The </span>curve<span> can be derived from a </span>demand schedule<span>, which is essentially a table view of the price and quantity pairings that comprise the </span>demand curve<span>.</span>
Hardworking, a perfectionist, a bit of a loner, and maybe a bit of an over-achiver.
Answer:
(a) (i) Define the term "Green Revolution" as used during the period 1945 to 1985.
- The use of modern agricultural techniques became widespread around many regions in the world. This led to higher yields through the use of fertilizers, pesticides, genetically modified seeds and mechanical machinery.
(ii) Explain the principal agricultural practices/technologies associated with the green revolution.
- extensive use of fertilizers, pesticides, genetically modified seeds and mechanical machinery.
(iii) Name TWO regions, in different parts of the world, where the green revolution has had a significant impact on crop yields.
- In North America, Mexican food production increased and they stopped importing food. Although currently that has reversed, and it is importing even more food than before.
- In Brazil, agricultural production increased dramatically. Both total farmed area and yields have continued to increase in the past years becoming a threat to the amazon basin.
(b) Identify and discuss TWO social, political, or cultural conditions necessary for the success of the agricultural practices/technologies of the green revolution.
- Emigration from rural areas to urban areas which resulted in a rapid expansion of urban centers. Since less labor was needed in farms, many people left rural areas due to lack of jobs.
- People started accepting genetically modified crops, which were not well accepted at first. A lot of money was invested in research and development of new seeds, fertilizers and pesticides.
(c) Identify and discuss TWO significant economic or ecological factors that may limit the long-term success of the agricultural practices/technologies of the green revolution.
- Many new agricultural techniques have resulted in a decrease of soil fertility. In many places crops cannot grow unless a lot of fertilizer is used.
- Countries were the green revolution was originally successful, like Mexico (where it started), have reduced the total area dedicated to crops. As the yields increased, the price of food started to decrease and many small farms could not keep operating.
It is true that the expenses decrease and Sales increase the Owner's Equity.
Basically, owner's equity refers to the amount of the business-owner's investment in an asset after total liabilities have been deducted.
- Any revenue into the business increase the owner's equity through business activities
.
- Any expense into the business decrease the owner's equity through business operations.
Therefore, the Option C is correct because the expenses decrease and Sales increase the Owner's Equity
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