The changes that were proposed to made to improve the Chinese economy that caused Mao to launch the oppressive Cultural Revolution are-
- It allows workers to compete for wages
- It prosecutes government officials
- It allows farmers to sell excess crops
<h3>What is Cultural Revolution?</h3>
The start of the Cultural Revolution by Mao Zedong As Mao attempted to regain control by mobilizing radical youngsters against the Communist Party leadership, the campaign was fundamentally about upper economics.
These help workers compete for their wages for the work they did. It gives farmers to sell their excess crops and prosecutes the government officials.
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Answer:
Slope = -1
Explanation:
Demand is buyers ability & willingness to buy at a price, time.
Demand Curve is graphical representation of quantity demanded at various prices at y axis, demand at x axis.
Slope = Change in Y i.e ∆Y / Change in X i.e ∆X
'Slope of Demand Curve' is a varied version of 'Price Elasticity of Demand' i.e quantity demanded responsiveness to change in price. Former shows relative change in quantity demanded over a change in price & latter shows change in price for a given change in quantity demanded.
Demand Curve Price at Y axis, Quantity at Axis, Slope= ∆Y/∆X becomes
= ∆P/∆Q. As per given details, ∆P/∆Q = (9-10)/(5-4) = -1/1 = -1
Answer:
Material price variance <u>2830 unfavorable
</u>
Explanation:
Material price variance
<em>A material price variance occurs where materials are purchased at a price either lower or higher than the standard price. A favourable variance is recorded where the actual total cost of materials is lower that the standard cost. While an adverse variance implies the opposite
</em>
Standard material cost of 2 $
28,300 grams should have cost (28,300×$6.90) = 195270
but did cost (actual cost - 28,300×$7.00)= 1<u>98100
</u>
Material price variance <u> 2830 unfavorable</u>
<u />
Answer:
The Journal entries are as follows:
(1)
Cash A/c Dr. $484,087
Discount on Bonds Payable A/c Dr. $15913
To Bonds Payable (a liability account) $500,000
(To record the first semiannual interest payment )
Workings:
Discount on bonds = 500,000 - 484,087
= 15,913
2.
Bonds payable A/c Dr. $200,000
To Cash 200,000
(To record the amortization of any bond discount)
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
