The Erie canal was able to connect industries and consumers in the east with c. Midwestern farmers.
The Erie Canal:
- Was completed in 1825
- Connected New York City and the Great Lakes
- Allowed for goods to be shipped to and from the New York to the Great Lakes
The Great Lakes were accessible to farmers in the midwestern region and after the Erie Canal was built, farmers were able to send their produce via the Great Lakes and through the Erie Canal to New York City where it could be purchased by industries and people or shipped internationally.
In conclusion, the Erie canal was very important to midwestern farmers as it increased their reach.
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Options for this question include:
a. Southern planters
b. Canadian fur traders
c. Midwestern farmers
d. New England fishers
Answer:
Credit Treasury Stock $20,000
Explanation:
Treasury shares are those share which is bought back by the company. Treasury stock account is the contra equity account which is deducted from the equity value.
Journal Entry for Re-issuance of treasury stock
Dr. Cash ( 1,000 x $11 ) $11,000
Dr. Add-in capital Treasury stock $9,000
Cr. Treasury Stock ( 1,000 x $20 ) $20,000
Due to debit nature of treasury stock it is credit to reduce the balance of treasury stock.
Answer:
Appropriate expression for profit = MaxZ = (p1-2)x1 +(p2-3)x2
Explanation:
to calculate the appropriate expression for objective of maximizing profit, there's a need to first present our data as seen below
Now given that:
Cost of catnip ball $2
Cost of mouse = $3
Price of catnip ball = p1
Price of mouse = p2
Demand of catnip ball = x1
demand of mouse = x2
Profit of catnip ball = p1-2
Profit of mouse = p2-3
Appropriate expression for profit = MaxZ = (p1-2)x1 +(p2-3)x2
Answer:
A. Manufacturing overhead was overapplied by $15,000; Cost of Goods Sold after closing out the Manufacturing Overhead account is $274,000
Explanation:
Budgeted Overheads are usually used to compute the Cost of Goods Sold bu Manufacturing Firms.This is because the use of Actual overheads delays the product costing process.
OverApplied or UnderApplied = Applied overheads-Actual Overheads
and if:
Applied overheads>Actual Overheads we have Overapplied Overheads
Applied overheads<Actual Overheads we have Underapplied Overheads
Overapplied Overheads reduce the cost of Overhead Account and Consequently reduce cost of Sales.
Underapplied Overheads increase the cost of Overhead Account and Consequently increase cost of Sales.
