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Allisa [31]
4 years ago
12

Some individuals decry the decline of the small family farm and its replacement with the huge corporate megafarm. Discuss the po

ssibility that this is a consequence of economies of scale.
Business
1 answer:
lana66690 [7]4 years ago
8 0

Answer:

Explanation:

To be able to scale with the growing economy small farms must become more competitive with the price. This means that they should be a reduction of total cost. To do this very well it equal its mass production in this case means “Large farms” it is the results in lowering the cost. The uses of machinery reduces labor cost and increases great yield in the output. The small farms cannot be able to compete with this, but , many people are become aware of the terrifying conditions these animals in the “large farms” are being raised in and king of treatments they receive. which we are seeing that people are showing and willing to give up some cheap price cost that comes with paying more to purchase local small farm meats.

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Raphael Corp. incorrectly expensed a major addition to equipment when the company should have capitalized the expenditure. What
noname [10]

When Raphael Corp. incorrectly mentioned an expense of equipment addition instead of capitalizing the effect of the same, then in such case, the net income of the company is understated in the financial statements.

<h3>What is net income?</h3>

The income which is left at the end of an organization at the end of a financial period after making all the regulatory and compliant payments and deductions, such as taxes and depreciation, it is known as net income.

Hence, the significance of net income is aforementioned.

Learn more about net income here:

brainly.com/question/15570931

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7 0
2 years ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

4 0
3 years ago
Read 2 more answers
National income accountants can avoid multiple counting by.
denis-greek [22]

Answer:only counting final goods

Explanation:

3 0
2 years ago
2018, the westgate construction company entered into a contract to construct a road for santa clara county for $10,000,000. the
Firlakuza [10]

Answer:

2018: 28% 2,800,000

2019: 22% 2,200,000

2020: 50% 5,000,000

Explanation:

2018 revenue

total cost:

2,044,000 + 5,256,000 = 7,300,000

percentage of completion: 2,044,000/7,300,000 = 28%

revenue recognition: 10,000,000 x 28% = 2,800,000

2019 revenue

cost: 2,628,000 + 2,628,000 = 5,256,000

percentage of completion: 2,628,000 / 5,256,000 = 50%

revenue recognition: 10,000,000 x (50% - 28%) = 2,200,000

2020 revenue

as the company's finished the cosntruction it recognzie the entire amount left

10,000,000 - 2,800,000 - 2,200,000 = 5,000,000

7 0
3 years ago
An aging of a company's accounts receivable indicates that the estimate of uncollectible accounts totals $6,400. If Allowance fo
horsena [70]

Answer:

Debit to Bad Debt Expense for $7,700

Explanation:

Based on the information given we were told that company's accounts receivable shows the estimate of uncollectible accounts totals of the amount of $6,400 while the Allowance for Doubtful Accounts has the amount of $1,300 as the debit balance. This means that the adjustment to record the bad debt expense for the period will require a

Debit to Bad Debt Expense for $7,700 Calculate as:

Dr Bad Debts 7700

(6300+1300)

Cr To Allowance for Doubtful Accounts 7700

8 0
3 years ago
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