the main reason the industrial revolution first occurred in Britain was that in Britain the price of coal was low relative to labor. Thus, making everyone want to own and make products using the steam engine which ultimately created the first industrial revolution.
The Industrial Revolution, which took place between roughly 1760 and between 1820 and 1840, was the adoption of new manufacturing techniques in Great Britain, continental Europe, and the United States. This transition encompassed the switch from manual to mechanical production methods, the invention of new ways of producing chemicals and the iron, the expansion of steam and water power, the creation of machine tools, and the growth of the mechanized factory system.
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Answer:
Explanation:
The journal entry is shown below:
Inventory A/c Dr $73,500
To Accumulated depletion A/c $73,500
(Being the depletion is recorded)
The computation is shown below
First we have to compute the depletion per ton which is shown below:
= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)
= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)
= $105
Now if 700 are extracted in first year, so the depletion would be
= 700 × $105
= $73,500
Answer: $2,400
Explanation:
The best transfer price is the related cost to the division in question and this is usually the Variable cost of production.
Since there is excess capacity, we can assume that no benefits will be lost in transit.
To calculate therefore, we simply add up all the Variable costs of production.
= Direct labor + Direct Material + Variable Overhead.
= 1,300 + 700 + 400
= $2,400
$2,400 is the best transfer price to avoid transfer price problems.
Sanctions put prohibited on actions related to specific nations, conduct themes, commodities and services, or people and companies. Cuba's economy is a mixed command economy that is predominately made up of state-run businesses.
The state employs the vast majority of the labour force. The Cuban Communist Party, which was in power throughout that decade, prohibited the creation of worker cooperatives and independent business ventures. Financial and trade limitations imposed on a foreign nation are referred to as economic sanctions. These limitations are meant to make life difficult for the citizens of the foreign country so that they would put pressure on the government to change its political policies.
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brainly.com/question/1083983
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Answer:
True.
Explanation:
According to the indirect method of cash flow statement, we will add net changes in working capital with net income and non-cash items.
Net income for the year $29,500
Cash flow from operation:
Add: Accounts receivable increased ($2,500)
Accounts payable increased $5,400
Cash flow provided by operating activities = $32,400
Therefore, the statement is true.
