I don't know what your interest rates are but 1.10(10% increasing) is more then 1.01(1% increasing). Does this help?
Answer:
The estimated bad debt expense for the year amounts to $9,400
Explanation:
The estimated bad debt expense for the year is computed as:
As the percentage of credit sales method is used for estimating the bad debt expense. Therefore, it is computed as:
Bad debt expense = Net Credit Sales × Estimate Percent
where
Net credit sales amounts to $188,000
Estimate percent is 5%
So, putting the values above:
Bad debt expense = $188,000 × 5%
Bad debt expense = $9,400
Therefore, the bad debt expense amounts to $9,400
Answer:
Work in process= $192,000
Explanation:
Giving the following information:
Direct materials used in production 40,000
Direct labor 10,000
Variable manufacturing overhead 2,000
Fixed manufacturing overhead $ 140,000
<u>The absorption costing method includes all costs related to production, both fixed and variable</u>. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Work in process= 40,000 + 10,000 + 2,000 + 140,000
Work in process= $192,000
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.
