Answer:
Explanation:
US $ = .2994
Polish Zloty = 3.3406 / US$
US $ = 1.2456
Euro = .8028 / US$
US$ = .0752
Mexican Peso = 13.2998 / US$
US$ = .9660
Swiss Franc = 1.0352 / US$
Us $ = -002071
Chilean Peso = 482.8/US$
US$ = .8080
New Zealand dollar = 1.2376 / US$
US $ = .8004
Singapore dollar = 1.2494/US$
$275 =
Workings
If $ 0.2994 = 3.3406 Polish zloty / US$
Using direct conversion by multiplication
Therefore $275 = 275 * 3,3406
= Polish Zloty 918.67
A positive statement is Group of answer choices can be shown to be correct or incorrect. based upon an optimistic judgment. a value judgment. reflects one’s opinions.
Answer: can be shown to be correct or incorrect.
Explanation:
Positive statement are statements that are objective in nature based on research and evidence. This means that they can be shown to be either correct or incorrect.
They are not based on optimistic judgement but on objective judgement. They are not value judgements either and are not meant to reflect one's opinions but rather that of fact.
Which of the following supports a business strategy that incorporates the key
operational capability of flexibility?
O Utilizing specialized, automated equipment for consistent product buildup
O Using electronic tools to improve customer communications
Having high quality standards for suppliers
O Reducing labor and shelving costs
O Maintaining excess production capability
Business strategy that incorporates the key operational capability of flexibility is utilizing specialized, automated equipment for consistent product buildup.
Thus, the correct option is A.
What is Business strategy?
A business strategy explains the precise methods through which a company intends to position itself, accomplish its short- and long-term objectives, and expand over time.
A plan outlining how a corporation will accomplish its objectives is known as a business strategy. Although there are many distinct business strategies, cost leadership, differentiation, and focus are a few typical examples.
Cost, quality, distribution, technology, and intellectual property are the only five corporate tactics (IP). These five concepts, or a mixture of them, form the basis of all corporate strategy. Focusing your business on just one thing is generally the simplest to implement.
A strategy is essentially just a hypothesis. For a strategy to be effective, the issue that needs to be resolved must be accurately diagnosed, a guiding policy must be established to handle the issue, and a set of cogent actions must be proposed to carry out the policy.
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April Industries employs a standard costing system in the manufacturing of its sole product, a park bench. They purchased 60,000 feet of raw material for $240,000, and it takes 5 feet of raw materials to produce one park bench. In August, the company produced 10,000 park benches. The standard cost for material output was $100,000, and there was an unfavorable direct materials quantity variance of $5,000.
A. What is April Industries’ standard price for one unit of material?
B. What was the direct materials price variance for August?
(a) $100,000/10000 = $10
(b)
actual price to produce 1 park bench
= ($240,000/60,000) x 5 = $20
so the direct material price variance in august
= (10-20) x 10,000 = - $100,000
A. The investments were sold for $175,000 cash. B. Equipment and land were acquired for cash. C. There were no disposals of equipment during the year. D. The common stock was issued for cash. E. There was a $90,000 debit to Retained Earnings for cash dividends declared. Prepare a statement of cash flows, using the direct method of presenting cash flows from operating activities. Be sure to complete the heading of the statement. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Use the minus sign to indicate cash out flows, cash payments, decreases in cash, or any negative adjustments.
The net cash on Livers Inc statement of cash flows equals to the amount of $155,000.
Preparation of the statement of cash flows:Livers Inc.
Statement of Cash Flows
For the Year Ended December 31, 20Y3
Cash flows from operating activities:
Net Income $500,000
Adjustments to reconcile net loss to
net cash flow from operating activities:
Depreciation $100,000
Gain on sale of investments
Changes in current operating assets and liabilities
Increase in accounts receivable
Increase in inventories
Increase in Accounts Payable $40,000
Decrease in accrued expenses payable
Net cash flow provided by operating activities $490,000
Cash flows from investing activities:
Cash received from sale of investments $175,000
Less: Cash paid for purchase of land
Less: Cash paid for purchase of equipment
Net cash flow used for investing activities
Cash flows from financing activities:
Cash received from issuance of common stock $125,000
Less cash paid for dividends
Net cash flow from financing activities
Net Increase in cash $5,000
Cash at the beginning of the year $150,000
Cash at the end of the year $155,000
Missing words "The comparative balance sheet of Livers Inc. for December 31, 20Y3 and 20Y2, is shown as follows:
Dec. 31, 20Y3 Dec. 31, 20Y2
Assets
Cash 155,000 150,000
Accounts Receivable (net) 450,000 400,000
Inventories 70,000 750,000
Investments 0 100,000
Land 500,000 0
Equipment 1,400,000 1,200,000
Accumulated Depreciation-equipment (600,000) (500,000)
Total Assets 2,675,000 2,100,000
Liabilities and Stockholders’ Equity
Accounts Payable 340,000 300,000
Accrued Expenses Payable 45,000 50,000
Dividends payable 30,000 25,000
Common Stock, $4 par 700,000 600,000
Paid-in Capital in Excess of par-Common Stock 200,000 175,000
Retained Earnings 1,360,000 950,000
Total Liabilities and stockholders’ equity 2,675,000 2,100,000
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Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand is constantly experiencing low sales for last six months. Being the brand manager you are given a task of carrying out the research to identify the problem. Explain in detail (step-wise) the market research you will carry out to identify the cause. Also provide the plausible trends (outcomes) of the research. You may assume any detail (such as brand name, location, etc.) yourself that is not mentioned here and may be needed for solving the problem. However, mention those details in your solution.
Answer:
Following steps are followed to carry out research for declining sales,
Define the problem
List possible solution
Evaluate each alternative solution
Finalize the solution
Implement the solution
Measure results
Explanation:
Sales is very crucial element for any business. The declining sales at gents clothing brand has created a problem for business managers. The declining sales will results in many problems like, inventory obsolete issues, lesser profits, increase cost and similar. The main reason for declining sales could be change in fashion or trend. Gents clothing is very much impacted by celebrities. If some popular celebrity has changed its way of dressing the impact can be observed in entire fashion industry.
A job analysis report transforms the analysis into three components: an
analysis, a summary, and
?
Work activities, worker attributes, and work context are the three main categories of data used in job analysis.
What is Job analysis?Work analysis is the process of gathering all the essential details about a certain job, including the tasks involved, the knowledge and skills needed to accomplish the job, and the responsibilities and skills necessary for the job to be performed successfully.
One of the most crucial tasks carried out by a human resource manager is job analysis. By defining the relevance, definition, and technique of "job analysis" with an emphasis on the job description & job specification, which are seen as the process's output, this article will help readers understand the concept.
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q Conflict Consequences 2 Difference between critical and Creative thinking. 3. Positive Use & Teisure time 41m Portance & Self Identity Svalues associated with creative Thinking
Critical thinking involves analyzing and evaluating information, while creative thinking involves generating new ideas and solutions. Positive use of leisure time includes engaging in activities that promote personal well-being, learning, self-improvement, socializing, and exploring new experiences.
Difference between critical and creative thinking:
Critical thinking is a cognitive process that involves analyzing and evaluating information or arguments in a logical and systematic manner. It focuses on objective analysis, reasoning, and problem-solving. Critical thinking requires the ability to question assumptions, recognize biases, and assess evidence to form well-reasoned judgments or decisions.
On the other hand, creative thinking involves generating new ideas, insights, or solutions. It is a process of divergent thinking, breaking away from conventional thoughts and exploring alternative perspectives.
Creative thinking often involves combining different ideas, making connections, and thinking outside the box. It encourages imagination, flexibility, and the ability to embrace uncertainty.
While critical thinking aims to assess and evaluate existing information or arguments, creative thinking aims to generate new possibilities or approaches. Critical thinking seeks to analyze and deconstruct, while creative thinking seeks to synthesize and construct.
Positive use of leisure time:
Leisure time refers to the period when individuals are free from work or other obligations and can engage in activities of their choice. Positive use of leisure time involves engaging in activities that contribute to personal well-being, growth, and fulfillment. Here are some examples:
Pursuing hobbies and interests: Engaging in activities such as painting, playing a musical instrument, gardening, or sports can provide relaxation, personal enjoyment, and a sense of accomplishment.
Learning and self-improvement: Using leisure time to learn new skills, read books, take online courses, or engage in personal development activities can enhance knowledge, broaden perspectives, and foster personal growth.
Physical and mental well-being: Allocating leisure time for exercise, meditation, yoga, or other wellness activities promotes physical fitness, reduces stress, and enhances overall well-being.
Socializing and building relationships: Spending leisure time with family, friends, or participating in community activities helps foster social connections, build relationships, and strengthen support networks.
Exploring new experiences: Traveling, visiting museums, attending cultural events, or trying new cuisines broadens horizons, provides exposure to different cultures, and creates memorable experiences.
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In a traditional economy, which group is most responsible for producing the goods people in society need?
A. private business
B. Family members
C. International corporations
D. Government agencies
Answer:
B. Family members
Explanation:
A traditional economy is based upon the customs, beliefs, and history of the community. Age-old traditions and beliefs guide economic decisions of production and distribution. The traditional economy is motivated by the social well being of its members and not by profits.
The main economic activities under the traditional economy revolves are subsistence farming, fishing, and hunting. These activities are carried out in family settings. In other words, family members provide labor for economic activities.
The answer is Family Members for A P E X
which of the following is the mission of the federal reserve bank? i. preserve price stability ii. foster economic growth and employment iii. promote a stable financial system
Answer:
Explanation:
iii. promote stable financial system....or maybe
ii. foster economic growth and employment
becz........
The mission of the Federal Reserve System is to foster the stability, integrity, and efficiency of the nation's monetary, financial, and payment systems so as to promote optimal macroeconomic performance. to the public....
The objective of the Federal Reserve Bank is to support a stable financial system, encourage economic growth, and create jobs. The right answers are therefore (ii) and (iii).
What do you know about federal reserve bank?The most recent organizations established by the American government to fulfill the duties of a central bank are the Federal Reserve Banks. Previous organizations include the Independent Treasury (1846–1920),
the National Banking System, the First (1791–1811) and Second (1818–1824) Banks of the United States, among others (1863–1935).
With respect to these institutions, there are several policy issues that need to be addressed, such as the extent to which private interests can sway decisions, how to balance regional and national economic concerns,
how to avoid financial panics, and what kind of reserves should be used to support currencies.
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A Market share is usually stated as a
Answer:
stock
Explanation:
a stock is a a share of a company
how the fourth industrial revolution affects education
The fourth industrial revolution, also known as Industry 4.0, is bringing about a massive transformation in the way we live, work and learn.
What is industrial revolution?The Industrial Revolution was a period of time in the 18th and 19th centuries when major changes in agriculture, manufacturing, and transportation had a profound effect on the socioeconomic and cultural conditions in Britain.
It is characterized by the increased use of technologies such as artificial intelligence (AI), the Internet of Things (IoT), robotics, and 3D printing. These changes are having a profound effect on education, from the way students learn to the way teachers teach.
One of the major impacts of the fourth industrial revolution on education is the shift from traditional instructional methods to more personalized, adaptive learning. With the use of AI and machine learning, students can now receive tailored instruction and content that is tailored to their individual learning styles and needs. This not only helps to increase student engagement and achievement, but also helps teachers to better meet the needs of their students.
Another way the fourth industrial revolution is affecting education is through the increased use of technology in the classroom. Technologies such as virtual reality and augmented reality are being used to create immersive learning experiences, while collaborative platforms are being used to facilitate group discussions and activities. This increased use of technology is allowing students to gain more hands-on experience and to better understand complex concepts.
Finally, the fourth industrial revolution is also having an impact on how students are assessed. With the use of AI and machine learning, teachers are able to gain insights into student performance and assess them in real time. This not only allows for more accurate assessment and feedback, but also helps to ensure that students are learning the material effectively.
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an advertisement has been placed on your company’s and on major recruitment websites for a great opportunity to be employed as country manager at abc insurance company in the uae. you read the job description and believe you are a fir for this position. you want to negotiate with the general manager, dr david smith, that you would like to excel and get promoted as the ‘country manager’, from your current position as the ‘dubai’s branch manager’. this position will provide you with many opportunities such as a higher salary, more responsibilities, and utilizing more of your technical and leadership skills. in addition, you have been working with the company since september 2015 as a full-time employee and have made enormous contributions to the organization. from your experience, you have also determined that dr smith is a ‘thinker’ personality type as per the myers-briggs type indicator.
What are the essential techniques and strategies in the context of negotiation?
An advertisement, otherwise known as an advert or ad, is generally considered a public communication that promotes a product, service, brand, or event.
What is an advertisement?Advertisement sometimes referred to as an advert and ad, is typically seen as a form of public discourse that supports a good, service, organization, or event. Some people may view the phrase as going even further than that, encompassing any form of sponsored advertising intended to inform or persuade.
Direct mail, comparative, cooperative, educational, and outdoor advertising are a few types of product advertising. Television, radio, print, websites, social media, outdoor/billboards, as well as digital placement are all examples of advertisement channels.
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Isaac Inc. began operations in January 2021. For some property sales, Isaac recognizes income in the period of sale for financial reporting purposes. However, for income tax purposes, Isaac recognizes income when it collects cash from the buyer's installment payments. In 2021, Isaac had $676 million in sales of this type. Scheduled collections for these sales are as follows:
2021 $83 million
2022 137 million
2023 129 million
2024 162 million
2025 165 million
$676 million
Assume that Isaac has a 25% income tax rate and that there were no other differences in income for financial statement and tax purposes.
Required:
What deferred tax liability would Isaac report in its year-end 2021 balance sheet?
Answer:
$148.3 million
Explanation:
Calculation to determine the deferred tax liability that Isaac would report in its year-end 2021 balance sheet
Using this formula
Deferred tax liability=Total future taxable income × Tax rate
Let plug in the formula
Deferred tax liability=(2022 137 million+2023 129 million+2024 162 million+2025 165 million)*25%
Deferred tax liability=$593 million*25%
Deferred tax liability=$148.3 million
Therefore the deferred tax liability that Isaac would report in its year-end 2021 balance sheet is $148.3 million
Department 1 of a two department production process shows: Units Beginning Work in Process 10,000 Ending Work in Process 50,000 Total units to be accounted for 160,000 How many units were transferred out to Department 2?
Answer:
20000 for ending work 100000 total & 320000 are accounted for
Please identify one problems from product markets and explain it solutions in business environment
Answer:
invisibility or stagnation, the solution to stagnation is making sure there is always a challenge in the job, if you choose to accept stagnation then you might turn into the blockbuster and netflix situation, if you want more info on it look up blockbuster and netflix.
Explanation:
Identify and describe the types of isp service along with the internet connection methods in use today
Explanation:
internet access, email access, domain name registration web hosting,co location
10 POINTS HELP HELP HELP
10% of the facility and increase the overall costs of maintaining the space by 11%. If the incremental method were used, what amount of cost would be allocated to the start-up business
Answer:
the cost that allocated to the start up business is $61,600
Explanation:
The computation of the amount of the cost that allocated to the start up business is given below:
= Manufacturing facility costing × maintaining the overall cost percentage
= $560,000 × 0.11
= $61,600
Hence, the cost that allocated to the start up business is $61,600
We simply applied the above formula so that the amount could come
Which of the following statements is the primary reason why the
company emphasizes the importance of ethical behavior?
It helps the company build trust and maintain our positive reputation.
It directly improves the quality of the products we manufacture and sell.
It streamlines our operations and allows us to do more with less.
It provides us with opportunities to lower our prices in certain markets.
The statements which serves as the primary reason why the company emphasizes the importance of ethical behavior is that It helps the company build trust and maintain our positive reputation.
What are ethical behavior?Ethical behavior can be described a the behaviors that follows the ethics which serves as the guidelines as well as the rules that is been set up by the firm in caring out their daily operation in the firm.
It should be noted that these behaviors could be integrity, honesty however they are very essential so that the company can build trust as well as good reputation.
Therefore, the first option is correct.
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your organization is experiencing severe cash flow problems and you are required to minimize costs in your small project as much as possible. which of the processes could you consider eliminating in such a scenario?
In light of this, if you're unsure of how to spend your extra money, try investing it in one of these areas.
What are the many kinds of cash?Bills, coins, bank deposits, payment orders, and checks are all examples of cash. Cash is utilized to pay off debts or to buy products and services. Post-dated checks and accrued liabilities are examples of items that do not fit the concept of cash.
What do accounts with cash mean?What is money? In accounting and finance, the phrase "cash" refers to instantly available funds (currency).. It might be stored physically, retained digitally, or put into a short-term money market. Cash only refers to money that is physically present while discussing economics.
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Old Economy Traders opened an account to short-sell 1,300 shares of Internet Dreams at $46 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $46 to $59, and the stock has paid a dividend of $3.50 per share. a. What is the remaining margin in the account? (Round your answer to the nearest whole dollar.)
Answer: $8450
Explanation:
First, we need to calculate the total initial asset which will be the value of shares sold and the margin which will be:
= (1300 × $46) + (50% × 1300 × $46)
= $59800 + $29900
= $89700
We will then calculate total liability which will be:
= (1300 × $59) + (1300 × $3.50)
= $76700 + $4550
= $81250
The remaining margin will then be:
= $89700 - $81250
= $8450
FILL IN THE BLANK. the texas apartment association, the texas restaurant association, and the beer alliance of texas are all examples of______.
The Texas Apartment Association, Texas Restaurant Association, and the Texas Beer Alliance are the examples of Retail trade groups.
What are Retail Trade Groups?To meet consumer demand, millions of products are produced. These goods range in price from low-cost purchases to expensive things for daily use. Retail trading describes the sale of products to the final user. In a distribution channel, it typically happens at the end. Wholesalers purchase large amounts of things after they have been produced. Depending on the size of the business, the wholesalers may be used by the retail merchants or occasionally the producers themselves. The sale of finished goods and products to customers is known as "retail commerce" in the business world. Retail business owners buy the necessary products from wholesalers, who then procure them from manufactures. Additionally, they have the option to purchase the goods straight from the suppliers.
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Using the following year-end information for WorkFit calculate the acid-test ratio:
Cash 58110
Short-term investments 14000
Accounts receivable 58000
Inventory 270000
Supplies 5600
Accounts payable 108000
Wages payable 31,900
a. 0.77
b. 0.42
Answer:
0.97
Explanation:
The computation of the acid-test ratio is given below:
= Quick assets ÷ current liabilities
= (cash + short term investment + account receivable + supplies) ÷ (accounts payable + wages payable)
= ($58,110 + $14,000 + $58,000 + $5,600) ÷ ($108,000 + $31,900)
= $135,710 ÷ $139,900
= 0.97
A customer buys 100 shares of ABC stock at $44 and sells 1 ABC Jan 45 Call at $5. Subsequently, the market price of ABC goes to $59 and the call contract is exercised. The customer has a:
Answer:
loss = $1,000
Explanation:
the customer will receive $5 (call price) + $44 (call price) = $49 for every share that he/she owns.
since the market price was $59, then the customer lost $59 - $49 = $10 for every share that he/she owned, resulting in a total loss = $10 per share x 100 shares = $1,000
A call option gives the buyer the option to purchase a stock at a set price during a specific time frame.
Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the company’s processing departments:
Units in beginning inventory 400
Units started into production 3,000
Units in ending inventory 300
Units transferred to the next department 3,100
Materials Conversion
Percentage completion of beginning inventory 80 % 40 %
Percentage completion of ending inventory 70 % 60 %
The cost of beginning inventory according to the company’s costing system was $11,040 of which $8,120 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $132,730. The costs per equivalent unit for the month were:
Materials Conversion
Cost per equivalent unit $ 25.40 $ 18.20
1. Compute the total cost per equivalent unit for the month.
2. Compute the equivalent units of material and conversion in the ending inventory.
3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory.
4. Compute the number of units started and completed during the month.
5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month.
6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month.
1. Total cost per equivalent unit $43.60
2. Equivalent unit in ending inventory 210; 180
3. Equivalent unit in beginning inventory 320; 160
4. Cost of unit started and completed 2,700
5. Cost of ending WIP $5,334 $3,276
Total $8,612
6. Cost of the units transferred to the next department $84,828 $54,972
Total $139,800
1. Computation the total cost per equivalent unit for the month.
Total cost per equivalent unit =$ 25.40 +$ 18.20
Total cost per equivalent unit=$43.60
2. Computation for the equivalent units of material and conversion in the ending inventory.
Material Conversion
Equivalent unit in ending inventory
300×70% = 210 300×60% = 180
3) Computation for the equivalent units of material and conversion that were required to complete the beginning inventory.
Material Conversion
Equivalent unit in beginning inventory 400×80% =320 400×40% = 160
4) Computation for the number of units started and completed during the month.
Cost of unit started and completed = 3,100-420
Cost of unit started and completed= 2,700
5. Computation for the cost of ending work in process inventory for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP
210×$25.40=5,334 180×18.20=3,276
Total =5,334+3,276
Total=$8,612
6. Computation the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP (3,020×$25.40+$8,120) (2,860×$18.20+$2,920)
Cost of ending WIP $84,828 $54,972
Total=$84,828 +$54,972
Total=$139,800
(2700+320=3,020)
(2,700+160=2,860)
($11,040-$8,120=$2,920)
OR
Cost of units transferred out
Material Conversion
Cost of beginning work in progress 8,120+ 2,920
Total=11,040
Cost incurred on remaining work in progress =(320×$25.40) + (160×$18.20)
Total =8,128+2,912
Total =$11,040
Cost of unit started and completed during the month=(2,700×$25.40) (2,700×$18.20)
Total=68,580+49,140
Total=117,720
Cost of the units transferred to the next department =$11,040+$11,040+117,720
Cost of the units transferred to the next department =$139,800
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Evaluate the statement "Accounting is all about numbers.". Using the definition of accounting to
justify your answer. (10 marks, maximum 250 words)
Answer:
To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well.
Explanation:
Accounting is the measurement, processing and communication of financial and non-financial information about economic entities such as business and corporations.
To say "Accounting is all about numbers." is incorrect since Non- Financial or Non Qualitative information must be communicated on economic entities as well .These Non - Financial information included the Corporate Activities which has impacts on Community (People) and the Environment (Planet).
The US Senate overwhelmingly passed the 2022 Defense Authorization Act. The $768 billion "Defense Authorization Act" not only exceeds the defense spending proposed by the Biden administration by $25 billion, but also increases the US defense budget by about 5% compared to last year.
The US Senate passed the 2022 Defense Authorization Act, a $768 billion bill that surpasses the Biden administration's defense spending proposal by $25 billion and represents a 5% increase in the US defense budget compared to the previous year.
1. The US Senate passed the 2022 Defense Authorization Act.
2. The Defense Authorization Act is a bill that determines the budget and expenditures for the US defense sector.
3. The total amount allocated for the Defense Authorization Act is $768 billion.
4. The defense spending proposed by the Biden administration was exceeded by $25 billion in this Act.
5. The Act represents a 5% increase in the US defense budget when compared to the previous year.
6. This increase in the defense budget indicates a commitment to strengthening the country's defense capabilities.
7. The Act was passed overwhelmingly, indicating strong support from the Senate.
8. The Defense Authorization Act is an essential piece of legislation that ensures the funding and resources necessary for the US military to carry out its operations effectively.
9. The Act covers various aspects of defense spending, including military personnel, equipment, research and development, and strategic initiatives.
10. By passing the Defense Authorization Act, the US Senate has demonstrated its commitment to national security and defense preparedness.
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what are the advantage and dis advantage of advertising for a hotel?
Answer:
heres are the pro/advantages and cons/disadvantages of advertising.
Explanation:
Pros Cons
Expands the market Encourages monopolistic control
Increases sales Ad cost might exceed sales
Fights competition Pushes out small businesses
Educates consumers Misleads consumers
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Question: SANDHILL CO. Balance Sheet Assets Cash $29,100 Supplies (a) Equipment (net) 61,000 Total assets $...
Answer:
Supplies and total assets is $6,800 and $96,900
Explanation:
The computation of the total asset is
= Cash + supplies + equipment
= $29,100 + supplies + $61,000
= $29,100 + $6,800 + $61,000
= $96,900
For total assets we have to determine the total of liabilities and equity i.e.
= Note payable + common stock + retained earnings
= $23,900 + 36,600 + $36,400
= $96,900
page 336 9.1. what were the main elements of the market revolution? review the following video in which author eric foner discusses the cotton kingdom. according to the textbook, and the video with dr. foner, which of the following statements regarding the growth of the cotton kingdom are true?
Mechanization, transportation and commercial farming were the main elements of the market revolution.
The growth of cotton production in the South was tied to commerce in the North, as cotton export involved northern merchants, financiers, and craftspeople regarding the growth of the cotton kingdom is true.
What is market revolution?
The 1820s and 1830s saw the market revolution in the United States, a transition from moral economies to a capitalist system in both the economy and culture.
A traditional economy focused on the idea of face-to-face interactions between individuals of familiar relations is known as a moral economy. The market revolution sparked the development of capitalism systems of government and accelerated urbanization.
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