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Solnce55 [7]
2 years ago
4

As the wealth of economically advanced nations has increased, the phenomenon of ecotourism has emerged, where the beauty of unsp

oiled or particularly beautiful lands acquire a value because tourists will travel to them and pay large sums of money to appreciate them. All of the following statements about ecotourism are true, except:a. Ecotourism is a big and growing business. b. The definition of ecotourism is a little vague. c. Ecotourism needs careful management. d. Ecotourism implies that it is more lucrative for low-Income countries to cut down forests rather than preserve wildlife habitats.
Business
1 answer:
igomit [66]2 years ago
7 0

Answer:

Ecotourism is a big and growing business.

Explanation:

Ecotourism is defined as a form of tourism where visits are made to natural environments without damaging or disturbing the habitat.

It focuses on preserving the environment, and is a low impact alternative to mass tourism. Visits are made to fragile and pristine locations that need proper care.

Because it is usually small scale ecotourism cannot be seen as a big and growing business. Emphasis is not on profit but environmental protection.

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Gabriella strongly prefers a specific brand of gourmet coffee. Since there is only one store in her area that sells her brand, s
omeli [17]

Answer:

A. True

Explanation:

For her it is a specialty good because it not sold everywhere, therefore she makes the extra effort.

7 0
2 years ago
Omega Company's accountants have just completed the income statement and balance sheet for the year and have provided the follow
sdas [7]

Answer:

$2,217

Explanation:

The preparation of the cash flows from operating activities using the direct method is shown below:

Cash flow from Operating Activities - Direct Method

Cash Receipt from Customers    $20,850

(Sales revenue + reduction in Account receivable)

Less: Cash Payment to supplier   -$9,129

(Cost of Goods sold - increment in Account payable + Increment in inventory)

Less: Cash Payment for Salaries  -$4,142

(Salaries Expense - Increment in Salaries Payable)

Less: Cash Payment for Rent  -$2,827

(Rent Expense - Increment in Rent Payable - reduction in Prepaid Rent)

Less: Cash Payment for Insurance   -$935

(Insurance Expense + Increment in Prepaid Insurance)

Less: Cash Payment for Utilities  -$870

(Utilities Expense - Increment in Utilities Payable)

Less: Cash Payments for Bond interest  -$730

Net Cash Provided by Operating Activities  $2,217

7 0
2 years ago
Portfolio diversification eliminates: Multiple Choice all investment risk. the portfolio risk premium. market risk. unsystematic
kaheart [24]

Answer:

Unsystematic risk

Explanation:

<em>The portfolio theory posits that the total risk on a collection of assets (i,e a portfolio) can be reduced by spreading the invested fund into different assets that are uncorrelated.</em>

<em>According to this model, the total risk on a portfolio is divided into systematic and unsystematic risks. The theory assumed by diversification, the unsystematic risk associated with a portfolio is eliminated.</em>

Unsystematic risk essentially are those unique individual assets for example. if we invest in company stock, risk associated with factors like bad management , law suit against a company, defect in company;s products are example of unique or systematic risks

7 0
2 years ago
On January 1, 2017, Christel Madan Corporation had inventory of $56,000. At December 31, 2017, Christel Madan had the following
lara [203]

Answer:

Gross Profit = $304,050

Operating expenses = $162,050

Explanation:

The computation of gross profit and operating expenses is shown below:-

Net purchases = Purchase - Purchase discounts - Purchase returns and allowances

= $505,500 - $7,250 - $3,500

= $494,750    

Cost of goods sold = Net purchases + Freight-in + Inventory + Ending inventory

= $494,750 + $4,100 + $56,000 - $66,000

= $488,850    

Gross profit = Net sales - Cost of goods sold

= ($810,000 - $5,100 - $12,000) - $488,850

= $304,050

Operating expenses = Gross profit - Net income

= $304,050 - $142,000

= $162,050

7 0
2 years ago
Absorption and Variable Costing Comparisons: Production Equals Sales Assume that Smuckers manufactures and sells 30,000 cases of
pantera1 [17]

Answer:

a:<u>Total Variable Costs        $26 </u>    

a:<u>Total Manufacturing Costs = $ 30</u>  

b:<u>Net Income </u><u><em>Variable Costing</em></u><u>  $100,000</u>  

b: <u>Net Income  </u><u><em>Absorption Costing</em></u><u>  $ 100,000</u>

Explanation:

Smuckers Manufacturers

<u>Costs per case under  Variable Costing</u>

Direct materials per case 16

Direct labor per case 7

Variable manufacturing overhead per case 3

<u>Total Variable Costs        $26 </u>        

<u>Costs per case under  Absorption Costing</u>

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total Variable Costs                                                       780,000

Total fixed manufacturing overhead                           $120,000

Total Manufacturing Costs                                         $ 900,000

<u>Total Manufacturing Costs per Case= $ 900,000/ 30,000= $ 30</u>

The difference between the variable and absorption costing is that the product costs include variable and fixed costs in absorption costing. But in variable costing the product costs include only variable costs.

<u><em> SMUCKERS </em></u>

<u><em>Variable Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

<u><em></em></u>

Sales (30,000*34)                                                       1020,000  

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total Variable Costs                                                       780,000

Contribution Margin                                                        240,000

Fixed Expenses                                                               140,000

Total fixed manufacturing overhead      $120,000

Fixed selling and administrative 20,000

<u>Net Income                                                                   100,000</u>

In this case the net income under both variable and absorption costing does not change because the units produced are units sold. No cost is charged to ending inventory under absorption costing.

<u><em>SMUCKERS </em></u>

<u><em>Absorption Costing Income Statement </em></u>

<u><em>For the Third Quarter of 2017 </em></u>

Sales (30,000*34)                                                       1020,000  

Direct materials (30,000*16)              480,000

Direct labor (30,000*7)                    210,000

Variable manufacturing overhead  (30,000*3)   90,000

Total fixed manufacturing overhead      $120,000

Total Manufacturing Costs                                              900,000

Gross Profit                                                                   120,000

Fixed Expenses                                                               20,000

Fixed selling and administrative 20,000

<u>Net Income                                                                   100,000</u>

3 0
2 years ago
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