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2 years ago

The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans

Business

1 answer:

devlian [24]2 years ago

6 0

Answer:

Prior to 1990, there were a number of nurseries within the valley as well as a few outside that cultivated flowers, but the trend then was more towards producing potted plants, seeds, bulbs and suchlike. There was no large market for cut flowers of the variety available now, in part because there was very little demand due to a lack of market exposure to cut flowers. People in Kathmandu just did not use them on a regular basis. According to nursery owners, there was at that time only a small demand amongst the expatriate community and amongst the Indian community. On November 15 1992 however, the Floriculture Association of Nepal or FAN was formed, and this marked the beginning of the floriculture industry in Nepal.

FAN was formed by 11 nursery owners with the objective of promoting and enhancing the floriculture industry and the emergence of flowers in the Katmandu market can in fact be attributed to the training in flower arrangement that FAN conducted in 1993. Following this training, they initiated the opening of a wholesale market and the support FAN gave to the organization 'Women in Floriculture' project enabled several entrepreneurs to set up flower retail outlets. This supply driven demand resulted in flowers being made available in the market and the market responded by taking up this supply. Business has since improved as demonstrated by the change in demand from around 100 rose stems a day in 1992 to 3000 stems in 2003 and from 100 gladiolus stems in 1992 to 6000 in 2003. Figures from FAN put the total sale of cut flowers at 10 million in 1992, which went up to 70.2 million in 2003.

The domestic market for cut flowers is in fact increasing according to Suresh Bhakta Shrestha of Standard Nursery in Bansbari. He says that in 1993 150 thousand Nepali Rupees was the total turnover for all the shops that sold flowers in Kathmandu. This figure is now around 80 to a 100 thousand Rupees per month per shop! Latest figures also suggest that there are there are currently around 300 nurseries and 40 retail shops within the Kathmandu valley. This information suggests that floriculture has grown very rapidly and that the flower culture here continues to grow.

Explanation:

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Wu Company incurred $117,000 of fixed cost and $132,600 of variable cost when 3,400 units of product were made and sold. If the

Setler79 [48]

Answer:

If the company's volume increases to 3,900 units, the total cost per unit will be $69 per unit

Explanation:

Variable cost per unit = variable cost/3,400 = $132,600/3,400 = $39

If the company's volume increases to 3,900 units:

Total Variable cost = Variable cost per unit x 3,900 = $39 x 3,900 = $152,100

Total fixed cost will not change = $117,000

Total cost = Total Variable cost + Total fixed cost = $152,100 + $117,000 = $269,100

The total cost per unit = Total cost/3,900 = $269,100/3,900 = $69 per unit.

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2 years ago

A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years? Round the

xz_007 [3.2K]

Answer:

$3,900

Explanation:

A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its value after 7 years?

Round the answer to nearest dollar.

Amount of depreciation per annum = 13,000 x 10% = $1,300

Amount of depreciation in 7 years = 1,300 x 7 = $9,100

Value of Speed boat after 7 years = 13,000 - 9,100 = $3,900

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2 years ago

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is

olchik [2.2K]

Steve is good at setting up and managing groups of computers for large cities. In which Information Technology career pathway is he most likely to get a job? Steve would most likely get a job in the computer engineering career field if he is good at setting up and managing groups of computers for large cities. This type of job requires someone who is computer savvy, understands what could happen and how to fix it so a large company that runs in large cities are not without computer access for too long. A computer engineer designs and develops computer systems and other tech devices.

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2 years ago

Read 2 more answers

Bill Mitselfik has purchased a bond that was issued by Acme Chemical. This bond has a face value of $1 comma 000 and pays a div

Vlad [161]

Answer:

The correct answer is $1,114.64

Explanation:

According to the scenario, the given data are as follows:

Rate (Semiannual) = 6% ÷ 2 = 3%

Time period = 5 years

Time period (semi annual) (Nper) = 5 × 2 = 10

Face value (PV) = $1,000

payment (pmt) = $1,000 × 4%/2 = $20

We can calculate the FV by using financial calculator,

The attachment is attached below.

So, the Price = $1,114.64

8 0

2 years ago

25,000 shares reacquired by Elixir Corporation for $53 per share were exchanged for undeveloped land that has an appraised value

Olegator [25]

Answer:

XX date. Acquisition of land in exchange for treasury stock.

Dr Land $1,550,000

Cr Treasury Stock $1,325,000

Cr Paid in Capital $225,000

Explanation:

Since the corporation uses the cost method, the transaction is recorded at purchase value regardless of current stock price.

treasury stock = 25,000 x $53 = $1,325,000

paid in capital = ($62 - $53) x 25,000 = $225,000

cost of the land = $1,325,000 + $225,000 = $1,550,000

7 0

2 years ago

The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans​

The importance of flower farming is increasing day by day in nepal. Justify this statement. please write long ans