Homework Answers
China is one of the fastest-growing economies in this world and there are many reasons behind it definitely government have taken many policy-level changes to obtain such a high goal but apart from it Chinese market has seen a tremendous growth in the decades it is mainly because of increase in global trade and many bilatral trade agreement signed by them and since ages they have a strong hold in Silk industry china is one of the largest producer of silk and most of them are taken from mulberry silkworm since 2005 china has the largest share in silk production and silk exporting country in the world, while in the recent year they are continously increasing their share in the finished product market as well. to develop the market and to provide job opportunity in market government has taken many initiatives like providing tax and power subsideis to new entrepreneur and priotization for their land allotment and many more initiatives has been taken to encouragee investment in that sector, if we will look into the employment opprtunity created by the silk industries nearly ten million people are directly engaged in silk farming and around half million people are working in silk fabricated production industry located in different part of china, most of the silk exported from china go to European countries, Russia and the United States, wild silk which is quiet famous in italy and in many other european countries, is found mostly in China, even 80% of it is being produced in china however nearly 50% of it get exported to italy for fabrication work. Zhejiang Proviences has the highest contribution in silk production of china and it is also known as land of silk, definately china silk production is decreasing in the recent year and it drops from 142000 metric tonnes in the year 2017 to 120000 metric tonnes in the year 2018, this is manily due to continously decerasing raw silk price and other substitutes available in the market even though their are many other factors that has affected the market but increasing substitute and lowering market price is one of them, China is the key player in global tea industry and it can be seen by the total revenue of the country as well, as in the year 2017 total global tea market accounts for around 49.46 billion US dollar whereas in the same year china tea market revenue is around 17.96 billion US dollar thus by looking at the number itself we can say china is one of the biggest player in the industry and they have large share in global market mainly they use to export their tea in countries like Russia, United States and in some part of european countries however they are exporting it to many countries but these constittues for the largest share, in the year 2018 overall production of tea in china is around 2616000 metric tonnes which is highest among all nation worldwide wheras overall global productionn is around 4789000 metric tonnes thus we can say china has a huge market for tea and they are the leader in industry by getting most of the revenue share out of the total world market .if we will look carefuly in the recent decades china is one of the biggest market of porcelain in the world and market has sen a tremendous growth in the last decades definately it is manily due to rapid urbanization and increase in the number of infrastructure projects in the recent year and in the year 2011-15 total demand for porcelain is around 60% of the world total production, which shows their increasing demand and market value, even their has been tremendous growth in china tiles market in the recent year united staes, south korea, and saudi arabia are some of the prominent market for china porcelain industry,
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Describe the Silk, Tea and Porcelain industry in China. Describe the slik, Tea and Porcelain industry...
y. We know that in antiquity because no one in any other China exported silk because...
y. We know that in antiquity because no one in any other China exported silk because no one in duet. From this information we know that e advantage in silk. country knew how to produce this pro A) China had a comparative advantage B) China had an absolute advant C) no comparative advantage co China exported sill for political reasons eve advantage. E) China was unable to profit the world. The two country, multi-product mode model in that, in the...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit Debit 10,700 152,000 5,200 27,000 320,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation - equipment Accounts payable Notes payable - due in three months Salaries payable in Interest payable Common stock Retained earnings Sales revenue Costs of goods sold Salaries expenses Rent expenses Depreciation expense Interest expense Advertising expense Totals 127,000 32,000 32,000 4,200 1,200 210,000 54,400 420,000 190,000 122,000 17,000 32,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 10,500 150,000 5,000 25,000 300,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30,000 30,000 4,000 9,000 200,000 50,000 8,000 400,000 nces 180,000 120,000 15,000 30,000 2,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 10,500 150,000 5,000 25,000 300,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30,000 30,000 4,000 9,000 200,000 50,000 8,000 400,000 180,000 120,000 15,000 30,000 2,000 2,500...
y. We know that in antiquity because no one in any other China exported silk because no one in duet. From this info...
y. We know that in antiquity because no one in any other China exported silk because no one in duet. From this information we know that e advantage in silk. country knew how to produce this pro A) China had a comparative advantage B) China had an absolute advant C) no comparative advantage co China exported sill for political reasons eve advantage. E) China was unable to profit the world. The two country, multi-product mode model in that, in the...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Accounts Debit Credit Cash $ 11,000 Accounts receivable 150,000 Prepaid rent 5,000 Supplies 25,000 Equipment 300,000 Accumulated depreciation $ 135,000 Accounts payable 20,000 Salaries payable 4,000 Interest payable 1,000 Notes payable (due in two years) 30,000 Common stock 200,000 Retained earnings 50,000 Dividends 20,000 Service revenue 400,000 Salaries expense 180,000 Advertising expense 70,000 Rent expense 15,000 Depreciation expense 30,000 Interest expense 2,000 Utilities expense 32,000...
The adjusted trial balance for China Tea Company at December 31, 2021, Is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2021, Is presented below: Credit Debit 11,900 164,000 6,400 39,000 440,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation- equipment Accounts payable Notes payable due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 139,000 44,000 44,000 5,400 16,100 270,000 80,800 79,100 540,000 250,000 134,000 29,000 44,000 3,400...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,900 164 000 6,400 39,000 440,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation- equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 139,000 44,000 44,000 5,400 16, 100 270,000 80,800 13, 700 540,000 250,000 134,000 29,000...
The adjusted trial balance for China Tea Company at December 31, 2021. is presented below: Credit...
The adjusted trial balance for China Tea Company at December 31, 2021. is presented below: Credit Debit 18,500 150,000 5,000 25,000 зеееее Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30.000 30,000 4,000 9.000 200,000 50,000 8.000 400,000 180,000 120,000 15,000 30.oe 2.ee 2,500...
the adjusted trial balance for china tea company at December 31, 2018, is presented below cash...
the adjusted trial balance for china tea company at December 31, 2018, is presented below cash 12,500 account receivable 170,000 prepaid rent 7,000 inventory 45,000 equipment 500,000 accumulated depreciation- equipment 145,000 accounts payable. 50,000 notes payable- due in three months. 50,000 salaries payable. 6,000 interest payable. 3,000 common stock. 300,000 retained earnings. 94,000 sale revenue. 600,000 costs of goods sold 280,000 salaries expense 140,000 rent expense 35,000 depreciation expense 50,000 interest expense 4,000 advertising expense 4,500 totals. 1,248,000. 1,248,000 prepare...
y. We know that in antiquity because no one in any other China exported silk because no one in duet. From this information we know that e advantage in silk. country knew how to produce this pro A) China had a comparative advantage B) China had an absolute advant C) no comparative advantage co China exported sill for political reasons eve advantage. E) China was unable to profit the world. The two country, multi-product mode model in that, in the...
The adjusted trial balance for China Tea Company at December 31, 2018, is presented below: Credit Debit 10,700 152,000 5,200 27,000 320,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation - equipment Accounts payable Notes payable - due in three months Salaries payable in Interest payable Common stock Retained earnings Sales revenue Costs of goods sold Salaries expenses Rent expenses Depreciation expense Interest expense Advertising expense Totals 127,000 32,000 32,000 4,200 1,200 210,000 54,400 420,000 190,000 122,000 17,000 32,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 10,500 150,000 5,000 25,000 300,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30,000 30,000 4,000 9,000 200,000 50,000 8,000 400,000 nces 180,000 120,000 15,000 30,000 2,000...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 10,500 150,000 5,000 25,000 300,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30,000 30,000 4,000 9,000 200,000 50,000 8,000 400,000 180,000 120,000 15,000 30,000 2,000 2,500...
y. We know that in antiquity because no one in any other China exported silk because no one in duet. From this information we know that e advantage in silk. country knew how to produce this pro A) China had a comparative advantage B) China had an absolute advant C) no comparative advantage co China exported sill for political reasons eve advantage. E) China was unable to profit the world. The two country, multi-product mode model in that, in the...
The adjusted trial balance for China Tea Company at December 31, 2021, Is presented below: Credit Debit 11,900 164,000 6,400 39,000 440,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation- equipment Accounts payable Notes payable due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 139,000 44,000 44,000 5,400 16,100 270,000 80,800 79,100 540,000 250,000 134,000 29,000 44,000 3,400...
The adjusted trial balance for China Tea Company at December 31, 2021, is presented below: Credit Debit 11,900 164 000 6,400 39,000 440,000 Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation- equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue Costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 139,000 44,000 44,000 5,400 16, 100 270,000 80,800 13, 700 540,000 250,000 134,000 29,000...
The adjusted trial balance for China Tea Company at December 31, 2021. is presented below: Credit Debit 18,500 150,000 5,000 25,000 зеееее Cash Accounts receivable Prepaid rent Inventory Equipment Accumulated depreciation equipment Accounts payable Notes payable-due in three months Salaries payable Interest payable Common stock Retained earnings Dividends Sales revenue costs of goods sold Salaries expense Rent expense Depreciation expense Interest expense Advertising expense Totals 125,000 30.000 30,000 4,000 9.000 200,000 50,000 8.000 400,000 180,000 120,000 15,000 30.oe 2.ee 2,500...
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