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What are raw materials and cash crops?

Raw materials and cash crops are agricultural products. Many plants produced for sale by agricultural endeavors are natural resources for other products and processes.


What is journal entry of purchase of raw material on cash?

The journal entry is as follows: [Debit] Raw material XXXX [Credit] Cash/bank XXXX


What is the relationship between cash crop (tobacco) and raw material?

A cash crop is one that you grow to sell rather than use yourself. A raw material is what you start with to make something else. There is no specific connection between them, but obviously a cash crop might be used as a raw material, for instance sugar cane for bioethanol.


How is cash crop and raw material related?

I don’t know


Which agricultural crops is used as raw material for chocolate?

coca beans


Is a cash crop and a raw material related?

Short answer, yes. They are the same thing. Long answer: A raw material is a resource that has not been processed yet. A tree would be a raw material, but the furniture made from it would not.


What are the different between an operating cycle and a cash conversion cycle?

Operating cycle is the period in which company purchase raw material and good manufactured from that raw material while cash cycle is investing cash in inventory to manufacture the goods and selling the goods and earning cash from that sales and after that collecting cash from debtors.


Which raw material is used to prepare bio-fuels?

Biofuels are primarily produced from biomass, which includes a variety of raw materials such as agricultural crops (like corn and sugarcane), vegetable oils (such as soy and palm oil), waste materials (like animal manure and food scraps), and dedicated energy crops (like switchgrass and miscanthus). These materials can be converted into biofuels through various processes, including fermentation and transesterification. The choice of raw material often depends on local availability, economic factors, and sustainability considerations.


Spains colonial policy of mercantilism affeted the development o latin America nations by promoting?

cash crops and raw materials


What were two cash crops from Brazil?

There are many others but cotton and beef lead the list.


What raw meterials were provided by the Mexicans to the spanish?

At the very least, gold and silver. Other raw materials included copper, iron, wood and cash crops such as coffee, cotton and cocoa (chocolate).


What is raw materials cost?

Cost to purchase basic raw material for the manufacturing of product is called the raw material cost like in cost of wood in furniture etc.