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BaLLatris [955]
3 years ago
10

Moses is working on a kibbutz in Israel where all the members have the same standard of living and they equally divide the profi

ts from the citrus crop that is the primary source of income for the community. This kibbutz is an example of which type of economic system?
Business
1 answer:
fredd [130]3 years ago
7 0

Answer:

Communism

Explanation:

Communism is a sytem in which all property is owned by the community and each member of the community contributes to the management of the property according to their ability and also receives his share of profits accordingly and as equal as other members of the community.

Communism is surely a good economic system as it ensures even distribution of wealth and resources.

You might be interested in
Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,5
Svetach [21]

Answer:

Explanation:

For passing the journal entry, first, we have to compute the predetermined overhead rate to know that whether the overhead is under applied or over applied.

Predetermine overhead rate = Estimated overhead cost ÷ direct labor cost

= $118,500 ÷ $125,600

=0.94

Now, we can compute the under applied or over applied overhead which is shown below:

= Actual direct labor cost × Pre determined overhead rate - actual overhead

= $115,800 × 0.94 - $108,000

= $108,852 - $108,000

= $852

Since the amount is in positive, so it is over applied overhead and the journal entry is given below:

Manufacturing overhead A/c Dr    $852

       To Cost of goods sold                               $852

(Being over applied overhead closed)

3 0
3 years ago
During FY 2016, Bravo Company sold 16,000 units for $84,000. Bravo had $2.75 variable costs per unit sold. Bravo also reported $
Scilla [17]

Answer:

1.- CM 13.25

2.- BEP units 2114 (round to the next higher whole number)

3.- BEP dollars $33,811.32 (nearest cent)

Explanation:

Sales \: Revenue - Variable \: Cost = Contribution \: Margin

16 - 2.75 = 13.25

\frac{Fixed\:Cost}{Contribution \:Margin} = Break\: Even\: Point_{units}

28,000/13.25 = 2113.2075

\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Break\: Even\: Point_{dollars}

\frac{Contribution Margin}{Sales Revenue} = $Contribution Margin Ratio

13.25/16 = 0.828125

28,000/0.828125 = 33811.32

8 0
4 years ago
Rachets R Us Corp. reported sales for 2013 of $200,000. Rachets R Us listed $25,000 of inventory on its balance sheet. Using a 3
Nuetrik [128]

Answer:

Invneotry TO 8

days on invnetory 46

Explanation:

\frac{sales}{average\:inventory} = $TO \: inventory

200,000/25,000 = 8

The sales figure is done by selling inventory, to achieve the 200,000 sales with an inventory of 25,000 we should have sold our invnetory 8 times.

\frac{365}{Inventory \:TO} =$days on inventory

The year has 365 days If we sale our inventory 8 times per year.

This division will give us how many days to sold the entire inventory.

Because days can't be split in half, we round up.

365/8 = 45.625 = 46 days on inventory

8 0
4 years ago
Goodlife inc. is a luxury condominium-building company that is based in the country of el verdad. it sells highly priced homes t
Elena-2011 [213]

Transnational Strategy

Venture to achieve low-cost, mark up products across markets and to foster a flow of skills between different subsidiaries. High cost pressures, high local responsiveness pressures. Actually there are a four kinds of strategy; Global Standardization Strategy, Transnational Strategy, International Strategy, Localization Strategy. 

3 0
3 years ago
Click this link to learn about a career as a Multimedia Artist. What are some common tasks? Check all that apply.
vfiekz [6]

Answer:

3,4,5

Explanation:

Just did it on edge

7 0
3 years ago
Read 2 more answers
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