Answer:
B. Family members
Explanation:
A traditional economy is based upon the customs, beliefs, and history of the community. Age-old traditions and beliefs guide economic decisions of production and distribution. The traditional economy is motivated by the social well being of its members and not by profits.
The main economic activities under the traditional economy revolves are subsistence farming, fishing, and hunting. These activities are carried out in family settings. In other words, family members provide labor for economic activities.
A person is poverty-stricken if they are considered to be very poor. A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
<h3>Who is poverty-stricken poverty?</h3>
A poverty-stricken person suffers from the effects of extreme poverty: Some beggars are impoverished and homeless.
There are few jobs for farmers who have moved to cities from poverty-stricken areas in search of work.
It is characterized by excessive indulgence, low self-regulation, exploitation of others, and limited motivation and effort.
Therefore, Option C is the correct answer that is A higher standard of living is not a typical pattern of behavior for a poverty-stricken person.
To learn more about poverty-stricken person, refer:
brainly.com/question/13671318
Answer:
The ABC overhead for a Deluxe kayak will be $170.93
Explanation:
We are going to divide the overhead cost over the cost driver of each activity.
![\left[\begin{array}{cccc}-&Overhead&Total&Rate\\fabric&246,000&10,000&24.6\\assembly&144,000&32,000&4.5\\setup&110,000&15&7,333.33\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26Overhead%26Total%26Rate%5C%5Cfabric%26246%2C000%2610%2C000%2624.6%5C%5Cassembly%26144%2C000%2632%2C000%264.5%5C%5Csetup%26110%2C000%2615%267%2C333.33%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Now we apply the rate to Deluxe Kayak:
![\left[\begin{array}{cccc}-&Rate&Deluxe&Overhead\\fabric&24.6&10,000&246,000\\assembly&4.5&24,000&108,000\\setup&7,333.33&10&73,333.33\\Total&-&-&427,333.33\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D-%26Rate%26Deluxe%26Overhead%5C%5Cfabric%2624.6%2610%2C000%26246%2C000%5C%5Cassembly%264.5%2624%2C000%26108%2C000%5C%5Csetup%267%2C333.33%2610%2673%2C333.33%5C%5CTotal%26-%26-%26427%2C333.33%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Finally we divide the overhead for Deluxe between the units produced
427,333.33/ 2,500 = 170.933 = 170.93
Answer and Explanation:
The journal entries are shown below:
On Jan 1, 2014
Unearned compensation Dr. $45,000
To paid in capital in excess of par $35,500
To common stock $9,500
(Being the unearned compensation is recorded)
On Dec 31,2014
Compensation expense Dr. $15,000 ($45,000 ÷ 3 years)
To unearned compensation $15,000
(Being one year compensation became due is recorded)
