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3 years ago

Why did a division of labor occur when people started to produce a surplus of food

1 answer:

7 0

Simple answer is efficiency.

More output can be produced if labour specialised and focused on a particular activity.

One due to the time saved from switching tasks and secondly getting better (and faster) at what they do.

This leads to two outcomes.
1. Lower average costs of production
2. Greater output.

You might be interested in

A budget that allocates increased or decreased funds to a department by using the last budget period as a reference point is cal

dmitriy555 [2]

Answer:

D) incremental budget

Explanation:

An incremental budget is a budget in which the budget is prepared based on the last year budget or the actual performance so that the amounts that are increased or decreased could be added for the current year budget

Here in the given situation, the allocation of the budget is either increased or decreased by using the previous year budget is known as incremental budget

hence, the correct option is D. Incremental budget

8 0

3 years ago

If $13,000 is borrowed at 5.8% simple interest for 10 years, how much interest will be paid for the loan

Anni [7]

Answer:

7,540

Explanation:

Principle is $13,000

Rate is 5.8%

Time is 10 years

Therefore the simple interest can be calculated as follows

= principle × rate × time

= 13,000 × 5.8/100 × 10

= 13,000 × 0.058×10

= 7,540

Hence the simple interest is 7,540

4 0

3 years ago

Calculate the activity rate per grooming order. $fill in the blank 1 per grooming order 2. Calculate, in terms of grooming order

atroni [7]

Solution :

1. calculate the activity rate per grooming order

Activity rate Amount paid to agent

Number of grooming order

28,000

4,000

Therefore, the activity rate = 7 per grooming order

2. Calculating, in terms of grooming order, the :

a. Total activity availability

Number of grooming orders (A) = 4,000

Number of agents (B) 5

Total activity availability (A x B) 20,000

b). Total activity availability 20,000

Less: Orders actually processed (17,800)

Unused capacity 2,200

3. calculating the dollar cost of :

a). Amount paid to the agent (A 28,000

Number of agents (B) 5

Total activity availability in dollars (AxB) 140,000

b). Unused capacity (A) 2,200

Activity rate (B) 7

Unused capacity in dollars (AxB) 15,400

4 0

3 years ago

Indiana Co. began a construction project in 2021 with a contract price of $150 million to be received when the project is comple

Over [174]

Answer:

Recognize $ 1.50 millions gross profit in 2022

Explanation:

Year end 2021 Year end 2022

A Contract Price $150.00 $150.00

B Cost Incurred to Date $36.00 $94.50

($36 + $58.50)

C Estimated cost yet to be

incurred to complete

the contract $84.00 $0.50

Total Cost $120.00 $135.00

D = B+C

Percentage of Completion 30.00% 70.00%

E = (B ÷ D) × 100

Revenue to date $45.00 $105.00

F = A × E

G Revenue of Previous year $- $45.00

Net Revenue this year $45.00 $60.00

H = F - G

Cost to date $36.00 $94.50

I (=B)

J Cost to date of previous year $- $36.00

Net Cost for the year $36.00 $58.50

K = I - J

Gross Profits $9.00 $1.50

L = H - K

Therefore the correct answer is Recognize $ 1.50 millions gross profit in 2022 hence, option is not available.

3 0

3 years ago

On September 1, 2021, Sheffield Corp. issued a note payable to National Bank in the amount of $1460000, bearing interest at 8%,

Lisa [10]

Congratulations congratulations happy birthday happy happy ww happy birthday happy happy birthday merry Christmas happy birthday happy

3 0

3 years ago