Answer:
The Value added of the Baker is $0.25
The sum of the value added at each stage of production is :
Farmer = $0.15
Miller = $0.20
Baker = $0.25
Grocer = $0.20
Total Value added = $0.80
Explanation:
Farmer cost = $0.20
Farmer Margin = $0.15
Farmer Sells to Miller = $0.35
Miller Margin = $0.20
Miller sells to Baker = $0.55
Baker Margin = $0.25
Baker sells to Grocer = $0.80
Grocer Margin = $0.20
Grocer sells to Family = $1.0
The concept of Value added states that a product receives extra features from the beginning of its production cycle to when it gets into the hands of its final consumers. The process of it being handed down through the Value Chain results in changes in Prices between the Input Costs and selling Prices. This difference is identified as Value added.
In this question, the Farmer added Value by turning a seed of wheat to a harvest of wheat which he sold to the Miller. The Miller further added Value by transforming the wheat into flour and selling this to the Baker. The Baker adds value by producing a product the consumer needs and selling to the Grocer, in his case bread. The Grocer added value by making it available on the shelf and within the neighborhood of the consumer.
This is how value is added. And it varies per product and per channel of distribution too.
Answer is in a photo. I can only upload it to a file hosting service. link below!
Answer:
This is correct
Explanation:
There will be two entries. One at the time of receiving cash on 1st July . That would be
Cash. B. $6600 (debit)
Unearned Rent Revenue. $ 6600 (credit)
On 31st Dec an adjusting entry would be made . The rent for 6 months will be calculated which will be as given above.
Rent for 6 months = ( 6,600/12 )* 6= $ 3,300
The entry will be
Unearned Rent Revenue $3,300 (debit)
Rent Revenue $ 3,300 (credit)
$ 3300 will be deducted from the current liabilities on the credit side.
Rent Revenue of $3300 will be added on the credit side of the income statement.
It is the property taxes that go along with the mortgage monthly payment
So the answer is C: Property taxes
The lender will generally set up an escrow account to cover for the property taxes and pay these items on your behalf when they are due
Answer:
Inventory Turnover Ratio for 2008= 3.223 Times
Inventory Turnover Ratio for 2009= 3.91 times
Explanation:
Inventory Turnover Ratio= Cost of Goods Sold / Average Inventories
Inventory Turnover Ratio for 2008= $632,000/ $201,000
+ 191,100/2
Inventory Turnover Ratio for 2008= $632,000/196,050
Inventory Turnover Ratio for 2008= 3.223 times
Inventory Turnover Ratio for 2009= $ 731,000/191,100
+ 182,600/2
Inventory Turnover Ratio for 2009= $ 731,000/ 186,850
Inventory Turnover Ratio for 2009= 3.91 times
