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pickupchik [31]
3 years ago
15

A farmer buys seed for 20 cents that is used to grow wheat. The farmer sells the wheat to the miller for 35 cents, and the mille

r makes flour, which is then sold to the baker for 55 cents. The baker makes bread and sells it to the grocer for 80 cents, and the grocer sells the bread to a family for $1. What is the value added of the baker and what is the sum of the value added at each stage of production
Business
2 answers:
storchak [24]3 years ago
7 0

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.

barxatty [35]3 years ago
6 0

Answer:

What is the value added of the baker and what is the sum of the value added at each stage of production?

  1. the value added by the baker is $0.25
  2. the total value added is $1

Explanation:

seed producer adds = selling price = $0.20

farmer adds = selling price - cost of seeds = $0.35 - $0.20 = $0.15

miller adds = selling price - cost of wheat = $0.55 - $0.35 = $0.20

baker adds = selling price - cost of flour = $0.80 - $0.55 = $0.25

grocer adds = selling price - cost of bread = $1 - $0.80 = $0.20

total value added = $0.20 + $0.15 + $0.20 + $0.25 +$0.20 = $1

The value added method simply adds the contribution of every sector in the economy to the GDP. The total value added will always equal the final price of the goods and services sold.

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. Based on the following data, Accounts payable…………………………………………………..... $62,000 Accounts receivable…………………………………………………. 100,000
Temka [501]

Answer:  $428,000

Explanation:

Given that,

Accounts payable = $62,000

Accounts receivable = 100,000

Cash = 30,000

Inventory = 138,000

Land = 160,000

Common Stock = 200,000

Revenue = 80,000

Dividends = 56,000

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Total assets = Accounts receivable + Cash + Inventory + Land

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3 0
3 years ago
Havermill Co. establishes a $250 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei
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Answer:

Debit Petty Cash $250; credit Cash $250

Explanation:

Based on the information given we were told that the Company establishes the amount of $250 as a petty cash fund on September 1 which means that The journal entry to record the establishment of the fund on September 1 is:

Debit Petty Cash $250

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5 0
3 years ago
You're a project manager in your company. an end user has suggested that everyone undergo extensive training to learn how to use
Sidana [21]

You're the project manager in your company. An end-user has suggested that everyone undergo extensive training to learn how to use a new system being developed. The next step you should take will be to analyze the impact of including the training in the project.

<h3>What is the role of the project manager?</h3>

The primary responsibility for designing, carrying out, overseeing, controlling, and wrapping up projects falls on project managers. The entire project scope, the project team and resources, the project budget, and the project's success or failure are all under their responsibility.

<h3>Is a project manager necessary?</h3>

Teams with project managers can divide a large undertaking into smaller, more manageable tasks. Project managers may manage their teams more effectively and respond to problems more quickly by dividing the project down into a clear sequence of assigned tasks, milestones, and deadlines.

Learn more about project team: brainly.com/question/19569405

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maria [59]

Answer:

some goods aren't internationally traded

Explanation:

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The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.

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