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4 years ago

List three reasons why a price-based system works more efficiently than central planning.

1 answer:

6 0

<span>Three reasons a price-based system works more efficiently than central planning are flexibility, a larger selection of goods, and resources are used entirely.

</span><span>Price based systems are more efficient because the demand from a product determines its price. Only enough product is produces that the market demands. Excess surpluses are not generated in a price based system.</span>

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Define central bank.

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In short, the central bank is the main federal bank that controls the money and gives it to other banks. More about it is here: https://en.wikipedia.org/wiki/Central_bank

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3 years ago

Moon, a farmer, needs to install a two-thousand-pound piece of equipment in his barn. This will require lifting the equipment th

kirill [66]

Answer: c) Uniform Commercial Code

Explanation:

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3 years ago

if company received cash in advanced for future services what accountant will need an adjusting entry

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Answer:yes

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4 years ago

Bachrodt Corporation uses activity-based costing to compute product margins. Overhead costs have already been allocated to the c

marusya05 [52]

Answer:

Product margin= $4,728

Explanation:

Giving the following information:

Processing $ 21,600

Supervising $ 3,700

MHs (Processing) Batches (Supervising)

Product Y7 3,700 400

Product V0 6,300 600

Total 10,000 1,000

First, we need to calculate the estimated overhead rate for each activity:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Pocessing= 21,600/10,000= $2.16 per machine hour

Supervising= 3,700/1,000= $3.7 per batch

Now, we can allocate overhead to product Y7:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Pocessing= 2.16*3,700= $7,992

Supervising=3.7*400= $1,480

Total= $9,472

Finally, we can determine the product margin:

Product Y7:

Sales (total)= 102,200

Direct materials= (40,800)

Direct labor= (47,200)

Allocated overhead= (9,472)

Product margin= $4,728

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3 years ago

The three major types of firms in the united states are called

Nina [5.8K]

The three major types are;
1. Partnerships
2. Corporations
3. Sole proprietorship

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3 years ago