in a traditional economy resources are controlled by the people resources are used in their natural state
<h3>What is a traditional economy?</h3>
A traditional economy can be described as a kind of economic system whereby the traditions as well as the customs, and beliefs is been used in shaping the goods as well as the services of the economy produces, in the manner of their distribution.
In this case, it should be noted that Countries that use this type of economic system are often rural and farm-based, hence traditional economy resources are controlled by the people resources are used in their natural state
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Answer:
The description as per the given question is described below.
Explanation:
The given value is:
Joint costs of processing,
= $150,000
According to the question,
The ratio of sale value will be:
= 
= 
On adding we get,
= 
= 
hence,
The amount of joint cost allocated to each product will be:
Sugar,
= 
= 
($)
Sugar syrup,
= 
= 
($)
Fructose syrup,
= 
= 
($)
Answer:
1, supply, depreciate
Explanation:
If Net Capital Outflow increases, the supply of dollars in the Foreign Currency Exchange Market will increase, causing the real exchange rate to depreciate
Answer:
$0.60
Explanation:
Calculation for the value of one right
The first step is to calculate for the cost per share.
Using this formula
Cost per share =[New share price+(New Share right*Stock price)]/ (One right +New Share right)
Let plug in the formula
Cost per share [$13 + (3 × $15.40)] / (1 + 3)
Cost per share =$13+$46.20/4
Cost per share =$59.20/4
Cost per share = $14.80
The second step is to calculate for the Value of right.
Using this formula
Value of right=New share price-Cost per share
Let plug in the formula
Value of right = $15.40 - 14.80
Value of right= $0.60
Therefore the value of one right will be $0.60
The income statement for the year ended April 30, 20Y5 is $271,010.
<h3>
Income statement:</h3>
Wilderness Travel Service income statement for the year ended April 30, 20Y5
Revenue:
Fees earned $712,700
Expenses:
Miscellaneous expense $5,540
Utilities expense $55,380
Supplies expense $14,770
Rent expense $92,300
Taxes expense $10,000
Wages expense $263,700
Total expenses $441,690
Net income $271,010
($712,700-$441,690)
Inconclusion the income statement for the year ended April 30, 20Y5 is $271,010.
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