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3 years ago

The primary benefit of a monetary system of exchange compared to a barter system is the increased

Business

2 answers:

AleksandrR [38]3 years ago

5 0

Answer:

d. efficiency in arranging transactions.

Explanation:

The primary goal of the monetary system to that of the barter system is that it's more efficient in maintaining the transparency and is efficient in the transactions with its partners. Thus is better and is more reliable than the old system of exchange.

Bad White [126]3 years ago

3 0

Answer:

D. Efficiency in arranging transactions.

Explanation:

in a barter system, it is difficult to determine how much something would cost. If I am raising corn and you are raising cabbage, how much corn equals one head of cabbage? It is difficult to come to fair trade terms. With a monetary system, it is much easier to set a price and make a trade because everyone is using a common trading instrument.

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A water bottle manufacturer plant uses a three-step procedure to produce each unit of bottled water. The first step, casting, wh

guajiro [1.7K]

Answer: 100 bottles per labor hour

Explanation:

To solve this question, we need to first calculate the number of labor hours used. This will be:

= 35 + 35 + 70

= 140 labor hours

Since the total number of bottles produced by the factory is 14000 bottles, then the productivity of labor will be equal to:

= Total production / Total labor hours .

= 14000 / 140

= 100 bottles per labor hour

8 0

3 years ago

Multiple Versus Single Overhead Rates, Activity Drivers Deoro Company has identified the following overhead activities, costs, a

WINSTONCH [101]

Answer:

Deoro Company

1. Unit cost using direct labor hours to apply overhead:

Unit Cost

Model A $167.985

Model B $226.99

2. Unit cost using the four activity drivers:

Unit Cost

Model A $133.97

Model B $287.28

3. Activity-based costing method always produces the more accurate cost assignment.

Explanation:

a) Data and Calculations:

Activity Expected Cost Activity Driver Activity Capacity

Setting up equipment $548,080 Number of setups 680

Ordering costs 313,200 Number of orders 17,400

Machine costs 939,400 Machine hours 42,700

Receiving 343,000 Receiving hours 9,800

Total overhead costs $2,142,680

Activity Rates:

Setting up equipment $806 per setup ($548,080/680)

Ordering costs $18 per order ($313,200/17,400)

Machine costs $22 per machine hour ($939,400/42,700)

Receiving $35 per receiving hour ($343,000/9,800)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,063,500 $1,018,200

Total costs $2,143,500 $2,298,200

Units completed 16,000 8,000

Cost per unit $133.97 $287.275

Direct labor hours 6,000 2,000

Number of setups 400 200

Number of orders 6,000 12,000

Machine hours 24,000 18,000

Receiving hours 3,000 7,000

The company's normal activity is 8,000 direct labor hours.

Assignment of overhead costs:

Model A Model B

Number of setups $322,500 (400 * $806) $161,200 (200 * $806)

Number of orders 108,000 (6,000 * $18) 216,000 (12,000 * $18)

Machine hours 528,000 (24,000 * $22) 396,000 (18,000 * $22)

Receiving hours 105,000 (3,000 * $35) 245,000 (7,000 * $35)

Total overhead applied $1,063,500 $1,018,200

Overhead based on direct labor hours:

Total overhead costs = $2,143,680

Total direct labor hours = 8,000 (6,000 + 2,000)

Overhead rate per DLH = $267.96

Allocation of overhead:

Model A Model B

Direct labor hours 6,000 2,000

Overhead (DLH) $1,607,760 ($267.96 *6,000) $535,920 ($267.96 * 2,000)

Model A Model B

Direct materials $600,000 $800,000

Direct labor $480,000 $480,000

Overhead applied $1,607,760 $535,920

Total costs $2,687,760 $1,815,920

Units completed 16,000 8,000

Cost per unit $167.985 $226.99

4 0

3 years ago

Shelley wants to cash in her winning lottery ticket. She can either receive six, $193,000 semiannual payments starting today, or

Oxana [17]

Answer:

$1,045,517.95

Explanation:

Data provided in the question:

Semiannual payments = $193,000

Number of semiannual payments, n = 6

Annual interest rate, i = 6% = 0.06

when compounded semiannually = 6% ÷ 2 = 3% = 0.03

Now,

Single Payment = Semiannual payments × PVAF

here,

PVAF = [ 1 - (1 + i )⁻ⁿ ] ÷ i

PVAF = [ 1 - (1 + 0.03 )⁻⁶ ] ÷ 0.03

PVAF = 5.4172

Therefore,

Single Payment = $193,000 × 5.4172

= $1,045,517.95

3 0

4 years ago

Dan owns an autographed copy of a brittany spears cd that he values at $100. if he sells the cd at the garage sale he's planning

Delvig [45]

The complete question is as follows:

Dan owns an autographed copy of a Brittany Spears CD that he values at $100. If he sells the CD at the garage sale he’s planning to hold in a few weeks, it will be sold to a buyer with a reservation price of $175. If he sells it on eBay, it will be sold to a buyer with a reservation price of $500. eBay will charge Dan $50 to auction the CD, which just covers eBay’s opportunity cost of running the auction. Relative to selling the CD at his garage sale, auctioning the CD on eBay will lead:

A. to no change in total economic surplus.

B. total economic surplus to increase by $500.

C. total economic surplus to increase by $275.

D. total economic surplus to increase by $100.

Answer: C - Total economic surplus to increase by $275.

In this question, we only need to consider producers' surplus since we're considering the various options for Dan to sell his CD.

We calculate Producer's Surplus as follows:

$Producer's surplus = Market Selling Price - Economic Cost.$

Economic costs not only refers to explicit costs like cost of the CD, but also includes opportunity costs. Since we need to calculate producer's surplus when Dan sells on Ebay, we need to consider the following costs:

Value of the CD = $100

Ebay's opportunity cost that Dan will have to bear = $50

$Profit Dan would've received in garage sale = $75 ($175 - $100)$

Among the three expenses listed above, the profit Dan would've got in the garage sale is considered the <u>implicit cost or opportunity cost.</u>

Substituting the values we have in the equation above, we get,

$Producer's Surplus = 500 - (100+50+75)$

$Producer's Surplus = 275$

8 0

3 years ago

Grayson Bank agrees to lend the Trust Company $100,000 on January 1.

Margaret [11]

Answer:

The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is

Debit Credit

Cash $100,000

Notes Payable $100,000

The right answer is c

Explanation:

According to the given data the interest will not be adjusted at the time of loan proceed and issuance of note

Therefore, The entry made by Trust Company on January 1 to record the proceeds and issuance of the note is the following:

Debit Credit

Cash $100,000

Notes Payable $100,000

To record the borrowing

6 0

4 years ago