Answer:
B. Class tensions will lead to the end of market economies.
Explanation:
According to the Marxists theory, the tension between the capitalist and the working class gives birth to the class conflict in the society. It is tension that is created as the result of the exploitation and conflict between the two. This conflict further would initiate a revolution among the working class that would turn the capitalist class upside down. The exploitation faced by the working class by the capitalists is the major force that would turn them to be rebellious.
Answer:
the value of the inventory reported is $280,000
Explanation:
The computation of the inventory reported on the balance sheet is shown below:
As we know that the inventory should be recorded at lower cost of cost or market value. So here the same is applied
= Lower amount of market A + Lower amount of market B + Lower amount of market C
= $91,000 + $61,000 + $128,000
= $280,000
hence, the value of the inventory reported is $280,000
Answer:
1. are consistent with decentralization.
2. use the expertise of managers in weighing the costs and benefits of the transfer.
3. preserve the autonomy of the divisions.
Explanation:
A negotiated transfer prices can be defined as the final price reached between the buyer (consumer) of finished goods and services and the trader (seller) of such goods and services.
Negotiated transfer prices has the following advantages;
1. Negotiated transfer prices are consistent with decentralization.
2. Use the expertise of managers in weighing the costs and benefits of the transfer.
3. They preserve the autonomy of the divisions.
Answer:
Mark−up percentage = 18.75%
Explanation:
Total manufacturing cost= Direct material + Direct labor + Variable overhead + Fixed overhead
= $36 + $24 + $18 + $40
= $118
Hence, the total manufacturing cost is $118.
Total selling cost = Fixed selling cost + Variable selling cost
Total selling cost = $28 + $14
Total selling cost = $42
Hence, the total selling cost is $42
Total cost = Total Manufacturing cost + Total selling cost
Total cost = $118 + $42
Total cost = $160
Mark−up percentage = ROI / Total cost * 100
Mark−up percentage = $30 / $160 * 100
Mark−up percentage = 0.1875 * 100
Mark−up percentage = 18.75%
