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4 years ago

Question 4 of 10

Business

1 answer:

balu736 [363]4 years ago

7 0

Answer:

B. It allows people to buy, sell, and trade goods efficiently.

Explanation:

Medium of exchange refers to an intermediary instrument used to facilitate trade or the transfer of goods and services between parties. An item must be acceptable by the parties involved in the transaction to be used as a medium of exchange. It should represent a fair standard of value.

Money is the most widely used and accepted medium of exchange. It facilitates an easy and quick transfer of goods and services between buyers and sellers. Without money, the selling of goods and services would be conducted on barter trade. Money as a medium of exchange facilitates smooth transactions in business.

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Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels a

fredd [130]

$450 is the answer.

The total revenue the company earns after selling 10 boards is $450.

Further Explanation:

Total Revenue:

Total revenue refers to the total receipts or the income after selling the product.

Total profit:

Total profit refers to the amount subtracted by the total cost of the firm from the total revenue of the firm. Total profit is the excess of the total cost from the total revenue.

Total cost:

Total cost refers to the cost of making the product which is being bear by the company or the owner of the firm. Total cost is the cost of making the product.

Total Revenue = Cost of selling one skateboard × Total number of skateboards

= $45 × 10

= $450

Therefore, Total Revenue is $450.

Thus, the total revenue the company earns after selling 10 skateboards is $450.

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2. Variable costing

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3. Owning a car

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Answer Details:

Grade: High School

Chapter: Total profit

Subject: Accountancy

Keywords: Brenda’s Boards manufactures skateboards. Each skateboard sells for $45 and includes the following expenses: $3 for the wheels and mounts, $1 for the plastic board, $1 for the paint, and $10 for the labor. What is the total revenue the company makes after selling 10 boards? $300 $350 $400 $450.

5 0

3 years ago

Read 2 more answers

Can anyone help me and give some clues about business plan? or can I see the sample?

Komok [63]

Answer:

so you have to get a budget plan ,figure out what your small business name is

Explanation:

6 0

3 years ago

Everly Corporation acquires a coal mine at a cost of $400,000. Intangible development costs total $100,000. After extraction has

Anni [7]

Answer:

Explanation:

The journal entry is shown below:

Inventory A/c Dr $73,500

To Accumulated depletion A/c $73,500

(Being the depletion is recorded)

The computation is shown below

First we have to compute the depletion per ton which is shown below:

= (Acquired cost of coal mine + Intangible development costs + fair value of the obligation - Sale value) ÷ (Number of estimated tons of coal extracted)

= ($400,000 + $100,000 + $80,000 - $160,000) ÷ (4,000 tons)

= $105

Now if 700 are extracted in first year, so the depletion would be

= 700 × $105

= $73,500

5 0

3 years ago

Piper Corp. is operating at 70% of capacity and is currently purchasing a part used in its manufacturing operations for $24 per

Sauron [17]

Answer:

$30,000 increase

Explanation:

Piper Corp is operating at 70% capacity, and so we can produce the unit in-house at no increase to fixed cost we are already incurring. So we assume fixed cost for the extra production is zero

Without fixed cost the unit can be produced at $26, so cost of producing the units needed= 26*15,000= $390,000

To buy the product we need $24 per unit, so the cost of buying the needed units is= 24* 15,000= $360,000

The differential cost of making the part rather than purchasing it = Cost of inhouse production- Cost of Buying= 390,000- 360,000= $30,000

3 0

3 years ago

Things that you value that are stored digitally such as digital photographs or gift card codes are

VARVARA [1.3K]

Answer: Digital Assets

Explanation: just did the question

3 0

2 years ago