1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
3 years ago
10

In Shoetown, a rancher takes $0 worth of inputs and produces animal skins, which he sells to the tanner for

Business
1 answer:
Ad libitum [116K]3 years ago
6 0

Answer:

The value added from these transactions is $1200,option C

Explanation:

Initially the rancher took $0 worth of input and produced animal skin of $400,at that stage $400 was the value added.

Thereafter,the tanner brought $400 input and made output of $700,hence $300 has been added.

Finally,the shoemaker bought input for $700 and turned out  shoes worth $1200,thereby adding $500.

From the foregoing,the total value added from the beginning to the end is $1200($400+$300+$500)

You might be interested in
Susan’s customers are always concerned about what they are receiving in exchange for what they are paying. They are concerned ab
liubo4ka [24]

Answer: Customer value  

         

Explanation: In simple words, customer value refers to the level of satisfaction that the consumer receives from purchasing a commodity. The level of satisfaction highly depends on the price that the customer gives for the commodity.

In the given case, the customer of Susan's were concerned about their utility satisfaction.

Hence from the above we can conclude that the correct option is C.

3 0
3 years ago
Sarasota Company sells on credits goods that cost $310,000 to Ricard Company for $409,500 on January 2, 2020. The sales price in
swat32

Answer and Explanation:

The journal entries are shown below:

Account Receivable $409,500

           To Sales Revenue $367,000

           To Unearned Service Revenue $42,500

(Being account receivable is recorded)

Cost of Goods Sold $310,000

           To Merchandised Inventory $310,000

(Being cost of goods sold is recorded)  

These two journal entries are to be recorded

7 0
3 years ago
Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce
faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

4 0
3 years ago
Dale’s young son does not know much about his dad’s job but he does know that his dad works at the Chevy Manufacturing Plant. Da
noname [10]

Answer:

Dale would explain that he makes sure that everything is running smoothly and that he has to make sure that everyone is doing everything correctly.

Explanation:

I got 15/15 on the questions. :)

Also, make sure you rewrite a few words so you don't get in trouble!

4 0
3 years ago
An economy is created by the interactions between which two groups of people? (Select the best answer.)
Veronika [31]
<span>An economy is created by the interactions between producers and consumers.</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • Product-Costing Accuracy, Consumption Ratios, Activity Rates, Activity Costing
    9·1 answer
  • The "Got Milk" campaign was intended to boost sagging milk consumption among Californians in the 1990s. The campaign ads highlig
    10·1 answer
  • At the end of the year, Mercy Cosmetics’ balance of Allowance for Uncollectible Accounts is $830 (debit) before adjustment. The
    13·1 answer
  • Which of the following rights does one cosurety generally have against another cosurety?a. Exoneration.b. Subrogation.c. Reimbur
    6·1 answer
  • Which of the following statements correctly describe a contemporary approach to create the Work Breakdown Structure (WBS) for a
    10·1 answer
  • Tim and Janet were divorced. Their only marital property was a personal residence with a value of $120,000 and cost of $50,000.
    13·1 answer
  • Retained earnings Group of answer choices is unique to the corporate form of business. is an optional account in the partnership
    6·1 answer
  • Brainliest ASAP helppppp please
    13·2 answers
  • TB MC Qu. 10-144 (Algo) Doogan Corporation makes a product ... Doogan Corporation makes a product with the following standard co
    6·1 answer
  • 39) Fortune Drilling Company acquires a mineral deposit at a cost of $5,900,000. It incurs additional costs of $600,000 to acces
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!