Answer:
$250 million
Explanation:
Given that,
Cell phones:
Quantity produced = 5 million
Price per cell phone = $100
Pizza:
Quantity produced = 25 million
Price per pizza = $10
The market value of pizza is determined by the product of quantity produced and price of each pizza.
Market value of pizza:
= Quantity produced × Price per pizza
= 25 million × $10
= $250 million
Answer:
Journal entries to record the expenses incurred are given below.
Debit Factory Overhead Control Account $ 1300
Credit Utilities bills account $ 700
Credit Accumlated factory depreciation $ 400
Credit property tax payable $ 200
Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.
Debit WiP process account $ 525
Credit Factory overhead applied account $ 525
(1.5 * 350 (machine hours))
Answer:
At one time, the centrally planned economy of China encouraged farmers to produce iron in their backyards, rather than have factories make iron. This proved unsuccessful, since most of the farmers' iron was of poor quality. Why do you think this approach was unsuccessful? How could this experiment become a success in a free market economy?
The reason why the approach whereby farmers make iron in their backyard could not work out is as a result of not being inclined in that market as they are only skilled in agriculture, also they do not understand the rhetorics of the business.
The experiment would be a success in a free market as anyone is allowed to sell such product, this gives room for competition and helps to price reduction which is good for the consumers, also it would help in improvement of such product's quality because of competition involved
Explanation:
Answer:
in a community, there are 10% More boys than girls, 15% more women than men and 20% more children than adult. if the population of the villagers is not more than 6000, find the actual number of boys, girls, women and men
Total population= <6000
10/100x6000= 600
girls = 600
boys= 660
15/100x6000= 900
women= 990
men= 900
20/100x6000=1200
children= 1240
adult= 1200
Explanation:
Answer: Option (A)
Explanation:
Plywood is referred to as an element that is produced from several thin layers of the wood coatings which are tightly bonded together. It is mostly describd as an engineered ply i.e. wood derived from group of the manufactured boards that tends to mostly encompasses of the M.D. i.e. the medium-density fibreboard and also the particle board.
