Answer:
The Value added of the Baker is $0.25
The sum of the value added at each stage of production is :
Farmer = $0.15
Miller = $0.20
Baker = $0.25
Grocer = $0.20
Total Value added = $0.80
Explanation:
Farmer cost = $0.20
Farmer Margin = $0.15
Farmer Sells to Miller = $0.35
Miller Margin = $0.20
Miller sells to Baker = $0.55
Baker Margin = $0.25
Baker sells to Grocer = $0.80
Grocer Margin = $0.20
Grocer sells to Family = $1.0
The concept of Value added states that a product receives extra features from the beginning of its production cycle to when it gets into the hands of its final consumers. The process of it being handed down through the Value Chain results in changes in Prices between the Input Costs and selling Prices. This difference is identified as Value added.
In this question, the Farmer added Value by turning a seed of wheat to a harvest of wheat which he sold to the Miller. The Miller further added Value by transforming the wheat into flour and selling this to the Baker. The Baker adds value by producing a product the consumer needs and selling to the Grocer, in his case bread. The Grocer added value by making it available on the shelf and within the neighborhood of the consumer.
This is how value is added. And it varies per product and per channel of distribution too.
Answer:
The correct answer is Master Budget.
Explanation:
A master plan, as its name implies, is a document that contains the strategy to be followed in the medium term. This information is constructed by all those responsible for the areas of the organization, so it will have the details of the strategies for each missionary area. This document is generally organized to be executed in a time greater than 1 and less than 5 years in general.
Answer:
The net worth is $100,000
Explanation:
The computation of net worth is shown below:
Net worth = Total assets - total liabilities
where,
Total assets = Condo + car + miscellaneous assets + mutual funds
= $240,000 + $25,000 + $7,500 + $27,500
= $300,000
And, the total liabilities equal to
= Owning a condo + car owned
= $185,000 + $15,000
= $200,000
Now put these values to the above formula
So, the answer would be equal to
= $300,000 - $200,000
= $100,000
The term life insurance policy is neither an asset nor a liability, so it would be not be considered in the computation part.
Car insurance, Gas, Routine Oil change, breaks and any mechanical issues that may arise.
The correct answer should be d. the cost of groceries
Since the most correct answer would be production costs, in this case, the cost of groceries is the production cost as it is the cost of what you need for production.
