Answer: The correct answer is "C. An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services.".
Explanation: The ABC costing model is a model that is based on the grouping into cost centers that make up a sequence of value of the products and services of the company's productive activity. It focuses its efforts on managerial reasoning in an adequate way the activities that cause costs and that are related through its consumption with the cost of the products. The most important thing is to know the generation of costs to obtain the greatest possible benefit from them, minimizing all the factors that do not add value.
Answer: $252,000
Explanation:
Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.
House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.
Value of bathroom is $15,000 so;
= 275,000 - 15,000
= $260,000
House to be appraised was worth $260,000 4 weeks ago.
Prices have been reducing at $2,000 per week for four weeks.
= 2,000 * 4
= 8,000
Value of house = 260,000 - 8,000
= $252,000
Barter means exchange since there was no currency back then so the answer would be D.
