Answer:
c. Exchange creates value by moving goods from parties who value them less to parties who value them more.
Explanation:
Exchange is described as the process of changing some goods for some other goods.
Exchange clearly provides you with the goods you value for, and in exchange for those goods you pay the goods you do not value.
This, results in adding value to the goods acquired by you, and adds value to the goods given by you for the person to whom it is exchanges.
As for example when a cloth is purchased by me for $100 then such adds the value to cloth and because it was worth less than $100 for the seller it has added value to the cloth.
Depot Max's inventory turnover for the year is 8.3
Given
Cost of goods sold = $56900
Begining Jovenstory = $6540
Ending Inventory = $7250 .
Average inventory = opening inventory + closing inventory / 2
= $6 540 + $-7250 / 2
Average inventory = $6895
cost of goods old
.: Inventory turnover = cost of goods sold / Average inventory
56900 / 6895
= 8. 252 times
He Depot Max's Inventory 8.3 times (approx ).
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Answer:
$293,000
Explanation:
The computation of the product cost is shown below:
= Direct material + direct labor + factory supplies + factory depreciation + indirect labor
= $126,000 + $99,000 + $9,000 + $33,000 + $26,000
= $293,000
The factory supplies + factory depreciation + indirect labor = manufacturing overhead
All other cost are not relevant for the computation part. Hence, ignored it
Answer:
Equitable relief
Explanation:
Equitable relief is defined as a remedy provided by a court that requires a party to act or prevents a person from acting.
It is usually granted in relation to contracts that have been breached.
When equitable relief is sought there is no monetary compensation, rather the plaintiff is requesting the court to ensure an action is performed.
In this instance Andrews and Bates have a written contract in which Bates promises to sell Andrews a piece of real estate. When Bates refuses to fulfill his obligation Andrews can seek for equitable relief from the court.
Forcing Bates to sell the piece of real estate as agreed in the contract.
The answer is 9 years
(5,000*0.05*x) + 5,000 = 7,755 <span>(5,000*0.05*x) = 2,755
250x = 2,755
x = 11.02
Since there are 12 months in a year, not ten..
(11.02*10)/12=9.1833</span><span>
and thats how you get 9</span>
