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3 years ago

What is barter? Explain.

2 answers:

4 0

Exchange (goods or services) for other goods or services without using money

Example: "he often bartered a meal for drawings"

AVprozaik [17]3 years ago

3 0

Answer:

Barter i when you trade an object like gold for something else like food.

Explanation:

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Brown Corporation earns $600,000 and pays cash dividends of $200,000 during 2012. Dexter Corporation owns 3,000 of the 10,000 ou

fomenos

Answer: $920,000

Explanation:

Given the following :

Beginning balance = $800,000

Brown's earning = $600,000

Casg Dividend = $200,000

Dexter's portion of brown's outstanding shares = 3000/ 10000 = 0.3

Therefore, Dexter's investment account is as follows :

Beginning balance + (earning × 0.3) - (Dividend × 0.3)

$800,000 + ($600,000 × 0.3) - ($200,000 × 0.3)

$800,000 + $180,000 - $60,000

$980000 - $60000 = 920000

4 0

3 years ago

You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery

arsen [322]

Answer:

Expected Loss will be $3

Explanation:

Expected Loss can be calculated by multiplying the probabilities to Net expected outcome.

Probabilities

Prize ( $460) = 1 / 100

Prize ( $80 ) = 2 / 100

Prize ( $20 ) = 4 / 100

No prize = 100/100 - (1+2+4)/100 = 93/100

Expected value = [( 460 - 10 ) x 1/100 ] + [( 80 - 10 ) x 2/100 ] + [( 20 - 10 ) x 4/100 ] + [( 0 - 10 ) x 93/100] = 4.5 + 1.4 + 0.4 - 9.3 = -$3

3 0

3 years ago

Sara’s Salsa Company produces its condiments in two types: Extra Fine for restaurant customers and Family Style for home use. Sa

Len [333]

Answer:

1.$4.29 per cases

2. Extra Fine $14.29

Family Style $13.29

3a. Extra Fine $4.71

Family Style $0.29

3b. What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.

Explanation:

1. Computation for the overhead cost that is assigned to each case of Extra Fine Salsa and each case of Family Style Salsa using Plantwide overhead rate

Using this formula

Overhead cost=Total overhead cost/Total volume

Let plug in the formula

First step is to calculate the Total overhead cost

Total overhead cost = $130,800 + $349,000 +$206,000

Total overhead cost =$685,800

Second step is to calculate the Total volume

Total volume= 35,000 + 125,000 cases

Total volume=160,000 cases

Now let calculate the Overhead cost

Overhead cost=$685,800/160,000 cases

Overhead cost=$4.29 per cases (rounded)

Therefore since we are making use of plantwide rate which means that same overhead cost of the amount of $4.29 per cases will be assigned to each of the two case .

2. Calculation to determine the total cost per case for the two products

Extra Fine Family Style

Direct materials + Direct Labor $ 10.00 $ 9.00

Add Overhead $4.29 $4.29

Manufacturing cost per case $ 14.29 $ 13.39

Therefore the the total cost per case for the two products will be:

Extra Fine $14.29

Family Style $13.29

3-A Calculation to determine the gross profit per case for each product.

Extra Fine Family Style

Selling price per case $ 19.00 $ 13.00

Less Manufacturing cost per case $14.29 $13.29

Gross profit (loss) per case $ 4.71. $ (0.29 )

Therefore the gross profit per case for each product will be ;

Extra Fine $4.71

Family Style $0.29

3-b. Based on the above Calculation What might the management conclude about the Family Style Salsa product line is that Family Style salsa are not yielding profit which may may inturn make make the company to stop the production of the product in a situation where either the cost are not reduced or where the price.

3 0

3 years ago

CC’s is analyzing a proposed project with anticipated sales of 3,620 units, give or take 5 percent at a sales price of $24, plus

eimsori [14]

Answer:

The total variable cost will be $ 16 * 3620= $ 57920

Explanation:

Analyzing Proposed Project

Given 1 2 3

Variable Increase ---- 10% 9.125% 9.125%

Fixed Decreased 6.97%

Sales price per unit $24 $24 $24 $24

Variable price per unit $ 14.6 $16.06 $ 16 $ 16

Fixed Costs $ 12900 12900 $ 12900 $ 12000

Sales Volume 3620 3620 3620 3620

We have taken the sale prices constant and changed the variable costs and fixed costs.

Sensitivity Analysis Report

Given 1 2 3

Sales 86880 86880 86880 86880

Variable Costs 52852 58137.2 57920 57920

Contribution Margin 34028 28742.8 28960 28960

Fixed Costs 12900 12900 12900 12000

Operating Profit 21128 15482.8 16060 16960

Dollar Change in

Variable Expenses 5645.2 5068 5068

The total variable cost will be $ 16 * 3620= $ 57920

5 0

3 years ago

What countermeasure could it take to prevent the Congress from expanding the money supply? A. Increase regulations to prevent t

Vika [28.1K]

Answer:

B. Sell government securities to prevent the expansion of the money supply.

Explanation:

The federal reserve can expand the money supply by modifying the money supply and refers to the amounts of the finds the banks must hold against the deposits and thus by allowing the reserves needs the banks are able to load more money and increases the supply in the economy. Thus by selling the securities the banks can control the supply and interest rates and is called an open market.

7 0

3 years ago

What is barter? Explain.​

What is barter? Explain.