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2 years ago

In exchange for manufactured goods, Native Americans in the West often traded sheep. Cattle. Furs. Guns.

1 answer:

4 0

The correct statement is that the Native Americans used to exchange furs for manufactured goods. Such practice of goods in exchange for goods is known as barter system. So, the correct option is C.

Barter system is one of the oldest form of trade and exchange system that has been in existence even before the invention of currency for the purpose of exchange.

<h3>Barter System</h3>

The barter system refers to as a system under which goods and commodities are traded for the exchange of excess goods and commodities.

The barter system has its own discrepancies and faults as there was no specific medium of exchange and this necessity led to the invention of currency notes and coins.

The Native Americans were mostly Indians and carried hunting of animals and hence the furs obtained from animals was in excess with them and as a result, it was exchanged for finished goods.

Hence, the correct option is C that the Native Americans used furs for the exchange of manufactured goods during the days of barter exchange system.

Learn more about barter system here:

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The solution for this problem is get first the total sales, credit sales and receivables turnover.
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365 / 10.32 = 35.37 days is the day's sales in receivables

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2 years ago

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2 years ago

What is the balance of the manufacturing overhead account and is overhead underapplied or overapplied at the end of the year?.

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The balance of the manufacturer overhead account is Credit of $30,000, overapplied.

credit of $30,000, overapplied.

<h3>Underapplied Overhead vs. Overapplied Overhead</h3>

Underapplied overhead is the opposite of overapplied overhead. Overapplied overhead occurs when expenses incurred are actually less than what a company accounts for in its budget. This means that a company comes in under budget and achieves a lower amount of overhead costs during the accounting period.

Therefore, the correct answer is as given above.

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2 years ago

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $1,500 of dir

Dmitriy789 [7]

Answer:

The answer is: $29,000

Explanation:

To calculate Job A3B's costs during September we must add direct materials plus 3 times direct labor:

September costs = direct materials + (direct labor x 3) = $1,500 + $9,000

September costs = $10,500

We do the same for October:

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October costs = $18,500

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