Answer:
Total revenue= -$60
Explanation:
<u>First, we need to determine the total cost of producing 400 loaves:</u>
Total cost= 6*40 + 8*60 + 2*60 + 1*20
Total cost= $860
<u>Now, we can calculate the total revenue:</u>
Total revenue= total income - total cost
Total revenue= 400*2 - 860
Total revenue= -$60
Answer:
Purchase money mortgage.
Explanation:
A purchase money mortgage is the loan that is given to the individual buying the property.
This loan is issued by the seller of the property as a part of the transaction made when selling the property. The interest rate that comes with this type of loan is high.
The buyers benefit from the purchase money mortgage due to the flexible requirements that is needed in collecting the loan while the sellers benefits from the high interest rates that is added to the loan.
<u>Calculation of the budgeted indirect cost rate:</u>
It is given that budgeted total costs of the firm total $4,000,000 of which $2,500,000 is direct-labor costs. Hence Total Indirect Cost is ($4,000,000-$2,500,000) = $1,500,000
It is also given that direct-labor cost is the allocation base. Hence the allocation rate shall be calculated as follows:
Budgeted indirect cost rate = Total Indirect Cost / Total direct-labor costs
= 1,500,000 / 2,500,000
= 0.6
=60%
Hence the budgeted indirect cost rate is<u> 60% of Direct labor cost. </u>
Answer:
The company's current ratio is 1.25.
Explanation:
The current ratio is calculated by dividing the current assets by the current liabilities:
current assets=$50000
current liabilities=$40000
current ratio=$50000/$40000
current ratio=1.25
According to this, the answer is that the company's current ratio is 1.25.
Over time, the average consumer will be better off from reduced trade barriers by lower prices.
- Comparative advantages allow countries to manufacture the goods at which they are experts.
- A is skilled at making delicious wine, and they can do so for less money than B while still creating a wine of higher quality.
- When trade obstacles are lowered, wine from country A will be sold in country B, customers will have more wine options available to them, and prices will be substantially less different than they are when strong barriers are in place.
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