Ask Question
5 September, 19:40

Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: Lumber is sold to furniture company. $2,500 Stage 3: Furniture company sells furniture to retail store. $6,000 Stage 4: Furniture store sells furniture to consumer. $12,000 Instructions: Enter your responses rounded to the nearest whole number. a. What is the value added at each stage?

+3
Answers (1)
  1. 5 September, 23:22
    0
    The computation of the value added at each stage is

    Stage Value of transaction Added value

    1 $1,000 $1,000

    2 $2,500 $1,500 ($2,500 - $1,000)

    3 $6,000 $3,500 ($6,000 - $2,500)

    4 $12,000 $6,000 ($12,000 - $6,000)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: Lumber is ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers