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Why did jewels fine silk and spices cost so much more when they were sold in Europe?
These goods are traded from (mainly) the East. This necessitated expensive journeys and made them luxury goods. They would have been available only to the rich, as the costs of transporting them from places like Asia were prohibitive. Remember that jewels, spices and silk are still expensive today! They aren't everyday items.
How did the cost of transportation vary during the US Civil War?
The transportation of troops and the supplies required to keep an army in the field was usually a large expense. There were different costs, however, to do this depending on what type of transportation was available. The long haul transportation of railways was triple the cost of waterway transportation. Using wagons on roadways was always the most expensive way to transport troops and supplies. Wagon ways were at least ten times the cost of railways and thirty times the cost of waterways.
How much did food and goods cost in England during World War 2?
Because of the near bankruptcy of Britain, the price of food and other goods may very will have cost a small fortune.
What was the benefit of the soviet union decision to concentrate on heavy industry What was the opportunity cost and who paid it?
The opportunity cost were the consumer goods and services.
What allowed people to travel and transport goods more easily?
The development of advanced transportation infrastructure, such as roads, railways, and waterways, significantly facilitated easier travel and the movement of goods. Innovations in technology, including steam engines and later motor vehicles, enhanced speed and efficiency. Additionally, the rise of shipping routes and the advent of containerization streamlined logistics, making it simpler and more cost-effective to transport products globally. Together, these advancements transformed trade and travel, fostering economic growth and cultural exchange.
What effect does an extraordinary loss have on cost of goods sold?
Has no effect.
What effect did the assembly line have on the cost of goods?
It lowered the price of goods.
A large extraordinary loss has what effect on cost of goods sold?
A large loss will cause the cost of goods to increase. The cost of goods will increase because the organization will attempt to recoup the money.
What are the benefits of using a bicycle cargo trailer for transporting goods?
Using a bicycle cargo trailer for transporting goods offers benefits such as increased carrying capacity, improved maneuverability, reduced environmental impact, and cost savings compared to using a car or truck.
What are the benefits of using a bike with a trailer for transporting goods?
Using a bike with a trailer for transporting goods offers benefits such as increased carrying capacity, improved maneuverability in traffic, reduced carbon footprint compared to using a car, and cost savings on fuel and maintenance.
What do you call the expenses incurred by a business in transporting materials from a supplier to the place of business and which is always part of the cost of the goods which are carried?
CARRIAGE INWARD
Why would the price of goods increase each time it exchanged hands from Asia to the Middle East to Europe?
The price of the goods would rise to cover the cost of the additional transport and, additionally, make the act of transporting the goods profitable.
What was the most reliable way of transporting goods at the beginning of the nineteenth century?
At the beginning of the nineteenth century, the most reliable way of transporting goods was through waterways such as rivers and canals. Boat transportation was more efficient and cost-effective compared to overland methods like horse-drawn carriages.
How much does it cost to get a bill of lading?
A bill of lading is a document used when transporting goods overseas. It is used as a receipt. This document is free to obtain from ShipNorthAmerica.com.
Why did Pennsylvania want to build a canal system across the state?
Prior to railways, building canals was the most cost effective way to create a transportation infrastructure for moving bulk goods.
Do you add the carriage inwards?
In accounting, "carriage inwards" refers to the cost of transporting goods purchased to the business premises. It is typically added to the cost of inventory on the balance sheet, as it contributes to the total cost of acquiring those goods. This practice ensures that the expenses associated with obtaining inventory are accurately reflected in financial records.
Difference between carriage inward and freight inward?
Carriage inward refers to the transportation costs incurred by a business when purchasing goods from suppliers. It is added to the cost of inventory and increases the cost of goods sold. Freight inward, on the other hand, refers to the cost of transporting the goods purchased from suppliers to the buyer's location. It is also added to the cost of inventory but is not included in the cost of goods sold.
