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?

Explanation:

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)

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

this conflict is person vs. society

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