Business, 28.12.2019 00:31, cailynrachael
The short-run cost function of a company is given by the equation tcequals200plus55q, where tc is the total cost and q is the total quantity of output.
a. the fixed cost of production is $ 200. (enter your response as an integer.)
b. if the company produces 100 units of goods, the average variable cost is $ 55. (enter your response as an integer.)
c. the marginal cost of production would be $ 55. (enter your response as an integer.)
d. the average fixed cost of production would be $ 2. (enter your response rounded to two decimal places.)
e. suppose the company borrows money and expands its factory. its fixed costs rise by $50, but its variable costs fall by $30 per unit. the cost of interest (i) also enters into the equation. each 1-point increase in the interest rate raises costs by $5. write the new cost equation. the new cost equation is
Answers: 1
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True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
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Business, 22.06.2019 20:30, andrejr0330jr
Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)
Answers: 3
Business, 22.06.2019 21:40, andyboehm7411
The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.
Answers: 1
The short-run cost function of a company is given by the equation tcequals200plus55q, where tc is th...
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