Complete question:
Tim and Michelle have decided to form a partnership with a 60/40 partnership interest ratio. Tim contributes $7500 cash and merchandise inventory with a market value of $1500. While journalizing this transaction ________.
A) Tim, Capital will be debited for $9000
B) Tim, Capital will be credited for $9000
C) Tim, Capital will be credited for $6000 and Michelle, Capital will be credited for $4500
D) Tim, Capital will be debited for $6000 and Michelle, Capital will be debited for $4500
Answer: Tim, Capital will be credited for $9000
Explanation: Tim's total contribution towards the partnership will be recorded as his capital. Since he has contributed $7,500 worth of cash, and merchandise inventory with a market value of $1,500. The market value of the merchandise inventory and the cash contributed adds up towards his capital contribution. This is $7,500 + $1,500 which sums up to a total of $9,000.
Answer:
D) crashing
Explanation:
In project management, crashing refers to a technique used to save time on a schedule. When you crash a project, you will add resources to the existing project's activities at the lowest possible cost. You have to analyze how can you save the most amount of time while spending the lowest possible amount of money.
Perfect competition, monopolistic competition, oligopoly, and monopoly.
Answer:
d. the average total cost is increasing.
Explanation:
The average total cost if the average cost of producing one unit, where as the marginal cost if the additional cost of producing an additional unit, so when the marginal cost is greater than the average total cost, it means that producing new units will drive the average total cost up because the cost to produce one more unit is more than the average total cost. This means that the new unit being produced costs more than the previous units produced if we take an average. We can also prove this mathematically.
If a factory produces 100 units, at a total cost of 10,000.
The average total cost if 10,000/100=100
If the marginal cost is greater than the average cost for example it is 150 then the total cost is 10,000+150=10,150
Also the average total cost will be 10,150/101=100.49
This shows that when the marginal cost is greater than average total cost the average total cost is increasing.
