All categories

2 years ago

In microeconomics, the term ___________________ is synonymous with decreasing returns of scale.

1 answer:

4 0

In microeconomics, the term monopoly is synonymous with decreasing returns of scale.

When there are economies of scale in production?

As output increases, the long-run average total cost decreases. The total variable cost of creating five units of output is indicated by the Y-interval between the two curves in the diagram.

Is price and marginal cost equal?

In economics, the practice of setting a product's price to cover the additional expense of producing an additional unit of output is known as marginal cost pricing.
This policy limits the producer's ability to charge for each unit of a product sold to the addition to total cost attributable to materials and direct labor.

Simply put, what is microeconomics?

Microeconomics is the study of how people, households, and businesses make decisions and distribute resources.
It generally pertains to markets for goods and services and addresses both personal and financial concerns.

Learn more about microeconomics

brainly.com/question/8102286

#SPJ4

You might be interested in

Havermill Co. establishes a $460 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated recei

frozen [14]

Answer: Debit Petty cash $408; Credit Cash $408.

Explanation: Petty cash is a small amount of fund set aside for immediate or urgent minor expenses. In most organizations, there is a limit to the petty cash amount that a business unit can have. And someone is always saddled with the responsibility of managing the fund. It has its business rule in the sense that the amount should not be withdrawn beyond zero balance to throw it into debit.

In the instance of the question, the petty cash is $460 and within September, total expenses of $316 were incurred and paid for, leaving a balance of $144. However, the accountant determines that this cash should be increased by $92 on 1 October, so reimbursement to the fund would be the amount already spent ($316) and the proposed increment ($92), making $408.

5 0

3 years ago

The August current year bank statement for Allison Company and the August current year ledger account for cash follow:

Stels [109]

The August current year bank statement for Allison Company and the August current year ledger account for cash follow is

1. Deposits in transit as on August 31 are $5,400.

2. Outstanding checks are $280 and $460 amounting to a total of $740 (280+460).

3. Bank reconciliation statement-

Particulars Amount ($) Particulars Amount ($)

Balance as per cash account* 22,475 Balance as per bank account 20,235

Add: Interest collected 2,550 Add: Deposits in transit 5,400

25,025 25,635

Less: Bank service charge (130) Less: Outstanding checks (740)

Adjusted book balance 24,895 Adjusted bank balance 24,895

*Balance as per cash account = 16,470+11,800+4,450+6,900+5,400-185-860-280-460-750-260-19,750

= 22,475

4. Journal entries-

S.No. Accounts titles and Explanation Debit ($) Credit ($)

1. Cash 2,550

Interest received 2,550

(To record the interest collected)

2. Bank service charges 130

Cash 130

(To record the bank service charges)

5. Balance sheet

Current assets

Cash and cash Equivalent 24,895

In accounting, a well-known ledger is used to fill all of an agency's transactions. inside a general ledger, transactional data is organized into assets, liabilities, sales, fees, and proprietor's equity. After each sub-ledger has been closed out, the accountant prepares the trial stability.

Ledger wallets are USB storage devices that hold more than one currency offline. It shops your non-public keys on the tool, making it tough for online hackers to get admission to your bills. If the bodily tool is stolen, customers depend upon a 24-word backup recovery word to get the right of entry to saved cryptocurrencies.

Learn more about ledger here brainly.com/question/1436327

#SPJ4

4 0

1 year ago

Assume that you are a consultant to Lotte Inc., and you have been provided with the following data: D1 = $0.67; P0 = $27.50; and

Eduardwww [97]

The cost of equity from retained earnings based on the DCF approach=9.44%

Explanation:

The cost of equity from retained earnings based on the DCF approach can be calculated as follows,

For D1 = $0.67

For P0 = $27.50

For g = 7.00%

Therefore, rs = $\frac{D1}{PO}$ + g

The answer is =9.44%

8 0

3 years ago

How to improve your style of studying any help??

astraxan [27]

I advice you to listen to instramental music or your favorite music to help u focus.

Trust me this works
:)

3 0

3 years ago

Read 2 more answers

Ferguson Company recognized $400 of estimated manufacturing overhead costs at the end of the month. How does this transaction af

nadezda [96]

Answer:

This leads to a reduction in net income

Explanation:

Manufacturing overheads refer to those costs which indirectly relate to a good's production. Examples of manufacturing overheads would include depreciation charged on equipments used for production, rent of the factory wherein production takes place.

The effect of recognition of $400 of estimated manufacturing overheads would be reduction in net income since their recognition raises the cost of production which reduces gross profit. Consequently this would reduce the net income.

8 0

3 years ago