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swat32
3 years ago
15

Tom’s Tent Company has total fixed costs of $300,000 per year. The firm's average variable cost is $80 for 10,000 tents. At that

level of output, the firm's average total costs equal a. $80 b. $90 c. $100 d. $110
Business
1 answer:
Ghella [55]3 years ago
8 0

Answer:

The firm average total cost is $110

correct option is  d. $110

Explanation:

given data

total fixed costs = $300,000 per year

average variable cost = $80

tents = 10,000

to find out

we know that average total costs is sum of average fixed cost and average variable cost    .........................1

here

Average fixed cost = total fixed cost ÷  number of unit output

Average fixed cost = \frac{300,000}{10,000}

Average fixed cost = $30

so

average total costs = Average fixed cost  + average variable cost

average total costs = $30 + $80

average total costs = $110

correct option is  d. $110

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The sales returns and sales allowances accounts are classified as
Harlamova29_29 [7]

These two Sales Revenue accounts (the sales returns and sales allowances) are classified as <em>Contra accounts.</em>  They have debit balances unlike the Sales Revenue account.

  • The purpose of their creation is to maintain the Sales Revenue account at its gross amount for measure purposes.

  • The Sales Returns account is the General Ledger account for recording goods returned by customers.  It reduces the Accounts Receivable account, which is credited with Sales Returns.

  • The Sales Allowances account records allowances granted to customers for defective goods, which reduce their balances.

Thus, the two sales accounts are contra accounts and they have debit balances.

Read more: brainly.com/question/14869899

6 0
2 years ago
4. Select the FALSE statement below: A. A partnership approach to planning for mass casualty incidents helps to ensure that the
Goshia [24]

Answer: D. When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization.

Explanation:

Mass casualty incident refers to a situation in which medical services are overwhelmed by the number of casualties.

From the options given, the false statement is that "When an organization is planning for mass casualty incidents, an effective approach is to request law enforcement personnel to develop a separate plan for mass casualty incidents for the organization".

This is incorrect. In a mass casualty, a separate plan cannot be developed for an organization. All the casualties are entitled to same plan.

6 0
3 years ago
A currency trader observes the following quotes in the spot market: 1 U.S. dollar = 122 Japanese yen 1 British pound = 2.25 Swis
andrezito [222]

Answer:

88.38

Explanation:

Given;

1 U.S. dollar = 122 Japanese yen

1 British pound = 2.25 Swiss francs

1 British pound = 1.63 U.S. dollars

Therefore,

2.25 Swiss francs = 1.63 U.S. dollars

1 US. dollar = 2.25/1.63 Swiss francs

1 US dollar = 1.38 Swiss francs

since

1 U.S. dollar = 122 Japanese yen then,

1.38 Swiss francs = 122 Japanese yen

1 Swiss francs = 122/1.38 Japanese yen

1 Swiss francs  = 88.38 Japanese yen

1 Swiss franc can be used to purchase 88.38 Japanese yen.

8 0
3 years ago
Mauve company permits employees to occasionally use the copying machine for personal purposes. the copying machine is located in
serg [7]
That means they arnt paying you a lot or there not making more that there selling
6 0
3 years ago
The following facts apply to the pension plan of Culver Inc. for the year 2017. Plan assets, January 1, 2017 $495,100 Projected
tiny-mole [99]

Answer and Explanation:

The preparation of pension worksheet is shown below:-

                      General Journal entries

Particulars             Annual pension    Cash    Pension Assets/

                                   expenses                         Liabilities

Service cost             $43,700 Dr.

Interest cost              $39,608 Dr.

                              (495,100 × 8%)

Actual return             $52,100 Cr.

Contributions                                       $26,600 Cr.

Journal Entry 31 Dec  $31,208 Dr.      $26,600 Cr.   $4,608 Cr.

Balance 31 Dec 217                                                      $4,608 Cr.

                                       Memo record

                                 Projected benefit obligation        Plant assets

Balance Jan 1 2017     $495,100 Cr.                                 $495,100 Dr.

Service cost                 $43,700 Cr.

Interest cost              $39,608 Cr.

                              (495,100 × 8%)

Actual return                                                                    $52,100 Dr.

Contributions                                                                  $26,600 Dr.

Benefits                    $36,500 Dr.                                   $36,500 Cr.

Balance 31 Dec 217    $541,908 Cr.                                 $537,300 Dr.

4 0
3 years ago
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