Answer:1 ) 6 units of output,( 2) Total revenue is $90, (3) Total Cost is $93
Explanation:
Q TFC TVC. TC
$ $ $
O 11 0 11
1 11 12 23
2 11 22 33
3 11 34 45
4. 11 48 59
5 11 64 75
6 11 82 93
To calculate the total cost
TFC + TVC = Total Cost
11 + 0 = 11
11 + 12 = 23
11 + 22 = 33
11 + 34 = 45
11 + 48 = 59
11 + 64 = 75
11 + 82 = 93
The total cost is $93
To calculate the Total revenue
Price × Quantity
Since price = $15, Quantity = 6 unit
15 × 6 = 90
Total revenue = $90
The firm will produce 6 units of output
Answer:
<u>Gen Xers</u>
Explanation:
Gen Xers refers to the generation of those individuals who were born around 1960s.
The above generation has been characterized by witnessing major technological advancements and historical as well as artistic developments such as in the field of music and fine arts.
Some of the behavioral traits associated with them being as skeptic, cynics, technologically aware with respect to their familiarity with technological advancements and prefer independence financially as well as individually.
Thus, Jennifer represents Gen Xers.
Answer: B. there is also an excess demand for bonds
Explanation:
When there is an excess supply of money in the economy, there is also an excess demand for bonds.
This is because in his case, rather than holding money, individuals will want to increase their being holdings and therefore, this will lead to the reduction in their holding of money. Equilibrium will further be restored as there'll be reduction in interest rate.
Answer:
a. Cash and accounts payable
Explanation:
The journal entry to record this given transaction is shown below:
Equipment A/c Dr $5,000
To Cash A/c $1,000
To Account payable A/c $4,000
(Being the equipment is purchased for cash and on account)
Since the equipment is purchased for $5,000 that increase the asset account and the cash is paid for $1,000 so it would be credited plus the remaining amount is given on credit basis so we credited the account payable account
Answer:
Total cash flow from operations $58.3 million
Explanation:
We can calculate the net cash flow effect from operating activities by making the following adjustments.
Net Income 53 m
Add: depreciation 4.1 m
Less: Gain on asset disposal (1.9 )m
Add: Reduction in receivables 2.5 m
Less: Reduction in payable (2.7)m
Add: Reduction in inventory 3.3 m
Total cash flow from operations $58.3 million
Gain on asset is part of the investing activities cash flow.
Hope that helps.
