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3 years ago

If marginal cost is greater than average total cost, then

Business

1 answer:

Ber [7]3 years ago

5 0

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.

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3 years ago

Many gas stations with convenience stores sell gas at, or close to, cost. In these organizations, profit comes from the convenie

OLga [1]

Answer: build traffic.

Explanation:

The pricing model employed by such gas stations is built in a way to drive traffic. traffic is important and has an impact in many ways 1. low traffic can bog your business down at some level.

2. When you increase your traffic along with the quality of the visitors, the better you will be able to increase your sales.

traffic in this context refers to customers the more you are able to pull customers over the more sales you make.

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3 years ago

Match the accounting terminology to the definitions (Click the icon to view the definitions.)

Volgvan

Answer:

a. Accounting.

b. Certified public accountants.

c. Creditor.

d. Managerial accounting.

e. Certified management accountants.

f. Financial accounting.

Explanation:

1. Accounting: information system that measures business activities, processes that information into reports, and communicates the results to decision makers.

2. Certified public accountants: professional accountants who serve the general public.

3. Creditor: person or business to whom a business owes money.

4. Managerial accounting: field of accounting that focuses on providing information for internal decision makers.

5. Certified management accountants: professionals who work for a single company.

6. Financial accounting: field of accounting that focuses on providing information for external decision makers.

7 0

3 years ago

If you believe in the ________ form of the EMH, you believe that stock prices reflect all relevant information including histori

Alex

Answer:

A)semistrong

Explanation:

As regards to finance, the efficient-market hypothesis known as "EMH"

gives assertion that financial markets can be regards as "informationally efficient. ”

The EMH three forms which are:

1)weak

2) semi-strong

3)strong

it gives evaluation of the influence that MNPI(material Nonpublic Information ) has on market prices. It explains that when markets are efficient then the current prices reflect all information.

Semi-strong-form give a claim that prices gives reflection of all publicly available information, it also claims that

that prices instantly change to to gives a reflection of new public information.

The weak-form gives a claim that prices that is on traded assets such as bonds or stock gives reflection of

all publicly available information in the past . It should be noted that If you believe in the semistrong form of the EMH, you believe that stock prices reflect all relevant information including historical stock prices and current public information about the firm, but not information that is available only to insiders.

3 0

2 years ago

Selected data (in thousands) derived from the income statement and balance sheet of National Beverage Co. for a recent year are

ss7ja [257]

Answer and Explanation:

The preparation of the cash flow statement is presented below:

Cash flow from operating activities

Net income $49,311

Less: Gain on disposal of property -$1,188

Add: Depreciation expense $11,580

Add: Other items involving non-cash expenses $1,383

Less: Increase in accounts receivable -$1,746

Add: Decrease in inventory $990

Less: Increase in prepaid expenses -$605

Less: Decrease in accounts payable -$710

Less: Decrease in accrued and other current liabilities -995

Cash flow provided by operating activities $58,020

Amortization of intangible assets : Added

Decrease in accounts payable : Decrease

Decrease in accounts receivable : Added

Decrease in accrued and other current liabilities : Decrease

Decrease in inventory : Added

Decrease in prepaid expenses : Added

Depreciation : Added

Gain on disposal of property : Decrease

Increase in accounts payable : Added

Increase in accrued and other current liabilities : Added

Increase in accounts receivable : Decrease

Increase in inventory : Decrease

Increase in prepaid expenses : Decrease

Losses on disposal of property: Added

Other items involving noncash expenses : added

4 0

3 years ago