Answer:
The correct answer is 20 Utils
Explanation:
Marginal utility is the change in the utility from an increase in the consumption of a good or service.
Example of Maria
Maria gets 80 utils from consuming 5 cookies
If Maria consumes 6 cookies, The Utils change from 80 to 100. <u>This difference of 20 is called marginal utility.</u> (100-80=20)
Answer:
$55 and $100
Explanation:
The computation of the ending inventory is shown below:
Under the LIFO method
= Ending inventory units × purchase price
where,
Ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $11
= $55
Under the Average cost method
The average cost per unit is
= (Beginning inventory units × price per unit + purchase inventory units × price per unit) ÷ (Beginning inventory units + purchase inventory units)
= (10 units × $10 + 20 units × $25) ÷ (10 units + 20 units)
= ($100 + $500) ÷ (30 units)
= ($600) ÷ (30 units)
= $20 per unit
The ending inventory units is
= 10 units + 20 units - 25 units
= 5 units
So, the ending inventory is
= 5 units × $20
= $100
Answer:
Which of the following statements is true of the sources of competitive advantage?
It is possible to improve quality and also enhance speed.
Explanation:
It is possible to improve quality and also enhance speed, competitive advantage helps to improve quality as a result of the competition from others as well as increase in speed at which it will be carry out in order to outsmart other competitor.
Answer:
Trinity College sold 8 Games of ticket in $400,000
Till October 31 the game sorted out = 5 for example (2+3)
Measure of unmerited income on October 31
Unearned ticket revenue = (Amount received in advance × remaining month) / total month
Unearned ticket revenue = ($400,000 × 3) / 8
Unearned ticket revenue = $150,000
Adjusting Journal entry on October 31:
Debit: Unearned revenue = $250,000
Credit: Revenue = $250,000
(To record transfer of unearned revenue, to revenue account)
