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Yakvenalex [24]
4 years ago
10

Determine fixed​ cost, F; average variable​ cost, AVC; average​ cost, AC; marginal​ cost, MC; and average​ fixed-cost, AFC. The

fixed cost function​ (F) is
Business
1 answer:
Rom4ik [11]4 years ago
5 0

Answer:

Fixed Cost Function = Average Cost - Average Variable cost

Explanation:

A fixed cost is the one which does not changes with the level of production. These cost are irrelevant to number of units production. It is not affected by the units produced and sold. The change in fixed cost does not affect the marginal cost. The marginal cost is the variable cost that is incurred by producing one more unit. These costs are affected by the level of production.

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StoryBook Company provided services to several customers during the month of December. These services have not yet been paid by
timofeeve [1]

Answer:

                                                             Debit                Credit

Accounts Receivable                           xxx

Revenue                                                                        xxx

Explanation:

Since the services to the customers has been provided by the StoryBook Company  for the month of the December, therefore,the revenue shall be credited in the accounts of the StoryBook Company but since the customer has not paid for the services provided, therefore the accounts receivable shall be debited and accordingly the following journal entry shall be recorded in the accounts by the StoryBook Company:

                                                             Debit                Credit

Accounts Receivable                           xxx

Revenue                                                                        xxx

6 0
4 years ago
When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an exa
Sidana [21]

Intermediaries are often known as individuals who are known to be a link in the distribution process. They connect the various channel partners.

When an individual goes to a supermarket and selects a box of cereal from several choices of type, brand, and size, it is an example of the value of marketing intermediaries who provide an assortment.

There are four types of intermediary. They are

  1. Agents
  2. Wholesalers
  3. Distributor, and
  4. Retailers.

An organization often has many intermediaries in its distribution channel as they want.

Conclusively, amidst the types of intermediaries, helps provide several alternative to humans, so that we can choose base on our preference.

Learn more from

brainly.com/question/9727245

6 0
3 years ago
at the end of 2021, koosharem corp. calculated and recorded $50,000 in depreciation on a building that it had purchased five yea
Masteriza [31]

The effect of depreciation  on koosharem’s 2021 financial statements is that it would lead to a decrease in the net income and a decrease in assets.

Depreciation is a method that is used to decrease the carrying value of an asset due to wear and tear.

There are different methods that can be used to determine the depreciation of an asset. They include:

  1. The double-declining method
  2. The straight line deprecation method
  3. The unit of production depreciation method
  4. Sum of the years deprecation method.

Building is considered as an asset to the business. It is a type of fixed asset. The carrying value of the building on the balance sheet would be reduced by $50,000. Depreciation is an expense. This would lead to an expense of $50,000 which would reduce net income by the same amount.

To learn more about depreciation, please check: brainly.com/question/24002169?referrer=searchResults

6 0
3 years ago
Identify which of the following items would be reported in the income statement. a. Cash d. Wage expense g. Net income b. Sales
Inessa05 [86]

Answer:

Items b, d, g, h, and i

Explanation:

The following items from the given question would be recorded in the income statement;

b. sales

d. wage expenses

g. net income

h. inventory

i. cost of goods

4 0
3 years ago
A ________ is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certai
never [62]

A warranty is a seller's or lessor's express or implied assurance to a buyer or lessee that the goods sold or leased meet certain quality standards.

A warranty is the written assurance of a product's or service's quality as given to a consumer by the manufacturer or service provider. Insofar as the warranty's provisions stipulate, warranties offer clients legally-guaranteed service replacement or issue correction for the period of the warranty.

A warranty is a promise made by a manufacturer or seller that they will fix or replace any defective goods.

A product is guaranteed to be suitable for its intended use and to live up to the buyer's expectations by an implied warranty. They may be expressed orally or in writing.

To learn more about warranty here brainly.com/question/27241092

#SPJ4

8 0
2 years ago
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