Solution:
Q MC FC VC TC AFC AVC ATC
0 NA 50 0 50 NA NA NA
1 50 50 50 105 50 50 105
2 19 50 64 104 20 32 52
3 85 40 149 189 13.33 49.67 63.00
4 223 40 372 412 10 93 103
TC=FC+VC
FC=40
VC=TC-FC
MC=change in TC
AFC=FC/Q
AVC=VC/0
ATC=TC/0
a) TC when 0=0 = 40 because FC = 40 remains constant and the firm still incurs a total cost equal to its FC when it produces zero output.
b) MC for first unit = 45
c) ATC of 3rd unit = 63
d) AVC for 4th unit = 93
Answer: The optional accumulated depreciation elimination entry
Explanation:
A non-controlling interest, is also refered to as a minority interest, and this occurs when a has below 50% of the outstanding shares and in such case doesn't have a control over decisions as well.
It should be noted that when a parent owns less than 100% of a subsidiary, the noncontrolling interest shareholders are allocated their ownership percentage of income or net assets in all of the following eliminating entries except for the optional accumulated depreciation elimination entry.
Answer:
Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.
Explanation:
Depreciation expense 777
Accumulate depreciation 777
Insurance expense 975
Prepaid Insurance 975
Interest expense 470
Notes ´payable 470
Expense supllies 1974
Supplies 1974
Unearned revenue 2350
Revenue 2350
