Answer:
The answer is A. True.
Explanation:
Marginal Cost is the cost of producing one more product unit.
Marginal Cost = Average Total Cost / Average Goods Output
Therefore, in the short run, an increase in Marginal Cost implies a similar increase in Average Total Cost.
Answer:
Product category units cost NRV year-end inventory
Tools:
-
Hammers 120 <u>$5.50</u> $6.00 $660
- Saws 250 $10.50 <u>$9.50</u> $2,375
- Screwdrivers 350 <u>$2.50</u> $3.10 $875
Paint products:
-
1-gallon cans 550 $6.50 <u>$5.50</u> $3,025
- Paint brushes 120 <u>$4.50</u> $5.00 $540
1) carrying value of year-end inventory:
Tools:
-
Hammers $660
- Saws $2,375
- Screwdrivers $875
- sub-total $3,910
Paint products:
-
1-gallon cans $3,025
- Paint brushes $540
- sub-total $3,565
Total $7,475
2) adjustment to tools:
Dr Cost of goods sold 250
Cr Inventory: tools 250
adjustment to paint products:
Dr Cost of goods sold 550
Cr Inventory: paint products 550
or total adjustment to inventory account:
Dr Cost of goods sold 800
Cr Inventory 800
Complete/Correct Question:
When the company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was back on schedule. This is an example of ________ power.
a. reward
b. referent
c. legitimate
d. coercive
e. Expertise
Answer:
D, coercive
Explanation:
Coercive power is the ability of a manager to be able to make an employee/subordinate follow orders by the use of force.
In the above question, Melissa withholds payment after her order of dry goods came in late a third time.
Withholding payment forced the supplier to return to the scheduled arrangement of delivery.
Cheers.
Answer:
$33900
Explanation:
Revenues for the year 2018 = $90100
Expenses for the year 2018 = $56200
Use Following formula to calculate Net Income
Net Income = Revenue for the year 2018 - Expenses for the year 2018
Net Income = $901,000 - $562,000
Net Income = $339,000
Net income for the year is $33900. Purchase asset are included in the asset section of balance sheet and dividend payment is deducted from the retained earning balance.
Structure will give employees more clarity, help manage expectations, enable better decision-making and provide consistency.
