When the petty cash fund depletes, it is replenished. A journal entry is passed to record this transaction.

A firm's marginal cost curve Group of answer choices always has a positive slope. always intersects its average cost curve at it

yarga [219]

Answer:

The correct answer is the first option: Always has a positive slope.

Explanation:

To begin with, the <em>marginal cost curve</em> of a firm is the graphical representation the relationship between the last unit produce and the cost of producing it. Therefore that this concept shows how much it cost to the company to produce one more unit of the product. Moreover, due to the fact that the relationship between the production and its costs are directly, the slope of the curve will be always positive, meaning that if the production increases then obviously the costs will increase but the cost per unit might decrease due to the volumen handle by the organization.

4 0

3 years ago

Nancy checks her margin account and notices she has an SMA balance in her account. A 10% stock dividend was declared this mornin

hjlf

Answer:

Dividend declare has no impact on the SMA. RR would respond the following way.

Explanation:

SMA is known as “Special Memorandum Account”. It is simply a line of credit, neither cash nor equity. It is created with the market value of the securities increase in the value. The purpose of SMA is to maintain the buying power that is provided by unrealized gains towards the subsequent purchases. SMA is an appropriate way to maintain stable account value and minimize unnecessary accounts funding.

SMA increases with the increase in the value of the security, but does not decrease when the security falls in the value.

SMA is increased by the transactions such as cash deposits, interest income or dividend received or security sales. Dividend declared by the company creates a positive sentiments in the minds of investors. However, it will not create any impact on the SMA account, until it is actually received.

3 0

3 years ago

Read 2 more answers

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine-hours best explain the

Paha777 [63]

Answer:

The utilities cost associated with 1,110 machine hours will be $10,505.

Explanation:

High Low method is a way to calculate the variable and fixed cost element of total cost using lowest level of activity and its cost and highest level of activity and its cost.

In this example The Highest activity of Machine hour is in the month of May and Lowest activity is in February.

Using high low method:

Variable cost = ( Highest activity cost - Lowest activity cost ) / ( Highest activity - Lowest activity )

Variable cost = ( Cost in May - Cost in February ) / ( Machine hours in May - Machine Hours in February)

Variable cost = ( $9,625 - $8,360 ) / ( 950 - 720 )

Variable cost = $1,265 / 230

Variable cost = $5.50 per machine hour

Fixed Cost = $8360 - ( 720 x $5.5) = $8360 - $3960 = $4,400

Utility cost of 1110 units = $4,400 + ( 1,110 x 5.5 ) = $4400 + $6,105 = $10,505

5 0

3 years ago

Laws designed to promote competition and prevent the formation of monopolies are known as _______ laws

juin [17]

<span>Laws designed to promote competition and prevent the formation of monopolies are known as _antitrust_ laws.
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6 0

3 years ago

fremont which uses the high-low method reported total cost of $10 per unit its lowest production level, 5000 units. when product

Gnesinka [82]

Answer:

$2.50

Explanation:

Calculation for the estimation of variable cost per unit

Units Total cost

High method 15,000×$5 per units =$75,000

(5,000*3)=15,000

Low method 5,000*$10 per units=$50,000

Difference 10,000 $25,000

Variable cost per unit =$25,000/10,000

Variable cost per unit=$2.50

Note: Based on the information given we were told that production tripled to its highest level which means the high method units will be 15,000 units (5,000 units*3)

Therefore Fremont would estimate its variable cost per unit as: $2.50

4 0

3 years ago