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Neporo4naja [7]
3 years ago
8

This chapter discusses many types of costs: opportunity cost, total cost, fixed cost, variable cost, average total cost, and mar

ginal cost. Fill in the type of cost that best completes each sentence: a. What you give up for taking some action is called the _____. b. ______ is falling when marginal cost is below it and rising when marginal cost is above it. c. A cost that does not depend on the quantity produced is a(n) ______. d. In the ice-cream industry in the short run, _______ includes the cost of cream and sugar but not the cost of the factory. e. Profits equal total revenue minus ______. f. The cost of producing an extra unit of output is the _______.
Business
1 answer:
Murljashka [212]3 years ago
3 0

Answer:

see below

Explanation:

a. What you give up for taking some action is called the <u>opportunity cost. </u>

b. <u>Average total cost</u> is falling when marginal cost is below it and rising when marginal cost is above it.

c. A cost that does not depend on the quantity produced is a <u>fixed cost.</u>

d. In the ice-cream industry in the short run <u>variable costs</u> includes the cost of cream and sugar but not the cost of the factory.

e. Profits equal total revenue minus  <u>total costs.</u>

f. The cost of producing an extra unit of output is the <u>marginanal cost.</u>

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Suzy’s Cool Treatz is a snow cone stand near the local park. To plan for the future, the owner wants to determine her cost behav
prisoha [69]

Answer:

Cost= $6,242.18

Explanation:

Giving the following information:

Month Number of snow cones Total operating costs

January 3,500 cones  $5,000

February 3,800 cones $4,800

March 5,000 cones $6,800

April 3,600 cones $5,450

May 4,700 cones $6,200

June 4,250 cones $5,950

Suzy uses the high-low method to determine her operating cost equation.

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ highest activity units - Lowest activity units)

Variable cost per unit= (6,800 - 4,800) / (5000 - 3,500)= 1.3333

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 6,800 - (1.3333*5000)= 133

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 4800 - (1.3333*3,500)= 133

Q= 4,582

Cost= 133 + 4582*1.3333= $6,242.18

6 0
2 years ago
To move an sbu from its current position on a bcg business portfolio analysis, a manager should concentrate mostly on
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To move an sbu from its current position on a bcg business portfolio analysis, a manager should concentrate mostly on influencing the present relative market share. One of the advantages of bcg business is that it allows to view market strategies and tactics in solving the sbu issues. 
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3 years ago
Private companies that own and maintain the worldwide backbone that supports the internet. ___________
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Answer:

The correct answer is National Service Provider.

Explanation:

The networks of Internet service providers could be considered as a super set of business networks, especially large corporations. The big difference is that a bank has to attend only to the traffic requirements between the networks of its own offices, while an ISP serves hundreds, thousands or millions of different clients, and it is important to guarantee the "tightness" of the various groups , so that they don't see each other directly, and in turn, everyone can access the Internet.

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The statement of stockholders' equity includes these amounts:______
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These sums are included in the period's ending balance, retained profits, dividends, and net income in the statement of stockholders' equity.

Stockholder equity, often known as shareholders' equity or owners' equity, is the amount of assets left over for shareholders to use after all liabilities have been settled. It is determined by subtracting a company's total assets from its total liabilities, or alternatively by adding its share capital and retained earnings and deducting its treasury shares. Among the possible components of shareholders' equity are common stock, paid-in capital, retained earnings, and treasury stock.

Stockholders' equity can conceptually be used to assess the amount of money a company has kept on hand. If this number is negative, a business may be on the verge of bankruptcy, especially if there is also a substantial debt obligation.

There are two main sources of Stockholder equity, which is also known as the company's book value. The money that was initially and subsequently invested in the business through share offerings is the first source. The company's retained profits (RE), which are accumulated over time as a result of its operations, make up the second source. Retained earnings typically make up the greatest portion, especially when dealing with businesses that have been around for a while.

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5 0
1 year ago
ABD Tech has invested $20 million to install business intelligence software (BIS) at all of its branches across the globe so tha
NeX [460]

Answer:

The correct answer is letter "B": processing cost.

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Processing cost is a method of costing implemented in large institutions to track the costs per unit incurred in the business. This approach is mainly used when the company produces items in mass-scale that are very similar or equal and the costs tend to be assigned in mid-term periods -typically one month.

3 0
3 years ago
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