Answer:
d. $35
Explanation:
(1) (2) (1) × (2)
No of units Avg total cost Marginal Cost Total Cost
5 units $30 - $150 -
6 units $35 $60 $210
Total Cost for 6 units = 150$ + $60 (marginal cost) = $210
Average total cost = $210 ÷ 6 units = $35
Marginal cost is the change in total cost when an additional unit of output is produced.
Average total cost is the total cost per unit of output produced.
Marketing research leads to getting of relevant data for management decision making.
<h3>What is a
Marketing research?</h3>
This means a process of knowing the viability of a new product through a research conducted directly with potential customers.
This allows to gather relevant information about the potential customers of the product.
Therefore, the Option C is correct.
Read more about Marketing research
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Answer:
The price elasticity of supply is about <u>0.87</u>.
Explanation:
The price elasticity of supply is the degree of responsiveness of quantity supplied to the change in price.
The midpoint method of calculating the price elasticity of supply uses the average percentage change in both quantity and price, and this is given as follows:
Price elasticity of supply = Percentage change in supplied / Percentage change in price
We therefore apply this as follows:
Percentage change in quantity supplied = {(New supply - Old supply) / [(New supply + Old supply) / 2]} * 100 = {(170 - 150) / [(170 + 150) / 2]} * 100 = 12.50%
Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100 = {(1.50 - 1.3) / [(1.50 + 1.30) / 2]} * 100 = 14.29%
Therefore, we have:
Price elasticity of supply = Percentage change in supplied / Percentage change in price = 12.50% / 14.29% = 0.87
Therefore, the price elasticity of supply is about <u>0.87</u>.
Note that since the price elasticity of demand of about 0.87 is less than 1, it implies that the relationship between the quantity demanded and the price is inelastic.
Answer:
the statement of comprehensive income
Explanation:
The statement of comprehensive income refers to a summary in which the net assets are to be recognized for a particular period of time. It shows the adjustments made to the equity that would be highlighted also. Plus the net income could be determined by preparing an income statement
Therefore in the given case, the changes that are made in the stockholder equity would be come under the comprehensive income statement and the same is to be considered
Answer:
$1263
Explanation:
Given: Beginning inventory 10 units at $55
First purchase 25 units at $60
Second purchase 30 units at $65
Third purchase 15 units at $70.
First, finding Total cost of available inventory to know weighted average cost.
Total cost= 
∴ Beginning inventory= 
First purchase= 
Second purchase= 
Third purchase = 
.
Total units available for sale= 
Total cost of available inventory= 
Now, finding Weighted average cost.
Weighted average cost= 
Weighted average cost= 
∴ Weighted average cost= $ 63.125.
As given, 60 units sold during the year, which mean 20 units is still remaining out of total 80 units.
The value of ending inventory= 
∴ The value of ending inventory= 
∴ The value of ending inventory using average cost is $1263
