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3 years ago

What is the difference between marginal values and average values?

1 answer:

4 0

What is the difference between marginal values and average values? Marginal values show the additional benefit or cost from consuming an additional unit of a good, while average values are the benefit or cost per unit of a good. When finding the marginal value a marginal analysis is conducted to figure out at what value a person will receive another benefit from making another purchase or consumption of a good or service.

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In the month of November Sunland Company wrote checks in the amount of $53300. In December, checks in the amount of $72910 were

topjm [15]

Answer:

outstanding checks at the end of December = $14,748

Explanation:

Checks Written

November $53300

December $72910

126,210

Checks Presented

November $48776

December $62686

1111,462

126,210 - 1111,462 = 14,748

7 0

4 years ago

Lita Lopez started Biz Consulting, a new business, and completed the following transactions during its first year of operations

vazorg [7]

Answer:

operating activities

services collected 8,500

account collected 3,900

wages for the perid (2.500)

purchase in cash

supplies (3,300)

advertisement (910)

payment to suppliers (900)

Cash generated from operating activites: 4,790‬

investing activities

purchase of suite (45,000)

office equiment purchase (5,000)

cash used for investing activites 50,000

financing activities

Lopez cash contributiion 61,000

Lopez withdrawals (1,400)

cash generated from financing activites 59,600

cash generated for the period 14,390

beginning of the period 0

Ending Cash 14,390

Explanation:

We have to associate each transaction with a cash flow activity.

The first step is checkthe cash involve, we will ignore anythign that is not cash.

then

(A) the contribution finance the business so financing

(B) this suite will be used for several period. It will be the base of operation from the business, is an investment

(d) we record only for the cash used

(e) paid for an operational cost

(f) no cahs involve

(g) collected from business activities

(h) withdraw from the owner, a (des)financing

(i) receive cash from their activities, operating

(j) payment for equipment, this cash is invest in the equipment

(K) paid for wages, that is an operational cost, without secreaty the firm won't operate

3 0

3 years ago

A company has the following three events in December: 1. December 1 - Pay last month's rent (November), $500. 2. December 15 - P

bearhunter [10]

Answer:

A transformation T: (x, y) (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

(7, 4)

Explanation:

A transformation T: (x, y) (x + 3, y + 1). For the ordered pair (4, 3), enter its preimage point.

(-1, 2)

(1, 2)

(7, 4)

6 0

3 years ago

Currently, GreenCut Lawn mowers produces all of its riding lawn mower transmissions in-house. Annual costs for producing these 4

Anastaziya [24]

Question:

Currently, GreenCut Lawnmowers produces all of the transmissions used in its riding lawnmowers in-house. Its annual costs for producing these 45,000 transmissions are detailed below:

Direct material 765,000

Direct labor 270,000

variable overhead 240,000

Fixed manufacturing overhead 150,000

Total manufacturing cost 1,425,000

Instead of making its own transmissions, GreenCut is considering buying them from a supplier at a price of $30 each. Based on incremental analysis, GreenCut should

Answer:

Green Cut should produce/make the transmission internally because doing so would it $15,000

Explanation:

For a make or buy decision the relevant cash flows include

1. the differential variable of the two options

2. savings from avoidable fixed costs associated with internal production

Incremental analysis $

External cost of purchase( $30× 45,000) 1,350,000

Variable cost of making

(765,000 + 270,000 + 250,000) (1,185,000 )

Extra variable cost of external purchase 165,000

Savings in Avoidable fixed cost (150,000)

Net extra cost of external purchase cost 15,000

Note that the fixed manufacturing cost are unavoidable cost i.e which means they would be incurred either way.

Decision

Green Cut should produce/make the transmission internally because doing so would it $15,000

6 0

4 years ago

Why does the adoption of new technology tend to increase supply?

Butoxors [25]

Answer:

New technology allows firms to produce at a lower cost. As a result, as firms adopt a new technology, their cost curves shift downward. Market supply increases, and the market supply curve shifts rightward. With a given demand, the quantity produced increases and the price falls.

7 0

3 years ago

What is the difference between marginal values and average​ values?

What is the difference between marginal values and average values?