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vodka [1.7K]
3 years ago
7

Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when

no workers are hired. In addition, suppose that the average total cost when 5 units of output are produced is $30, and the marginal cost of the sixth unit of output is $60. What is the average total cost when six units are produceda. $10
b. $25
c. $30
d. $35
Business
1 answer:
antiseptic1488 [7]3 years ago
3 0

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.

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The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organiz
LenKa [72]

Answer: D. Common stock

Explanation:

Common stock refers to the security which represents ownership in a corporation.

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.

3 0
3 years ago
Tinker Company reported sales revenue of $500,000 and total expenses of $450,000 (including depreciation) for the year ended Dec
uranmaximum [27]

Answer:

Net Cash inflow from operating activities $67,000

Explanation:

The computation of the net cash flow from operating activities is shown below:

Net Income ($500,000 - $450,000) $50,000

Add: Depreciation $10,000

Add: Decrease in account receivable $5,000

Less: Increase in inventory ($4,000)

Add: Increase in account payable $6,000

Net Cash inflow from operating activities $67,000

4 0
3 years ago
Cash $38,600 Short-term investments 9,000 Accounts receivable 40,000 Inventory 240,000 Prepaid expenses 17,400 Accounts payable
ZanzabumX [31]

Answer:

Current ratio and Acid-test ratio (3.15 and 0.80)

Explanation:

Note: The missing part of the question is <em>"Using the following year-end information for Bauman, LLC, calculate the current ratio and acid-test ratio:</em>"

i. Current ratio = Current assets/Current liabilities

Current assets = 38,600 + 9,000 + 40,000 + 240,000 + 17,400

Current assets = $345,000

Current liabilities= 87,200 + 22,300

Current liabilities = $109,500

Current ratio = $345,000 / $109,500

Current ratio = 3.15

ii. Acid-test ratio = {Current assets - (Inventory + Prepaid expenses)}/Current liabilities

Acid-test ratio = 345,000- (240,000  + 17,400 ) / 109,500

Acid-test ratio = 87,600 / 109,500

Acid-test ratio = 0.80

5 0
3 years ago
All of the following are public relations tools except:______
Montano1993 [528]

Answer:

b. coupons and rebates.

Explanation:

Public Relations Tools or PR tools are a way for a specific company or organization to communicate with the public and media in order to control information, advertise products/services, and even gain exposure in a market. This is done through the use of many tools such as

  • Media relations
  • Advertorials
  • Social media
  • Newsletters
  • Brochures and catalogs
  • Business events
  • Speaking engagements
  • Sponsorships or partnerships

This does not include coupons and rebates which are used simply to garner more sales for a company

8 0
3 years ago
Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2020. His father paid $44 per share
Marina86 [1]

Answer:

$6,000 LTCG

Explanation:

Calculation to determine the amount and character of the gain or loss that Monte recognizes

Using this formula

Recognized gain or loss =Amount realized -Basis

Let plug in the formula

Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)

Recognized gain or loss=$54,000-$48,000

Recognized gain or loss=$6,000 LTCG

Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG

6 0
2 years ago
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