Answer:
The answer is A, parallel, although some people think it is hard, it is the most easiest and orderly.
If marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost
The Average Variable Cost:
<h3>What is Marginal Cost?</h3>
This refers to the total production cost change which is associated with the production of one unit of utility.
With this in mind, we can see that if the marginal cost <em>exceeds </em>average variable cost but is less than average total cost, then as <em>output increases</em> average total cost would decrease and the average variable cost would increase.
Read more about marginal cost here:
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Answer:
The correct answer is letter "A": an interactive leader.
Explanation:
Interactive leaders are those who are involved in the day-to-day activities of their subordinates coordinating what is necessary for them to perform their activities efficiently. These leaders promote a horizontal hierarchy within their companies.
Interactive leaders are seen as power-sharing executives since they do not limit subordinates' decision-making but monitor them closely to verify if they are meeting the expectations that will contribute achieve the overall goal of the team.
Answer:
Kodiak Fridgeration Company
Income Statement
For the month ended August 31, xxxx
Sales $8,800,000.00
Less: Manufacturing costs:
Direct materials $3,450,000.00
Direct labor $1,196,000.00
Variable manufacturing cost $782,000.00
Fixed manufacturing cost <u>$598,000.00</u>
<u>($6,026,000.00)</u>
Gross Income $2,774,000.00
Less: Selling & admin expenses
Variable $600,000.00
Fixed $320,000.00
<u>($920,000.00)</u>
Net Income $1,854,000.00
Explanation:
Absorption costing consider all the cost incurred in production either variable or fixed as production cost and all the operating costs as the period costs. It calculates the gross profit after deducting the cost of goods sold from the net sales and net income after deduction the operating costs from the gross profit.
Answer:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Merchandise $ 760 (debit)
Cash $ 560 (credit)
Equipment $200(credit)
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Cash $270 (debit)
Dividend $530 (debit)
Salaries and Wages $ 800 (credit)
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
Account Payable $470(debit)
Cash $470 (credit)
Explanation:
Part 1. The purchase of supplies for $760 cash was debited to Equipment $200 and credited to Cash $200.
Derecognise the $ 200 Equipment recored in error.The Cash figure was understated, therefore derecognise a further $560 to reflect the outflow of economic benefits. Lastly the Merchandise or Inventory Account must the recognised. This is the correct asset account to the original transaction.
Part 2. A $530 dividend was debited to Salaries and Wages Expense $800 and credited to Cash $800.
Recognise an equity element - Divident. Assets of cash were overstated therefore recognise the overstated amount of $270. Salaries and Wages Account was recognised in error therefore de-recognise this expense account.
Part 3. A payment on account of $700 to a creditor was debited to Accounts Payable $230 and credited to Cash $230
The transactions was recorded in correct accounts for the debit and credit but with wrong or understated amounts. Recognise a further $230 for Accounts Payable and a further 4230 for Cash