Andy is the oldest, then Tom, and finally John. Please mark Brainliest!!!
Because I’m going home and tomorrow I can have some time tomorrow to
A good example of marginal cost is if a company needs to construct a new factory in order to produce more goods, the cost of building the factory is the marginal cost.
<h3>What is Marginal Cost?</h3>
This refers to the added cost that is accrued by producing an extra unit of service.
Hence, we can see that your question is incomplete so a general overview was given to help you better understand the concept.
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Using the accrual method, the unearned revenue as of December 31 is $12,000.
<h3>What is Unearned revenue?</h3>
Unearned revenue can be defined as the amount a company received from their client for the service they are yet too rendered.
Since the company has received full balance for the services not yet provided. The unearned revenue as of December 31 will be $12,000.
Reason been that the amount that the client paid the company is for a year-long contract, hence the $12,000 represent a prepayment amount for the service the company is yet too rendered to their client
Thus, using the accrual method, the unearned revenue as of December 31 is $12,000.
Learn more about unearned revenue here:
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