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Mashutka [201]
3 years ago
10

When the marginal cost curve is below the average total cost curve, the average total cost must be __________. Therefore, the ma

rginal cost curve intersects the average total cost curve __________.
Business
1 answer:
mestny [16]3 years ago
4 0

Answer:

MC < AC ; AC fall . MC intersect AC at its minimum.

Explanation:

Marginal Cost is the addition to Total Cost with an additional unit of production is produced. ΔTC/ΔQ

Average Cost is the average cost per unit of output produced. TC/Q

Both the curves are U shaped curves.

Relationship between AC & MC is as undermentioned :

MC < AC ;  AC falls

MC = AC ; AC is minimum

MC > AC ; AC rise.

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Supplies are assets until they are used. When they are used up, their costs are reported as expenses. The costs of unused suppli
mezya [45]

Question Completion:

Describe the accounting treatment of Supplies Expenses.

Answer:

Supplies Expenses are debited while the Supplies account is credited with the supplies expenses.

Explanation:

This accounting treatment of Supplies Expenses reduces the balance of the Supplies account by the amount of supplies used during the period.  Thus, what is left in the Supplies account is the cost of the unused supplies at the end of the accounting period.  The treatment also accords with the accrual concept, which requires that expenses are matched to the revenues that they generate in the period.

7 0
3 years ago
Gross billings for merchandise sold by lang company to its customers last year amounted to $11,720,000; sales returns and allowa
Alborosie

Calculation of Net sales last year for Lang Company:

It is given that Gross billings for merchandise sold by Lang Company to its customers last year amounted to $11,720,000; sales returns and allowances were $370,000, sales discounts were $175,000.

Net sales can be calculated using the following formula;

Net Sales = Sales –Sales Returns –Allowances

=  $11,720,000-$370,000-$175,000

= $11,175,000


Hence the Net sales last year for Lang Company is $11,175,000

Hence the correct asnwer is <u>c. $11,175,000.</u>



5 0
3 years ago
How often should i take my scuba cylinder to be visually inspected by my dive center?
Bas_tet [7]
<span>You should bring your scuba cylinder to be inspected at least once a week. If for some reason you feel like you are having issues then bring it more frequently. The cylinder is an important tool when going under the water.</span>
4 0
3 years ago
Which of the following is an example of manufacturing overhead expense in a​ factory? A. Salaries of salespersons B. Wages of ma
ipn [44]

Answer:

C. Wages of factory maintenance personnel

Explanation:

The manufacturing overhead records only that overhead cost which is indirect in nature plus it also records all indirect cost related to the factory

It involves factory utilities + factory equipment depreciation + factory building property taxes + Indirect factory labor and indirect materials + factory maintenance personnel wages, etc.

7 0
3 years ago
The payback method is often more useful than the net present value method for evaluating systems projects because the effective
attashe74 [19]

Answer:

True

Explanation:

Payback method considers the time that a project takes to payback the capital invested in it from its net cash flows.

Projects that have a short payback period are preferred by investors because the capital invested takes a shorter time to be repaid. That is shorter risk period.

Net present value is a consideration of the expected future cash flows in a project. It is the difference between the net present value of an asset and the present value of cash flows over a certain period. It's calculation is based on a lot of assumptions so it is probe to error.

Payback method is preferred because the effective lives of information system tend to be short and shorter payback projects are often desirable.

3 0
3 years ago
Read 2 more answers
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