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kirill115 [55]
4 years ago
8

The firm's efficient scale is the quantity of output that minimizesa. average total cost. b. average fixed cost. c. average vari

able cost. d. marginal cost.
Business
1 answer:
vlada-n [284]4 years ago
4 0

Answer: Option (a) is correct.

Explanation:

Correct option: Average Total Cost (ATC)

The firm's efficient level is the quantity of output that minimizes the average total cost. Firm's efficiency is attained at a point where price is equal to marginal cost. Hence, there is one more condition where marginal cost is equal to average total cost.

It is also a point where firm can maximize its profit and total quantity of output is also maximized at this point.

∴ At this point of maximization, firm's efficient level of quantity minimizes the average total cost.

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Extra units that are held in inventory to reduce stockouts are called a. demand variance. b. reorder point. c. safety stock. d.
vampirchik [111]

Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.

Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.

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7 0
2 years ago
Which adult below should AVOID hiring a financial adviser at this moment?
Dvinal [7]

Answer:

B. Mateo

Explanation:

He just graduated college therefore he has loans to pay back which could take a  long time and an advisor may not fit in to his budget right now.

3 0
3 years ago
Read 2 more answers
Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding D
kogti [31]

Answer:

Cost per EUP Materials: $2,05

Explanation:

                                                 Units                Materials              Conversion

Beginning WIP:                      25,000          25,000 (100%)         13,750 (55%)

Units Transferred Out:          135,000          135,000                    135,000

Ending WIP:                            30,000          30,000 (100%)          9,000 (30%)

Equivalent Units of Production (FIFO): Units Transferred Out + Equivalent Units in ending WIP - Equivalent Units in Beginning WIP

EUP Materials: 135,000 + 30,000 - 25,000 = 140,000

Cost per Equivalent Unit (FIFO): Total Cost Incurred in the Period / Equivalent Units of Production

Cost per EUP Materials: 287,000 / 140,000 = $2,05

7 0
3 years ago
The following credit sales are budgeted by Garcia Company:January $255,000February $375,000March $525,000April $450,000The compa
weeeeeb [17]

Answer:

Total cash to be realized in March = $468,000

Explanation:

As for the provided information, the details are:

Realization of sales:

In the month of Sale = 70%

In the month following sale = 20%

In the next to month following sale = 10%

Thus, for the month of March: Realization shall be:

Sales of March = 70% = $525,000 \times70% = $367,500

Sales of February = 20% = $375,000 \times 20% = $75,000

Sales of January = 10% = $255,000 \times 10% = $25,500

Total cash to be realized in March = $468,000

7 0
3 years ago
An advertiser wants to create ads that target potential customers in california. which targeting method should this advertiser u
PolarNik [594]
I believe the answer is Location Targeting.
Location targeting help advertisers to provide appropriate advertising that is relevant to the people that live in a certain location.
For example, an advertisement for sunblock products would be much more efficient if it's advertised to the people that live near the beach such as Miami.
5 0
4 years ago
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