Answer:The marginal cost of fourth unit is $589
Explanation:The marginal cost of a good is defined as the cost of producing an additional one unit which increases the total cost of such good. Therefore we can say that;
Marginal cost=Total cost at 4 units - total cost at (4-1) units
=total cost of the 4 units - total cost of the three units
=3,087 -2,498
=$589
Also using the formulae;
Marginal cost = Change in cost / change in quantity
= 3,087 -2,498/4-3 =589/1= $589
The marginal cost of fourth unit is $589
Answer:
15 July Debit Bank $10,000; Credit Sales revenue $9,600 and Credit Sales tax payable $400
15 July Debit Cost of goods sold $5,000; Credit Inventory $5,000
1 August Debit Sales tax payable $400; Credit Bank $400
Explanation:
15 July Debit Bank $10,000; Credit Sales revenue $9,600 and Credit Sales tax payable $400
15 July Debit Cost of goods sold $5,000; Credit Inventory $5,000
1 August Debit Sales tax payable $400; Credit Bank $400
The sales tax expense of $400 ($10,000 * 4%) is a liability to the company as it has to pay it over to government thus it cannot be recorded as sales revenue income. At the date of sale we recognize a sales tax payable liability of the amount that we would have to pay over to the government for that particular sale
B. Finance a car. If they need to use one yearly, then it would be best to finance one and pay it off over time
Answer:
Explanation:
100%
Competent to Train Others (can be considered an expert on this subject)
AND
75%
Competent (is familiar with working practice and standards)
Answer:
The correct answer is Business Process Reengineering.
Explanation:
Process Reengineering, or BPR (Business Process Reeingeniering), consists of the fundamental review and radical redesign of processes. In this way, spectacular improvements will be achieved in critical and contemporary performance measures, such as costs, quality, service and speed.
There are three types of process reengineering that can be implemented by a company:
- Improve costs
- Achieve "be the best in its class"
- Make a point of radical innovation
