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3 years ago

when the act curve is decreasing, we know that the mc curve is, and when the atc curve is increasing, we know that mc is

Business

1 answer:

yuradex [85]3 years ago

7 0

Answer:

When ATC curve is decreasing, we know that the MC curve is

below the ATC curve, and when the ATC curve is increasing, we know that MC is above the ATC curve

Explanation:

ATC refers to average total cost and MC refers to marginal cost, these both curve derive from total cost when MC is below ATC curve it shows that MC is less than ATC at that point ATC is falling.

Likewise, when MC is above ATC curve it shows MC is grater than ATC curve and at that point ATC is rising.

furthermore, when MC is equal to ATC at that point ATC is at minimum point.

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If you buy an investment for $800 and then sell it for

kirill [66]

Answer: 18.75%

Explanation:

Since the investment is bought for $800 and then sold for $950 a year later, then the annual return on investment will be:

= (Selling price - Cost price) / Cost price × 100

= ($950 - $800)/$800 × 100

= $150/$800 × 100

= 18.75%

3 0

3 years ago

Lee Company has a current ratio of 2.65. The acid test ratio is 2.01. The current liabilities of Lee are $45,000. The dollar amo

White raven [17]

Given:
Current ratio: 2.65
acid test ratio: 2.01
current liabilities: $45,000

Current ratio = current asset / current liabilities
2.65 = current assets / 45,000
2.65 * 45,000 = current assets
119,250 = current assets

Acid test ratio = (current assets - stocks) / current liabilities
2.01 = (current assets - stocks) / 45,000
2.01 * 45,000 = current assets - stocks
90,450 = current assets - stocks

119,250 - 90,450 = 28,800 is the dollar amount of merchandise inventory.

6 0

3 years ago

In some markets, the government regulates the price of utilities so that they are

Charra [1.4K]

Answer:

In Utah’s Arches National Park we can see many interesting shapes like this one. Many different things helped to shape this arch: earthquakes, rivers, freezing water, and wind. Only one of these made the surface of the arch smooth and rounded. That was

Explanation:

6 0

4 years ago

Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income

lara [203]

Answer:

B. Cost of goods sold will be too low by $5,000.

Explanation:

Given that

Ending inventory overstated in the current year by $5,000

And, the net income is incorrectly reported $100,000

So, due to this error

The cost of goods sold is understated by $5,000

And, the net income is overstated by $5,000

Since the cost of goods sold is understated by $5,000 so it would be too low due to which the net income overstated by $5,000

4 0

3 years ago

L. Bowers and V. Lipscomb are partners in Elegant Event Consultants. Bowers and Lipscomb share income equally. M. Ortiz will be

Mama L [17]

Answer: See attachment and explanation

Explanation:

1. Ortiz purchased a 20% interest for $20,000.

Total capital after the admission of the partner will be:

= ($96000 - $4000) + ($40000 - $4000) + $20000

= $92000 + $36000 + $20000

= $148000

The share of new partner in the capital structure will be:

= Total capital × Interest of new partner

= $148000 × 20%

= $29600

There'll be a deficiency in the profit which the existing partner contributes to and this will be:

= $29600 - $20000

= $9600

Then each partner shares =$9600/2 = $4800

2. Ortiz purchased a 30% interest for $60,000.

Total capital after the admission of the partner will be:

= ($96000 - $4000) + ($40000 - $4000) + $60000

= $92000 + $36000 + $60000

= $188000

The share of new partner in the capital structure will be:

= Total capital × Interest of new partner

= $188000 × 30%

= $56400

Since the share is less than the amount of $60000 bought in, the existing partner will be compensated in the amount of ($60000 - $56400) = $3600. Therefore each partner gets $3600/2 = $1800

Check attachment for the journal entries.

5 0

3 years ago