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Arte-miy333 [17]
3 years ago
6

Hammond Lumber has just changed from prefabricating 8 gazebos to 10 gazebos (units). Their total costs changed from $9,500 to $1

1,000. What is the marginal cost for Hammond Lumber?
Business
1 answer:
AfilCa [17]3 years ago
3 0

Answer:

MC = 750

Explanation:

Below is the given values:

Initial quantity = 8

Final quantity = 10

Initial total cost = $9500

Final total cost = $11000

Marginal cost = Change in total cost / Change in quantity

Change in total cost = 11000 - 9500 = 1500

Change in quantity = 10 - 8 = 2

Marginal cost = Change in total cost / Change in quantity

MC = 1500 / 2

MC = 750

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Delmar Company purchased a building on January 2 by signing a long-term $480,000 mortgage with monthly payments of $4,400. The m
photoshop1234 [79]

Answer and Explanation:

The journal entries are shown below:

For the month of January

Cash $480,000

          To Mortgage Payable $480,000

(Being the mortgage payable is recorded)

For recording this we debited the cash as it increased the assets and credited the mortgage payable as it also increased the liabilities

For the month of February

Mortgage Payable $400

Interest Expense $4,000    {($480,000 × 10%) ÷ 12 months}

             To Cash $4,400

(Being the cash paid is recorded)

For recording this we debited the mortgage payable and interest expense as it decreased the liabilities and increased the expenses and credited the cash as it decreased the assets

Now the balance left is

Beginning balance of  Mortgage Payable $480,000

Less: February Deduction (400)

Ending Balance of Mortgage Payable $479,600

6 0
4 years ago
The appraisal interview _______
Tomtit [17]

Answer:

The appraisal interview should be held in two segments because the rater must perform the role of both evaluator and counsellor.

Explanation:

Following are the purpose of appraisal interview:

1) Rate and evaluate the past performance.

2) Feedback for development and recommend the training program.

3) Discuss the growth plan of employee.

Therefore, role of one who is taking appraisal is very vital for the growth and development of employee. So, he has to play two role, both evaluator and counsellor.

6 0
4 years ago
Retscan, Inc. has assets of $625,000, liabilities of $385,000, and equity of $240,000. It buys office equipment on credit for $1
brilliants [131]

Answer: a. Assets increase by $125,000 and liabilities increase by $125,000

Explanation:

The Office equipment bought are considered PPE which means they are fixed assets. Their acquisition will increase the assets held by the company by the value of the equipment, $125,000.

The equipment was however, bought on credit. This means that the company still owes the suppliers, payment for it which will see their liabilities increase by the same amount of $125,000.

5 0
3 years ago
Smith & Sons, Inc., is authorized to issue one million shares of $1 par value common stock. The company actually sells 500,0
Irina-Kira [14]

Answer and Explanation:

journal entry                                                  amount             amount

cash A/c   (500,000*$10) DR                       $5,000,000

common stock A/c (500,000*$1)                                            $500,000

additional paid in excess of value  A/c                                  $4,500,000

         (500,000*$9)                          

5 0
4 years ago
Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h
artcher [175]

Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

In this scenario, Alyssa in order to protect herself from the effect of the inflation, she sends employee to bank for depositing the money into the bank four times a day. Therefore, it is an example of Shoe leather cost

7 0
4 years ago
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