Answer:
$0.55, $0.375, $0.45
Explanation:
Average Total Cost, ATC = TC/output
ATC at 500 unit = TC at 500/ output
= $275/500
= $0.55
checked the attached file for a complete solution
The scale of measurement used here is an ordinal scale.
Ordinal scales ask participants to rate things like satisfaction, happiness, comfort. etc. The important thing to remember about this scale is that the order of the values matter the most. For example: we know that a 5 is better than a 1, but we are unsure of exactly how much better. This difference cannot be quantified or measured exactly. An easy way to remember this one is that ordinal sounds like "order" and that is what this measure is used for- putting things in order.
The most common form of ordinal measures is the Likert Scale. The question is an illustration of a Likert Scale.
Answer:
Explanation:
The journal entries are shown below:
a. Inventory A/c Dr $26,000
To Notes payable A/c $26,000
(Being inventory is purchased for signing the short term notes payable)
b. Interest expense A/c Dr $780
Notes payable A/c Dr $26,000
To Cash A/c $ $26,780
(Being cash is paid on maturity)
The interest expense is computed below:
= Principal × rate of interest × number of months ÷ (total number of months in a year)
= $26,000 × 6% × (6 months ÷ 12 months)
= $780
The 6 months is calculated from March 1 to September 1
It means that the goods and services are offered are lacking in vitality, force or conviction
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