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3 years ago

Ive been stuck on this PLEASE help-- how do I find marginal cost?

Business

1 answer:

antoniya [11.8K]3 years ago

7 0

Answer:

Marginal cost is calculated by dividing the change in total cost by the change in quantity. Let us say that Business A is producing 100 units at a cost of $100. The business then produces at additional 100 units at a cost of $90. So the marginal cost would be the change in total cost, which is $90.

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On January 1, 2021, Laramie Inc. acquired land for $6.2 million. Laramie paid $1.2 in cash and signed a 6% note requiring the co

stepladder [879]

Answer:

The amount Laramie should record the purchase of land is $6.2 million.

Explanation:

The costs of a fixed asset refer to the purchase price and other relevant costs which are incurred in order to the location and working condition required to operate the fixed asset in way that it is intended.

The other relevant costs that are added to the purchase price to arrive at the cost of the fixed assets include professional fees, non-refundable taxes or levies, and among others.

If any trade discount or rebate is given, this will be deducted from the purchase price to arrive at the cost.

Any interest required to be paid on the delayed payment in order to reflects the time value of money are not part of the cost of the asset but expensed in the year they are incurred.

From the question, the land acquired is a fixed asset. Based on the explanation above, the total cost of the asset is $6.2 million. The interest from the 6% interest rate on the remaining $5 million will be part of the cost of the land but it will be expensed in the year they are incurred.

Therefore, the amount Laramie should record the purchase of land is $6.2 million.

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3 years ago

7nadin3 [17]

Lawsuits related to performance management usually involve charges of discrimination or unjust dismissal.

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Learn more about Discrimination here: brainly.com/question/1084594

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3 0

2 years ago

The process of sending and receiving messages without using any spoken words defines _____.

coldgirl [10]

B. Nonverbal communication is communication without words spoken.

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3 years ago

Read 2 more answers

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement

DedPeter [7]

Answer:

Detailed Question lifted from google: 

Use the information presented below for Chambersburg Corp for 2017 and

2016 to answer the questions that follow. Chambersburg uses the straight-line depreciation method. 2017 2016 Property, plant, and equipment $ 250,000 $190,000 Accumulated depreciation 100,000 85,000 Depreciation expense 62,500 47,500 Net sales 1,000,000 900,000 Average Total assets 625,000 475,000 Refer to the information for

Chambersburg Corp Between 2016 and 2017, Chambersburg sold some equipment that had an original cost of $57,500 . Which statement is most likely true concerning transactions that must have occurred during the period?

a. Chambersburg also purchased additional equipment during the year.

b. The selling price of the equipment sold was reported with net sales.

c. The equipment that was sold had a book value of $12,500.

d. The equipment sold had not been reported with Chambersburg's property, plant and equipment.

The only applicable answer based on the question is A, Chambersburg also purchased additional equipment during the year.

Explanation:

A. Between 2016 and 2017 Property, plant, and equipment increased by $60,000 (which is $250,000 minus $190,000)

B. Between 2016 and 2017 Depreciation expense on Property, plant, and equipment increased by $15,000 (which is $62,500 minus $47,500)

Meaning attributable depreciation to the new addition to PPE of $60,000 is actually $15,000.

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3 years ago

Jamal Steel, a rapidly growing small steel company with annual revenues of $8 million is looking to buy a large industrial furna

Sloan [31]

Answer:

The correct answer is A. maker.

Explanation:

The manufacturing industry (manufacturing) is the production of added value of merchandise for use or sale using labor and machinery, tools, chemical and biological processes, or formulation. The term can refer to a wide range of human activities, from handicraft to high technology, but it is more commonly applied to industrial production, in which raw materials are transformed into finished products on a large scale. Such finished products can be used to manufacture other more complex products, such as airplanes, appliances or cars, or be sold to wholesalers, which in turn sell them to retailers, which they then sell to end users or consumers.

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4 years ago