Answer:
$10
Explanation:
Calculation for the marginal cost of fourth unit
Using this formula
Marginal cost = Change in Total cost / Change in number of units
Let plug in the formula
Marginal cost of fourth unit = $(50 - 40) / (4 - 3)
Marginal cost of fourth unit= $10 / 1
Marginal cost of fourth unit= $10
Therefore Marginal cost of fourth unit will be $10
Answer:
$162,000
Explanation:
Income Statement - New Offer
Sales (27,000 x $17) $459,000
Less Variable Costs of the offer :
Variable manufacturing costs (27,000 x $11) ($297,000)
Net Income (Loss) $162,000
therefore,
the amount of income from the acceptance of the offer is $162,000
Answer:
C
Explanation:
If the total acreage is only +15% then either the yield or price (or both) must be higher to account for the price difference
Answer with Explanation:
Land, Cash, Prepaid Insurance, Accounts Receivables and Equipment are Asset Account and normal balances are Debit in nature. This means the increase in asset account would be Debited and vice versa.
Legal expense is an Expense account which is Debit in nature which means that increase in expense account would be Debited and vice versa.
The revenues earned which includes License fee revenue and Fees earned in this case are revenue account and is credit in nature which means that increase in it would be credited and vice versa.
The dividends are Drawings account which is debit in nature which means increase in it would be debited and vice versa.
Common stock is equity account which is credit in nature which means increase in it would be credited and vice versa.
Notes Payable and Unearned revenue is liability account and liability is credit in nature, this means that increase in liability would be credited.