Business, 21.01.2020 05:31 kyramillerr8639
It costs a company $35,000 to produce 700 graphing calculators. the company’s cost will be $35,070 if it produces an additional graphing calculator. the company is currently producing 700 graphing calculators.
(i) what is the company’s average cost?
(ii) what is the company’s marginal cost?
(iii) a customer is willing to pay $60 for the 701th calculator. should the company produce and sell it? explain.
Answers: 2
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On june 1, 2017, blossom company was started with an initial investment in the company of $22,360 cash. here are the assets, liabilities, and common stock of the company at june 30, 2017, and the revenues and expenses for the month of june, its first month of operations: cash $4,960 notes payable $12,720 accounts receivable 4,340 accounts payable 840 service revenue 7,860 supplies expense 1,100 supplies 2,300 maintenance and repairs expense 700 advertising expense 400 utilities expense 200 equipment 26,360 salaries and wages expense 1,760 common stock 22,360 in june, the company issued no additional stock but paid dividends of $1,660. prepare an income statement for the month of june.
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Answers: 1
It costs a company $35,000 to produce 700 graphing calculators. the company’s cost will be $35,070 i...
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