The equivalent units of production for materials of Concord is 11,400 units, and the equivalent units of production for conversion costs is 10,488 units.
To compute the equivalent units of production for materials and conversion costs for the month of July, we use the weighted average method.
For materials:
Equivalent units of production = Units completed and transferred out + Ending work in process inventory in units × Percentage complete as to materials
Equivalent units of production = 9,120 + 2,280 × 40% = 11,400 units
For conversion costs:
Equivalent units of production = Units completed and transferred out + Ending work in process inventory in units × Percentage complete as to conversion costs
Equivalent units of production = 9,120 + 2,280 × 40% = 10,488 units
Therefore, the equivalent units of production for materials is 11,400 units, and the equivalent units of production for conversion costs is 10,488 units.
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Which of the following is a risk banks should prepare for?
A.
Falling interest rates
B.
Borrowers who don't pay back loans
C.
Too many people requesting loans
D.
People switching to online transactions
Borrowers who don't pay back loans.
50 points please help
Susan runs a factory in Texas that produces heaters. She has done a cost analysis on production and found that it would cost her $5.40 US to buy the input materials in the United States (per heater); 5.4 pesos (Mexican currency) in Mexico (per heater); and $6.00 Canadian (in Canada). All transport costs are included in the input cost. Assume the exchange rate for the peso to be $0.80 of $1.00 US, and that $1.00 Canadian is $0.90 US. What production structure should Susan’s factory use?
A. import materials from Canada
B. import materials from Mexico
C. export materials to Mexico
D. use materials from the United States
A peso is worth 0.80 US money
5.4 pesos x 0.80 = $4.32 US
$1 Canadian is 0.90 US
6.00 x 0.90 = $5.40 US
buying from Mexico works out to be the lowest US cost.
answer: Import materials from Mexico
Note the exchange values
1peso=0.8$(US)1canadian=0.9$For Canadian
cost is 6(0.9)=5.4$For Mexico
cost=5.4(0.8)=4.3$Hence Mexico is better choice for import
Option A
does nonrecurring revenue inlcude lost contracts in your primary business
No, non-recurring revenue does not include lost contracts in your primary business.
Non-recurring revenue is a type of income that is not expected to occur regularly or repeatedly. It is often a one-time event. Several type of non-repetitive events can lead to earning of non-recurring revenues. Examples of non-recurring revenues include profit on land acquired under government projects, profit on sale of business assets, income received from favorable litigation etc.
Lost contracts, on the other hand, are agreements that were previously in place but have been terminated or not renewed. These lost contracts can result in a decrease in revenue for your primary business, but they are not considered non-recurring revenue.
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Explain and construct the space matrix showing understanding of
it's internal and external dimension. what are it's 4 key strategy
options?
The Space Matrix is a strategic management tool that helps organizations assess their competitive position based on their internal and external dimensions. It consists of two dimensions: the internal strategic position (ISP) and the external strategic position (ESP).
To construct the Space Matrix, you need to evaluate the organization's performance on four internal factors: Financial Strength (FS), Competitive Advantage (CA), Industry Attractiveness (IA), and Environmental Stability (ES). Additionally, you need to evaluate the organization's performance on two external factors: Industry Strength (IS) and Environmental Opportunities and Threats (ET).
Once you have evaluated these factors, you can plot the organization's position in the Space Matrix. The x-axis represents the organization's competitive position, ranging from conservative to aggressive. The y-axis represents the organization's industry position, ranging from weak to strong.
Based on the organization's position in the Space Matrix, there are four key strategy options:
1. Aggressive: Organizations in the aggressive quadrant have a strong industry position and high competitive strength. They can pursue growth strategies and invest in new markets and products.
2. Conservative: Organizations in the conservative quadrant have a weak industry position but strong competitive strength. They should focus on improving their internal operations and reducing costs.
3. Defensive: Organizations in the defensive quadrant have a weak industry position and low competitive strength. They should consider retrenchment strategies and focus on survival.
4. Competitive: Organizations in the competitive quadrant have a strong industry position but low competitive strength. They should focus on improving their competitive advantage and expanding their market share.
Remember, the Space Matrix provides a framework for strategic analysis, and the specific strategies chosen should be based on a thorough analysis of the organization's unique circumstances and objectives.
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It's it ethical and socially responsible for large corporations to lobby against SEC rule requiring that they report the ratio of their CEO's pay to that of their average employee
Answer:
"No" is the correct response. A further explanation is provided below.
Explanation:
Along with comparison to the average individual or working people although the CEO seems to be the top-level title than the worker or contractor. Consequently, the compensation of such a CEO's job is not compared with the compensation of that same typical individual employee business throughout the firm.This behavior would be not only ethically reprehensible but economically accountable for such SEC regulation lobbying. SEC guidelines don’t mandate their CEO's proportion towards the average worker to be reported.Thus, the above is the correct response.
20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine
Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.
What is the evolution of printing?The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.
It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.
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Inflation is expected to increase steadily over the next 10 years, there is a positive maturity risk premium on both Treasury and corporate bonds, and the real risk-free rate of interest is expected to remain constant. Which of the following statements is CORRECT? A. The yield on 7-year corporate bonds must exceed the yield on 10-year Treasury bonds. B. The Treasury yield curve under the stated conditions would be humped rather than have a consistent positive or negative slope. C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities D. The stated conditions cannot all be true they are internally inconsistent. E. The yield on any corporate bond must exceed the yields on all Treasury ; bonds.
Answer:
C. The yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
Explanation:
Due to the fact that inflation would be rising steadily, the yield curve would be upward sloping. The yield curve would be humped if inflation is expected to increase the medium term and then decrease in the long term.
Due to increasing inflation, investors would want a higher rate of return in the long run compared to the short run. This would ensure that their purchasing power remains the same. Thus, the yield on 10-year Treasury securities must exceed the yield on 7-year Treasury securities
corporate bonds are more risky that treasury bonds. so, for the same maturity, investors would demand a higher return on corporate bonds than on treasury bonds
if the japanese yen appreciates against the u.s. dollar,
Answer:
If the Japanese yen appreciates against the U.S. dollar,
a. Japanese businesses gain by a decrease in the dollar price of exports to the United States.
b. Japanese consumers gain by a decrease in the yen prices of U.S. exports to Japan.
c. Japanese consumers lose by an increase in the yen price of U.S. exports to Japan.
d. U.S. consumers gain by a decrease in the dollar price of Japanese exports to the United States.
If the Japanese Yen appreciates against the United States dollar, Japanese consumers gain by a decrease in the dollar price of exports to the United States of America.
What is United States of America?United States of America is a country consists of 50 united states on the north America continent in the western hemisphere.
Currency appreciation is the increase in the value or worth of a currency in relation to the another currency. There are several reasons for the appreciation of the currencies and these include the interest rates, government policy, business cycles and trade balances. The value of a currency changes based on its supply and the demand in the forex market. These fluctuation in values makes firms and traders increase or decrease their financial assets and profit off them.
An appreciation results in cheaper exports and expensive imports. If the Japanese yen appreciates, it means lesser the amount would be needed to purchase a dollar thereby resulting in Japanese businesses gaining a reduction in the price of exports to the United States of America.
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Katie wants to be successful in her selling career, so she strives to improve her _____ knowledge by working on her sales abilities and understanding different selling techniques.
Answer:
B. selling-related
Explanation:
Here are the options to this question :
A. customer-related
B. selling-related
C. industry
D. technical
E. market-related
Katie wants to be successful in her selling career, so it is necessary for her to gain knowledge in the field she wants to be successful in. So, she should be improving her selling related knowledge
What is the purpose of the personal financial planning units within a bank? (select all that arwhelp people manage their moneyu provides comprehensive training to bank employeesincrease bank profitsmacustomer retention
Given the following facts, compute the discounted cash flow as we did in class (round your answer to the nearest dollar):
Revenue 70,000
rev growth 2.50%
Expense % of revenue 65%
Discount rate 5%
Capitalization rate 4%
Estimated holding period 7 years
The discounted cash flow of the company is $1,377,102 (rounded to the nearest dollar).
Given the following facts, the discounted cash flow is as follows:
Revenue: $70,000
Revenue growth: 2.50%
Expense % of revenue: 65%
Discount rate: 5%
Capitalization rate: 4%
Estimated holding period: 7 years
Calculation of Free Cash Flows
Year 1
Revenue = $70,000.00
Revenue growth rate = 2.50%
Estimated revenue = $71,750.00
Expenses = 65% of Revenue
= $46,487.50
Free cash flow= Revenue - Expenses
= $25,262.50
Year 2
Revenue = $71,750.00
Revenue growth rate = 2.50%
Estimated revenue = $73,606.25
Expenses = 65% of Revenue
= $47,893.31
Free cash flow= Revenue - Expenses
= $25,712.94
Year 3
Revenue = $73,606.25
Revenue growth rate = 2.50%
Estimated revenue = $75,480.97
Expenses = 65% of Revenue
= $49,052.63
Free cash flow= Revenue - Expenses
= $26,428.34
Calculation of Terminal Value
Revenue in Year 7= $83,171.58
Discount rate= 5%
Growth rate of revenue for Terminal value= 1.50%
Capitalization rate= 4%
Terminal Value= (83,171.58 x (1 + 1.50%)) / (5% - 4%)= $1,748,196.36
Present value of terminal value= Terminal Value / (1 + Discount rate)^Holding period= $1,748,196.36 / (1 + 5%)^7= $1,220,905.77
Calculation of Sum of Present Values of all Free Cash Flows and Terminal Value
Sum of Present Values of all Free Cash Flows and Terminal Value= Present Value of Free Cash Flows + Present Value of Terminal Value
= $24,045.35 + $23,315.14 + $22,799.87 + $22,283.75 + $21,766.92 + $21,250.20 + $20,734.64 + $1,220,905.77= $1,377,101.64
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Economic freedom means more than being able to buy the things you want. It means that you have the freedom to choose _________________________.
Answer:
your career, your employer, and your job location.
Explanation:
The concept of economic freedom means, in addition to the power to choose what to buy due to the variety of goods and services available in a competitive market. Economic freedom in society qualifies the individual as an economic agent capable of using the resources he has to build his professional life, his career and choose his place of work.
what three positions are considered as top management in an organization?
the corporation and is in charge of the administration and general strategic direction of the organisation. They monitor the performance of other senior executives in the company answerable management
Planning, organising, directing, and controlling an organization's resources in order to effectively and efficiently achieve its goals and objectives is referred to as management. To guarantee that the resources of the organisation are used as effectively as possible to achieve its objectives, it entails the coordination of people, processes, and systems. All organisation needs management to succeed because it offers the leadership required to direct the company towards its intended results. Effective communication, strategic decision-making, and the capacity to inspire and encourage personnel to work towards the organization's objectives are all components of good management. Effective managers are able to adjust to changing conditions, control
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Walton and Company is the managing investment banker for a major new underwriting. The price of the stock to the investment banker is $22 per share. Other syndicate members may buy the stock for $24.35. The price to the selected dealers group is $25.82, with a price to brokers of $27.20. Finally, the price to the public is $29.15
a. If Walton and Company sells its shares to the dealers group, what will the percentage return be?
b. If Walton and Company performs the dealer's function also and sells to brokers, what will the percentage return be?
c. If Walton and Company fully integrates its operation and sells directly to the public, what will its percentage return be?
a. The percentage return for selling to the dealers group is approximately 17.36%.
b. The percentage return for selling to brokers is approximately 23.64%.
c. The percentage return for selling directly to the public is approximately 32.50%.
a. To calculate the percentage return if Walton and Company sells its shares to the dealers group, we can use the formula:
Percentage Return = (Selling Price - Purchase Price) / Purchase Price × 100
The purchase price for Walton and Company is $22, and the selling price to the dealers group is $25.82.
Percentage Return = ($25.82 - $22) / $22 × 100
= $3.82 / $22 × 100
≈ 17.36%
Therefore, the percentage return for Walton and Company selling its shares to the dealers group is approximately 17.36%.
b. If Walton and Company performs the dealer's function and sells to brokers, we can use the same formula to calculate the percentage return. The purchase price is still $22, and the selling price to brokers is $27.20.
Percentage Return = ($27.20 - $22) / $22 × 100
= $5.20 / $22 × 100
≈ 23.64%
Therefore, the percentage return for Walton and Company selling its shares to brokers is approximately 23.64%.
c. If Walton and Company fully integrates its operation and sells directly to the public, we can again use the same formula. The purchase price is $22, and the selling price to the public is $29.15.
Percentage Return = ($29.15 - $22) / $22 × 100
= $7.15 / $22 × 100
≈ 32.50%
Therefore, the percentage return for Walton and Company selling directly to the public is approximately 32.50%.
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Write in short about medical occupation. Enlist its importance.
Answer:
Medical Occupations provides an introduction and broad exploration into several careers within the medical field including: Medical Assisting, Emergency Medicine, Veterinary Medicine, Dental Assisting/Hygienist, Geriatric Assistant, Pharmacy Technician, Physical Therapy, Surgical Technician and Nursing.
Explanation:
its importance are: The main focus of occupational health include promotion and maintenance of working capacity and employee health; improvement of working environment; development of work cultures and organizations to support health and safety; promotion of positive social climate and smooth operation; enhanced productivity of the ..
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The week Julia leaves for college, her dad sells her car, without her consent. Julia is angry when she first learns of the sale but soon after realizes she needs the money. Is there an agency between Julia and her dad: yes or no (circle one) and if yes what is the formation basis?
Yes, there is an agency relationship between Julia and her dad, and the formation basis is the implied authority.
What is the formation basis hereAn agency relationship is a legal relationship between two parties, where one party (the principal) gives authority to another party (the agent) to act on their behalf in legal or business matters. The agent is authorized to act on behalf of the principal and make decisions that affect the principal's interests.
In this case, Julia's dad acted as her agent by selling her car without her consent. Although he did not have explicit authorization from Julia to sell the car, there was an implied authority, which arises when the principal (Julia) gives the agent (her dad) the impression that he or she has the authority to act on their behalf.
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as of the end of its accounting period, december 31, year 1, great plains company has assets of $914,800 and liabilities of $273,320. during year 2, stockholders invested an additional $28,460 and received $25,645 in dividends from the business. what is the amount of net income during year 2, assuming that as of december 31, year 2, assets were $986,644 and liabilities were $239,312?
The amount of net income during year 2 was $644295.
What does "company" mean?A company is a legal entity created by a group of people to operate a commercial or industrial enterprise. Depending on the corporate law of its jurisdiction, a company may be set up in a variety of ways for tax and financial liability purposes.
In conclusion, we now understand that a company is a singular noun, companies are a plural noun, company's is a singular possessive noun, and companies' is a plural possessive noun.
Net income = Total asset - Total liabilities
Total asset = $914,800 + $28,460
= $943260
Total liability = $273,320 + $25,645
= $298965
Net income = $943260 - $298965
= $644295
Thus, The amount of net income during year 2 was $644295.
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Lev Knossos sells high tech equipment and software to companies in Greece. When he first started selling to Greek businesses, he was told that the Greek market lagged behind others in the use of technology. After conducting research, Knossos visited the Commercial Bank of Greece and explained how his products could create Web pages for the bank and facilitate banking transactions. By applying his product knowledge to solve a technology issue that he identified, Knossos took the role of: Tactical partner. Creative problem solver. Low-involvement decision maker. Transactional partner. Exchange creator.
Answer: Creative problem solver
Explanation:
Creative problem-solving refers to the process of finding a solution to a problem that doesn't have a solution before. It is an previously unknown and an original solution to a problem.
Creative problem solving is when an individual gets creative in order to develop new ideas and therefore get the solutions to the problems encountered.
Since Knossos visited the bank and explained how his products could give the bank solution to help facilitate banking transactions, he's a creative problem solver.
What are the four parts of the SWOT analysis?
Answer:
Strengths, Weaknesses, Opportunities, and Threats
Explanation:
Answer:
Strengths, Weaknesses, Opportunities, Threats. AKA. SWOT.
Explanation:
A SWOT analysis is a technique for assessing these four aspects of your business.
How does the circular flow model represent the interactions between households and firms?
The interplay between two sets of economic decision-makers—households and businesses—as well as two different categories of economic markets—the market for commodities and the market for products and services—is depicted by the circular flow model.
The approach demonstrates how businesses and households can benefit from each other.
What three categories of economic decisions are there?Economic decisions affect the production, trade, distribution, consumption, saving, and investment of economic resources. The objectives of individuals, private organizations, and society at large are served by economic decisions.
Free market, command, and mixed economies are the three primary types. Command and free-market economies; mixed economies combine the two. Both people and corporations are free to choose their own economic course. All national economic decisions are made by the state's central authority.
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each employee at caras construction earns $251 net and $316 gross per day. caras is accruing vacation pay for 16 employees for the last two days of march; therefore, the journal entry includes a:
The journal entry for accruing pay for 16 employees for the last two days of March would typically include a debit and a credit. Debit: Vacation Pay Expense - $251 * 16 employees * 2 days = $8,032 Credit: Vacation Pay Liability - $316 * 16 employees * 2 days = $10,112
The debit entry to "Vacation Pay Expense" represents the expense Caras Construction incurs for the vacation pay of its employees. The amount is calculated by multiplying the net daily rate of $251 by the number of employees (16) and the number of vacation days (2). The credit entry to "Vacation Pay Liability" represents the liability Caras Construction owes to its employees for the accrued vacation pay. The amount is calculated by multiplying the gross daily rate of $316 by the number of employees (16) and the number of vacation days (2). the specific accounts and amounts may vary depending on the company's accounting policies and chart of accounts. It's always recommended to consult with an accountant or financial professional for accurate and specific journal entries.
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Partners T. Greer and R. Parks are provided salary allowances of $28,800 and $24.000, respectively. They divide the remainder of th partnership income in a ratio of 3:2. If partnership net income is $38,400, how much is allocated to Greer and Parks?
Partners T. Greer and R. Parks are provided with salary allowances of $28,800 and $24,000, respectively. They divide the remainder of the partnership income in a ratio of 3:2. If the partnership net income is $38,400, how much is allocated to Greer and Parks? Firstly, we will calculate the total salary of the partners, which is given as follows: Total salary of partners = Salary of T.Greer + Salary of R.Parks = $28,800 + $24,000= $52,800
Now, we have to calculate the remainder of the partnership income, which is:
Remainder = Partnership income - Total Salary of partners = $38,400 - $52,800= - $14,400
We can see from the above calculation that the remainder is negative.
It means that there is a loss instead of profit. A
s per the given data, it does not make any sense to have a negative remainder.
Thus, the given data might have some issue(s).
If it is a mistake, we can assume that it is a profit, and the remainder is zero. If the remainder is zero, then the
partnership income is divided in a ratio of 3:2 as follows:
Greer's share = 3/(3 + 2) × Partnership income = 3/5 × $38,400 = $23,040
Parks's share = 2/(3 + 2) × Partnership income = 2/5 × $38,400= $15,360
Therefore, Greer's and Parks's share will be $23,040 and $15,360, respectively.
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The money you earn hourly for your time and effort at work is called your _____________.
The money you earn hourly for your time and effort at work is called your wages. A sum of money you make from work, typically based on the number of hours or days you put in each week or month. A wage is a fixed sum of money paid each hour. The number of hours you work affects your income.
Your annual salary is a fixed income that stays the same. Anyone who receives compensation has a right to overtime. A wage is the payment made to workers as compensation for their time spent working for a company. Always, wages are paid based on a specific period of time. Typically, this is on an hourly basis. The phrase "hourly worker" originates from this.
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Consumers have certain rights that do NOT carry corresponding responsibilities.
Please select the best answer from the choices provided
T
F
Answer:
Explanation:Consumers have certain rights that do NOT carry corresponding responsibilities....(false is the answer)in choosing a production technology, how will firms react if one input becomes relatively more expensive?
In choosing a production technology, firms will generally react to an input becoming relatively more expensive by searching for cheaper alternatives.
In the short term, they may also reduce the quantity of the expensive input used in production, switch to a more efficient production technology, or attempt to lower other input costs.
For example, if the cost of labor increases, firms may switch to using machines for production or consider outsourcing the labor to other countries with lower wages. If the cost of materials increases, firms may look for ways to reduce the quantity of materials used in production or explore using a different material for the same product.
Another strategy that firms use is to increase the efficiency of their production process. This could include implementing new technologies to reduce the amount of energy or raw materials used in production, improving worker productivity, or investing in capital equipment that increases efficiency.
Finally, firms may also seek to reduce other input costs such as overhead or transportation. For example, they could look for cheaper transportation options to move their products or use data analytics to improve the efficiency of their operations.
In summary, when an input becomes relatively more expensive, firms will generally search for cheaper alternatives, reduce the quantity of the expensive input used in production, switch to a more efficient production technology, and look for ways to reduce other input costs.
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What are the 3 Building Blocks of Debt
Answer: Earning, saving, and spending
Explanation:
Answer:
The three building blocks of debt are:
EarningSpendingSaving
(PLS HELP ASAP) Davon holds a degree in sports medicine. Which company might be interested in hiring Davon?
Question 3 options:
A- A traveling soccer league looking for an athletic trainer
B- A women's clinic needing sonogram technicians
C- A lab looking for someone to file their DNA analyzer
D- A grocery store looking for a pharmacist
Answer:
I think it would be answer A.!
Explanation:
Hope this helps please let me know if its correct or not?! :)
Davon might be hired by a touring soccer league searching for an athletic trainee. As a result, choice (A) is the correct reaction.
What is sports medicine?Sports medicine is a subspecialty of medicine that addresses physical fitness as well as the diagnosis, mitigation, and prevention of sports- and exercise-related injuries. Although the majority of sports organizations have long had team physicians on staff, sports medicine has only recently become recognized as a separate area of medicine. Sports medicine is a known medical specialty in various nations.
Sports medicine is a physician (non-surgical) specialty in the vast majority of nations where it is recognized and practiced, but in some (like the USA), it can also be a surgical or non-surgical medical specialty and a specialized area within primary care.
Therefore, option (A) is the accurate answer.
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Which investment strategy would work best if you wanted to grow your
investment slowly without losing much money?
O A. High risk, low return
O B. Low risk, high return
O ,
C. Low risk, low return
O D. High risk, high return
SUBMIT
Answer: C. Low risk, low return
Explanation:
when marginal cost is rising: group of answer choices average variable cost must be rising. average total cost must be rising. average variable cost and average total cost must be falling. both average variable cost and average total cost may be rising or falling.
When marginal cost is rising, both average variable cost and average total cost may be rising or falling.
The relationship between marginal cost and average cost is influenced by the cost structure and production efficiency of a firm. Marginal cost refers to the additional cost incurred by producing one additional unit of output. If marginal cost is rising, it means that the cost of producing additional units is increasing. This can be due to factors such as diminishing returns or increasing input costs.
Average variable cost represents the variable cost per unit of output, while average total cost represents the total cost per unit of output. If marginal cost is higher than both average variable cost and average total cost, it will cause these average costs to increase. However, if marginal cost is lower than the average costs, it will lead to a decrease in average costs.
Therefore, when marginal cost is rising, it does not necessarily imply a specific direction for average variable cost or average total cost. It depends on the specific cost structure and production conditions of the firm.
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under an installment contract, the title to the property is held by the
Under an installment contract, the title to the property is held by the seller until the contract's terms are met by the buyer.
The buyer takes possession of the property, but the seller retains legal ownership. An installment contract is a form of financing where a buyer purchases property from a seller, agreeing to pay for it over time in installments or payments.
An installment contract, also known as a land contract, contract for deed, or a purchase agreement, is an arrangement between a buyer and a seller for the sale of a property. Under this agreement, the buyer agrees to pay the purchase price in installments over an agreed period.
This agreement allows the buyer to occupy the property while making payments to the seller. The title remains in the seller's name until the payment is made in full, after which the buyer receives the deed to the property.An installment contract is a way for buyers who might not qualify for a traditional mortgage to own a property. The terms of the agreement are flexible and may be negotiated between the buyer and the seller.
The agreement typically includes the sale price, the down payment, the interest rate, the length of the payment term, and the payment schedule.
In summary, under an installment contract, the title to the property is held by the seller until the contract's terms are met by the buyer. The buyer has the right to use the property during the payment period, but the seller retains ownership until payment is made in full.
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