External marginal cost - Study guides, Class notes & Summaries

MAC3703 Assignment 2 (COMPLETE ANSWERS) Semester 2 2023 () - DUE 19 September 2023.Detailed working, solutions, memo, notes & explanations.................. QUESTION 1 (30 MARKS) Mrs Sindy Lula has been in the financial Services Sector for more than 20 years and is considering a career shift. At present, she is a credit provider (mashonisa) where she owns and runs the money lending business throughout the Eastern Cape under the name BZN Agri-Retailers (PTY) LTD. Having been in this business for ...

Test Bank for Management and Cost Accounting 11e, 11th Edition by Colin Drury, Mike Tayles ISBN-13: 3615 Full Chapters test bank included Part 1: Introduction to Management and Cost Accounting Chapter 1: Introduction to Management Accounting The Users of Accounting Information Differences between Management Accounting and Financial Accounting The Decision-Making, Planning and Control Process The Impact of the Changing Business Environment on Management Accounting Focus on Customer ...

WGU C718 Full Study Guide Questions | 104 Questions with 100% Correct Answers | Verified | Latest Update | 25 Pages What is the definition of economics? - Answer ️️ -the study of how humans make decisions in the face of scarcity What are economic and accounting profits? - Answer ️️ -Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs -...

WGU C718 Full Study Guide Questions Rated A+ What is the definition of economics? the study of how humans make decisions in the face of scarcity What are economic and accounting profits? Accounting - profit computed using only explicit costs Total revenue - Explicit costs = accounting profit Economic - profit computed using explicit and implicit costs Total revenue - Explicit costs - Implicit costs = Economic profit What are the characteristics of an oligopoly? 1) few firms 2) barriers to ent...

variable costing income statements correct answers includes product and period costs categorizes expenses based on cost behavior (reported separately from fixed expenses) focuses and separates variable and fixed expenses calculates CM manufacturing companies: rely on contribution format for internal decision-making purposes to enable CVP analysis and facilitate explaining changes in net income Absorption Costing Income Statement correct answers generally used for external report...

Contribution Margin - correct answer Difference between marginal revenue and marginal cost. Break-even point - correct answer Level of sales volume of a product producing the exact amount of contribution margin needed to cover fixed costs. Overhead - correct answer Indirect Costs Activity-based costing (ABC) - correct answer Method of determining product costs using cost drivers or activity measures, which cause indirect costs to be incurred. Three main types of Cost standards. - cor...

Which statement provides the basic justification for zoning? A. There must be regulations in place to prevent pollution B. The government does not want to encourage land development C. The inappropriate use of one's property may affect the value of another D. Professional planners want to control development - Answer- C. The inappropriate use of one's property may affect the value of another What is the rationale behind government planning of real estate development? A. To manage futu...

A perfectly inelastic demand curve is shown as a correct answers vertical line When it comes to pollution, economists believe that the government must correct answers allow firms to pollute as long as they account for the marginal cost of their pollution. If the quantity demanded of soda increases by 4% when the price of coffee increases by 16%, the cross-price elasticity of demand between soda and coffee is: correct answers 0.25. The price elasticity of supply tends to become more ela...

7.5 Assignments 7.5.1 First semester assignments SEMESTER 1 ASSIGNMENT 01/2018 CLOSING DATE: 02 March 2018 UNIQUE NUMBER: WEIGHT: 40% of semester mark TL501: Learning units 1 – 4 Prescribed Book: Chapters 1 – 4 This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the University before the due date. Answer all the questions on a mark-reading sheet or on myUnisa. IMPORTANT! The first ten multiple choice questions of thi...

WGU C718 VOCABULARY 2024 QUESTIONS WITH COMPLETE ANSWERS ALREADY PASSED AND GRADED A+ absolute advantage - CORRECT ANSWER when a country (or person) can produce more of a good than another country (In this picture England has absolute advantage in both goods) accounting profit - CORRECT ANSWER profit computed using only explicit costs (Acct Profit = Total Revenue - Explicit Costs) marginal external costs - CORRECT ANSWER additional costs incurred by third parties outside the produ...