What is marginal cost?

total revenue plus total cost

the cost of producing one more unit of a good

the difference between fixed and variable costs

total revenue minus total cost

A partnership owned equally by 13 partners is worth 1.3 million. The partnership loses a lawsuit worth 3 million. what is the value of any personal property each partner must forfeit to pay the settlement?

According to Douglas McGregor, the classical perspective on management is consistent with which of the following? a. Theory X manager b. Theory Y manager c. Theory Z manager d. Theory A manager e. None of these

Memphis Metro just made a $75,000 purchase from a supplier, subject to the extension of suit-able trade credit terms. Using a discount rate of 7%, calculate the present value of this cash outflow assuming trade credit terms ofa. 30 daysb. 45 daysc.

What happens to vehicles that don't sell for that year?

Getting merchandise floor-ready entailsA. distributing and dispatching. B. ticketing and marking. C. vertical supply chain wholesaling. D. intensive cross-docking. E. selective checking.

Palmer corp is considering the purchase of a new piece of equipment. the cost savings from the equipment would result in an annual increase in net income after tax of "$100,000".

The Chinese concept of guanxi is an example of: a. In informal, cognitive institutions. b. a regulative, formal institution. c. a favorite cooking method of Chairman Mao. d. taken-for-granted approaches to friendship relations.

3 Select the correct answer. In an organization, several teams access a critical document that is stored on the server. How would the teams know that they are accessing the latest copy of the document on the server? A. by using a duplicate copy OB.

cNally Corporation makes a special ski. Next year, McNally expects to produce 20,000 pairs of skis. Seven pounds of fiberglass are required to make each pair of skis.

Direct materials and direct labor of a company total $7300000. If manufacturing overhead is $3650000, what is direct labor cost? a. Cannot be determined from the information provided. b. $3650000 c. $0 d. $7300000