LJ, married, left the Philippines in the middle of the year on July

1, 2020 to go abroad and work there for (5) years. The following data

were provided as of December 31, 2020:

Jan 1 to June 30 Gross Business Income Business Expense

PHs 300,000 100,000

Abroad 200,000 50,000

Jul 1 to Dec 30 Gross Business Income Business Expense

PHs 600,000 150,000

Abroad 400,000 50,000

Answers

Answer 1

LJ's total income tax due for the year 2020 is PHP 200,000.

Based on the information provided, LJ earned a total gross income of PHP 1,500,000 (PHP 300,000 + PHP 200,000 for the first half of the year, and PHP 600,000 + PHP 400,000 for the second half of the year). The total business expenses incurred amounted to PHP 350,000 (PHP 100,000 + PHP 50,000 for the first half of the year, and PHP 150,000 + PHP 50,000 for the second half of the year).

To compute for the taxable income, we need to subtract the total business expenses from the total gross income:

Taxable Income = Total Gross Income - Total Business Expenses

Taxable Income = PHP 1,500,000 - PHP 350,000

Taxable Income = PHP 1,150,000

However, since LJ left the Philippines on July 1, 2020, he/she will be considered as a non-resident citizen for tax purposes. Non-resident citizens are taxed only on their income derived from sources within the Philippines.

Thus, LJ's taxable income for the first half of the year will be taxed according to the regular tax rates for residents. On the other hand, LJ's taxable income for the second half of the year will be taxed using the special tax rate for non-resident citizens.

Assuming that LJ is single, below is the computation of the income tax due:

For the first half of the year (January 1 to June 30):

Taxable Income = PHP 300,000 - PHP 100,000

Taxable Income = PHP 200,000

Annual Income Tax for Residents:

On the first PHP 250,000 = 0%

On the next PHP 250,000 = 20%

On the next PHP 500,000 = 25%

On the next PHP 500,000 = 30%

Over PHP 1,500,000 = 35%

Tax due = [(PHP 200,000 - PHP 250,000) x 20%] + PHP 0

Tax due = PHP 0

For the second half of the year (July 1 to December 31):

Taxable Income = PHP 600,000 - PHP 150,000 + PHP 400,000 - PHP 50,000

Taxable Income = PHP 800,000

Annual Income Tax for Non-Residents = 25%

Tax due = PHP 800,000 x 25%

Tax due = PHP 200,000

Therefore, LJ's total income tax due for the year 2020 is PHP 200,000.

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Related Questions

An experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 14 times, and E3 occurred 16 times. Assign probabilities to the following outcomes for E1, E2 and E3. Round your answer to two decimal places.
What method did you use?
classical method
relative frequency method
subjective method

Answers

To assign probabilities to the outcomes E1, E2, and E3 based on the given data, the most appropriate method to use is the relative frequency method.

This method calculates the probability of an event by dividing the number of times the event occurred by the total number of repetitions. In this case, E1 occurred 20 times out of 50 repetitions, E2 occurred 14 times, and E3 occurred 16 times.

To calculate the probabilities, we divide these frequencies by the total number of repetitions, which is 50.

The probability of E1 is calculated as 20/50 = 0.40 (or 40%).

The probability of E2 is calculated as 14/50 = 0.28 (or 28%).

The probability of E3 is calculated as 16/50 = 0.32 (or 32%).

The relative frequency method is commonly used when we have empirical data and want to estimate probabilities based on observed frequencies. It provides a practical and intuitive approach to assigning probabilities by considering the actual occurrences of events in a given sample.

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1. Show the first 4 months of the amortization schedule for a mortgage of $225,000 with bi-monthly payments at an annual interest rate of 3.95% amortized over 25 years. Complete your work in a chart similar to the examples on the previous page.

Answers

Bi-monthly payments mean that there are 24 payments in a year.

The given information: Mortgage amount = $225,000 Annual interest rate = 3.95%Amortization period = 25 years First 4 months of the amortization schedule with bi-monthly payments: To calculate the bi-monthly payments, we need to find the periodic interest rate and the number of payments. Bi-monthly payments mean that there are 24 payments in a year. Therefore, periodic interest rate = (annual interest rate/100)/24= (3.95/100)/24= 0.0016458333n = Total number of payments = 25 years × 24 payments/year= 600 payments Using the above formulae, we get, P = (A × r)/(1 - (1 + r)^-n) where, P = Bi-monthly payment A = Mortgage amount r = Periodic interest rate n = Total number of payments P = (225000 × 0.0016458333)/(1 - (1 + 0.0016458333)^-600)P = $936.22. The first four months of the amortization schedule with bi-monthly payments are given below: Month Beginning balance Payment Interest Principal Ending balance 1$225,000.00$936.22$738.44$197.78$224,802.222$224,802.22$936.22$737.75$198.46$224,603.783$224,603.78$936.22$737.06$199.16$224,404.624$224,404.62$936.22$736.37$199.85$224,204.78. The above chart shows the monthly schedule of payments.

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A manager acting in the role of a resource allocator will Group of answer choices decide how resources will be distributed among various individuals and groups within the organization. identify the various suppliers the organization will utilize to acquire resources. choose the best resources to most effectively and efficiently produce the organization's product or service. verify the quality of resources that pass through the organization. determine how organizational resources will be released in the environment.

Answers

The best way to decide the allocation of resources is to ensure that it identifies the best resources required for it to produce quality products and services. The answer, thus, is C.

What is the Allocation of resources?

Allocation of resources has been defined as the distribution or apportionment of a company's productive assets across various uses.

This is important because, usually, the uses are many but the resources are limited.

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Which is a characteristic of judging approach

Answers

Answer:

Clarity and Closure

Explanation

Judgers take a planned, ordered, and precisely calibrated approach to life, developing both short- and long-term plans to assist them in achieving their objectives. For them, schedules and "to-do" lists are consoling. They dislike uncertainty and change, preferring to know what they are getting into instead.

Those that have this preference feel more in control of their surroundings. They are disciplined and resolute, seeking resolution as soon as possible to reduce stress. Judgers struggle with open-ended plans because they have a "work first-play later" mentality. Instead of addressing issues as they arise, they would prefer to devise three distinct backup plans.

Judgers take their obligations and deadlines very seriously, both in business and in life. They are quite particular.

In a game of pool, the white cue ball hits the #5 ball and stops, while the #5 ball moves away with the same velocity as the cue ball had originally. Both balls have the same mass. This type of collision is-

Answers

This type of collision is an example of an elastic collision.

In an elastic collision, the total kinetic energy of the system is conserved, and the objects bounce off each other with no loss of energy due to deformation or other factors.

Kinetic energy is a type of energy that an object possesses by virtue of its motion. It is defined as the energy that a moving object has due to its motion and is dependent on the object's mass and velocity.

In this case, the #5 ball moves away with the same velocity as the cue ball had originally, indicating that the two balls had an elastic collision.

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Feb 1 balance 450, 14 sales 1,200, Feb 8 drawings 150, 24 wages 990. Calculate the balance on 28 february. Record the balance to carry down on the side with the smaller total value. Record totals on the debit and credit sides of the account. Complete the double - entry by recording the balance brought down dated 1 March​

Answers

Answer:

hi

Explanation: ajsd;lfjas;dfj;lad;leajl;jf;lwjf;welfj;wlejflwejflkwjlfkj;lajlkfjsdlkfjlsdkjf;llsadjfjdf;lklasjflkasdjf;lkajsf;lkjasddfjsdlfkja;lkjflkaskdjdf;ksdjdflksdjfljklkasddfjklsdfjkldsfjdfklsjjdsfakasjl;k

A normal cost system applies overhead to jobs ________.

Answers

By multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. :) hope that helped

A normal cost system applies overhead to jobs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job. Thus, option (b) is correct.

This process of applying overhead manufacturing costs to jobs is called normal costing under the normal cost system, which applies overhead to costs by multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the jobs.

The overhead costs applied to jobs using a predetermined overhead rate are recorded as credits in the manufacturing overhead account. Actual overhead costs are not assigned to jobs in a normal cost system.

As a result, the significance of the normal cost system applies overhead to jobs are the aforementioned. Therefore, option (b) is correct.

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Your question is incomplete, but most probably the full question was.

A normal cost system applies overhead to jobs ________.

A. By multiplying a predetermined overhead rate by the estimated amount of the allocation base incurred by the job.

B. By multiplying a predetermined overhead rate by the actual amount of the allocation base incurred by the job.

C. Using the actual amount of overhead caused by each job.

D. Using the normal amount of overhead caused by each job.

What are good sides and bad sides of breaking news and some examples why is it bad/good?​

Answers

Answer:

breaking news may have a bad news example of bad news is fake news

Answer:

In my opinion, I see that the good side of news is that it help people be more aware of what's going around, and some may contribute to the rise in support for some fundings and charity programs for example: if a breaking news about a victim of any crime for example stolen house is displayed, an interview can give a voice to the victim to speak out and maybe raise fundings to repair all stolen goods or damaged items. On the other hand, some breaking news can end up sending out the wrong message and information for example talking about untrustable information, which may later on turn out to be wrong this can cause rumors.

list four reasons a stock will go up.

Answers

various reasons for the change in the price of the stock.

a)Market belief toward the stock.

b)Market belief toward the industry.

c)Market belief toward the stock market.

d)Confidence in the economy.

If there is an enormous number of buyers than sellers (more demand), the buyers bid up the prices of the stocks to attract sellers to sell more.

the better optimistic investors are about a company's prospects or the ability for positive developments, the more likely they are to wish for the stock.

Anything from a public connections crisis to breaking company news could affect a stock’s price. Quarterly earnings reports can cause the stock market to both dip and increase.

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Bill is a salesperson who relies on his current customers to help him identify potential new customers. In this scenario, Bill relies on _____ for lead generation.
referrals

Answers

Bill is a salesperson who relies on his current customers to help him identify potential new customers. In this scenario, Bill relies on referrals for lead generation.

A sales representative, pretty certainly, sells products or services for a company and represents its logo. They manipulate relationships with clients, serving as the key factor of touch, from preliminary lead outreach to while a buyer is in the end made.

A sales activity is an occupation that involves selling a product or service to customers. Many groups depend upon salespeople to sell their services and products, so numerous unique income jobs are available to those who want to pursue a career in this area.

A  great sales clerk has more to provide customers than a thrilling pitch —they're enthusiastic people with resilience and they make the effort to get to understand their client's needs, show empathy, and deal with a product in confidence.

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problem 2-21 (static) prepare an income statement, balance sheet, and statement of changes in stockholders' equity; analyze results lo 2-2, 2-3, 2-4 the information on the following page was obtained from the records of breanna incorporated: accounts receivable $ 40,000 accumulated depreciation 104,000 cost of goods sold 280,000 income tax expense 15,000 cash 130,000 net sales 420,000 equipment 240,000 selling, general, and administrative expenses 59,000 common stock (36,000 shares) 180,000 accounts payable 30,000 retained earnings, 1/1/22 34,000 interest expense 6,000 merchandise inventory 54,000 long-term debt 80,000 dividends declared and paid during 2022 24,000 except as otherwise indicated, assume that all balance sheet items reflect account balances at december 31, 2022, and that all income statement items reflect activities that occurred during the year ended december 31, 2022. there were no changes in paid-in capital during the year. required: prepare an income statement and statement of changes in stockholders' equity for the year ended december 31, 2022, and a balance sheet at december 31, 2022, for breanna incorporated. based on the financial statements that you have prepared for part a, answer the questions in parts b-e. what is the company's average income tax rate? what interest rate is charged on long-term debt? assume that the year-end balance of long-term debt is representative of the average long-term debt account balance throughout the year. what is the par value per share of common stock? what is the company's dividend policy (i.e., what proportion of the company's earnings is used for dividends)?

Answers

An summary of the company's financial performance for a certain time period is offered by the income statement.

What are an income statement and a balance sheet?The balance sheet provides a concise overview of a company's financial situation at a particular period. An summary of the company's financial performance for a certain time period is offered by the income statement. In order to offer correct information, it is further classified to include assets, liabilities, and shareholder's equity.cumulative depreciation of $40,000 on accounts receivable Cost of goods sold: 104,000; income tax expense: 280,000 15,000 cash Net sales of $130,000 240,000 in selling, general, and administrative costs, 420,000 in equipment 59,00 common shares (36,000 shares) $180,000 in payables Retained profits of $30,000. 1/1/22 34,000 in interest costs 6,000 items in the supply Long-term debt of 54,000 80,000 dividends announced and paid during 2022, excluding when specifically stated differently,

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What is the term that describes what a business has to pay to correct defective products?

Answers

Answer:

Cost of quality

Explanation:

Apevx

Answer:

cost of quality

Explanation:

Explain how a problem-solving strategy is similar to deductive reasoning.

Answers

Answer:Simmetry

Explanation: it is always directly proportional with the answer. I s all about cause and effect!

If my revenue is one million and my expenses are 1,386,000, what's my profit in percentage

Answers

The profit in percentage given the revenue and the expenses is -38.60%

What is the profit in percentage?

Percentage is the fraction of a number expressed as a value out of 100. The sign that is used to represent percentage is %. In order to convert a number to percentage, multiply by 100.

Profit is the difference between revenue and expenses. Revenue is the total income earned by a company before any deductions are made. Expenses include all the cost incurred in running a business.

Profit = revenue - expenses

1,000,000 - 1,386,000 = -386,000

Profit in percentage = (profit / revenue) x 100

(-386,000 / 1,000,000) x 100 = -38.6%

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Three of the most common open terms for which the UCC provides numerous provisions to fill the gaps in a contract are: (select all that apply)

Answers

Some of the most common open terms used are Open price term, open payment term, and open delivery term.

What is Uniform Commercial Code (UCC)?

The Uniform Commercial Code (UCC) are set of rules or laws that governs business transactions.

The make use of some payment and price terms and the businesses are commercial and mostly in the United States.

Therefore,open price term, open payment term, and open delivery term are the most common open terms for UCC

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a price-weighted index consists of firm a and firm b common stocks. the price of firm a common stocks increased from $100 to $120. the price of firm b common stocks decreased from $100 to $80. what is the return on this price-weighted index?

Answers

With the price of firm a common stocks increased from $100 to $120 and the price of firm b common stocks decreased from $100 to $80 , the return of price-weighted index is 0%.

A price-weighted index is calculated by adding up the prices of each stock in the index and dividing by the number of stocks. The return on the price-weighted index is determined by comparing the current index value to the previous index value.

Let's say the price-weighted index consists of two stocks, firm A and firm B. Initially, the prices of firm A and firm B are $100 and $100, respectively, and the index value is ($100 + $100) ÷ 2 = $100.

After the changes, the price of firm A increases to $120 and the price of firm B decreases to $80. The current index value would be ($120 + $80) ÷ 2 = $100.

To determine the return on the price-weighted index, we can calculate the percentage change in the index value:

(($100 - $100) ÷ $100) x 100 = 0%

In this case, the return on the price-weighted index is 0%, indicating that the index value has not changed. This is because the price increase of firm A was offset by the price decrease of firm B.

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Which type of skills can help you determine what your customers want?
A. Speaking skills
B. Writing skills
C. Listening skills
D. Math skills

Please select the best answer from the choices provided A B C D

Answers

Answer:

C. Listening skills

Explanation:

By listening to a customer, you can determine what they want.

Improving listening skills can help you better understand and help customers.

I hope this helps.

Answer: C edge 2021

Explanation:

ur a real one :)

Why is scheduling overtime a popular choice for getting projects back on schedule?

Answers

Scheduling overtime is a popular choice for getting projects back on schedule because it can increase productivity, accelerate completion times, and help companies meet project deadlines.

By having employees work additional hours, more work can be accomplished within a shorter period of time, allowing the project to catch up on lost time.

Overtime can also be a cost-effective solution, as it does not require hiring additional staff, which can be time-consuming and expensive.

Another reason why scheduling overtime is a popular choice is that it can help companies meet project deadlines and maintain their reputation for delivering quality work on time.

By completing projects on schedule, companies can avoid financial penalties for missing deadlines and maintain positive relationships with clients.

However, scheduling overtime does come with some potential drawbacks. Overworked employees may experience burnout, which can lead to decreased productivity, increased absenteeism, and even turnover.

Additionally, scheduling overtime can increase labor costs and may not be feasible for all projects or industries.

In summary, scheduling overtime is a popular choice for getting projects back on schedule because it can increase productivity, accelerate completion times, and help companies meet project deadlines.

However, it should be used cautiously and in moderation to avoid potential negative consequences such as employee burnout and increased costs.

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Which of the following systems is a part of the political economy?
A)Religious system
B)Value system
C)Demographic system
D)Legal system
E)Technological system

Answers

The political economy encompasses various systems that interact with and influence each other. Of the options given, the legal system is a crucial component of the political economy.

The political economy refers to the interplay between political and economic factors within a society. It examines how political systems, institutions, and policies shape economic outcomes and vice versa. Among the options provided, the legal system is an integral part of the political economy. The legal system comprises laws, regulations, and legal institutions that govern economic activities and interactions within a society. It establishes the framework for property rights, contracts, and dispute resolution, which are essential for economic transactions and market functioning.

The legal system also influences the distribution of power, resources, and opportunities within a society, reflecting political and social values. As such, the legal system plays a significant role in shaping the dynamics of the political economy.

While other systems, such as the religious system, value system, demographic system, and technological system, can have interactions with the political economy and impact it indirectly, they are not inherently considered core components of the political economy. These systems can influence political and economic outcomes, but their direct involvement in the structure and functioning of the political economy is generally limited.

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the pegboard system of bookkeeping is sometimes called the

Answers

The pegboard system of bookkeeping is sometimes called the write-it-once system.

This is because the system involves writing or recording financial transactions once, on a special form known as a pegboard. The pegboard is designed with holes or pegs to hold special forms or invoices that represent the transactions.

With the pegboard system, transactions are recorded in chronological order and categorized according to type (e.g. sales, purchases, expenses). The pegs and forms allow for easy reference and retrieval of information when needed.

The system is efficient and accurate as it minimizes the chances of errors that could arise from manual recording. It also helps in organizing transactions, making it easier for bookkeepers to keep track of financial information.

The pegboard system of bookkeeping was popular in the past, especially for small businesses, but with the advent of computerized accounting software, it has become less common. However, it remains a viable option for those who prefer a manual system or for businesses with limited resources to invest in software.

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When you think ahead about whether you should be formal or
informal when writing your document, what audience preference are
you considering? length and details, budget ,timing ,tone

Answers

When considering whether to be formal or informal in your writing, you are primarily considering the audience's preference for tone. The tone of your document should align with the expectations and preferences of your intended audience.

The decision to be formal or informal can depend on factors such as the nature of the topic, the level of familiarity with the audience, and the purpose of the document. Length and details, budget, and timing considerations may indirectly influence the tone but are not the primary factors when deciding between formality and informality.

It is essential to understand your audience and their communication preferences to strike the right tone in your document. Adapting your writing style to match their expectations helps ensure effective communication and engagement with your audience.

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Read the following scenario, and then answer the question below.
A new pet supply company plans to primarily sell products in stores. They need a system that will track their large
inventory and keep customer sales records.
Which evaluation factor will be most important when choosing technology for the company?
1)speed
2)size
3)storage
4)connectivity​

Answers

The correct answer is 3) storage

Explanation:

In technology, storage refers to the amount of information a system, program, or similar can record and save. This factor is especially important when businesses or companies need to keep a lot of information from sales, inventory, and similar. This occurs in the case of the pet supply company because it is explained they need a technological system to "track their large  inventory and keep customer sales records", therefore their priority will be to record and save their information or the storage in the system.

Answer:

c

Explanation:

c

_____________ invest their funds in new businesses and help the management team get the firm to the point at which it is ready to "go public"; however, they aren't in charge of taking the firm public.

Answers

Answer:

Angel investors

Explanation:

Angel investors are investors who give funds to start ups in exchange for ownership stake in the company. they are usually not in charge of running the company.

In the words of one historian, Reconstruction represented a "Revolution half accomplished." Indeed, the period from the end of the Civil War to 1876 witnessed some radical societal changes within the states of the former Confederacy only to see those changes give way to extreme conservatism. What were the greatest successes of Reconstruction? Why did it ultimately fail?

Answers

Reconstruction represented a "Revolution half accomplished." Indeed, the period from the end of the Civil War to 1876 witnessed some radical societal changes within the states of the former Confederacy only to see those changes give way to extreme conservatism.

The greatest successes of Reconstruction were ratification of three constitutional amendments, which granted important new rights to African Americans and tried to protect them from white intimidation and violence. The Thirteenth Amendment abolished slavery. The Fourteenth Amendment granted African Americans citizenship, while the Fifteenth Amendment ensured that they had the right to vote. However, Reconstruction failed in many ways. The resistance of white southerners to Reconstruction meant that federal government policies were never fully implemented, and African Americans were never able to enjoy the full benefits of their newly granted rights.

These rulings paved the way for the rise of the Jim Crow era of racial segregation and discrimination that dominated the South for the next several decades.

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According to Keynes, cyclical unemployment is caused by too. A. Much aggregate demand. B. Little aggregate demand. C. Much aggregate supply.

Answers

Keynes attributed cyclical unemployment to insufficient aggregate demand and advocated for government intervention to stimulate the economy and address the issue.

According to Keynes, cyclical unemployment is caused by B. Little aggregate demand.

Keynes argued that during economic downturns, when there is insufficient aggregate demand in the economy, businesses reduce production and lay off workers, leading to cyclical unemployment.

He believed that government intervention, such as increased government spending or tax cuts, could stimulate aggregate demand and help address cyclical unemployment.

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In Keynesian economics, cyclical unemployment is caused by fluctuations in aggregate demand. When aggregate demand is too low, it leads to a decrease in production and a rise in unemployment. This type of unemployment is known as cyclical unemployment.

In Keynesian economics, cyclical unemployment is caused by fluctuations in aggregate demand. When aggregate demand is too low, it leads to a decrease in production and a rise in unemployment. This type of unemployment is known as cyclical unemployment.

During economic downturns, such as recessions, aggregate demand tends to decrease as consumers and businesses spend less. As a result, firms reduce production and lay off workers, leading to an increase in unemployment. Keynes argued that during these periods, the government should intervene to stimulate aggregate demand and reduce cyclical unemployment.

The government can use fiscal and monetary policies to increase aggregate demand. Fiscal policies involve increasing government spending or reducing taxes to boost consumer and business spending. Monetary policies involve actions taken by the central bank, such as lowering interest rates or increasing the money supply, to encourage borrowing and investment.

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Business analytics uses _____ to gain insight into data and provide decision makers with information they can act on.

Answers

Predictive Modelling is used in Business Analytics to get insight into data. Decision-makers in turn rely on the information provided for steering the direction of the organization.

What is Predictive Modelling?

It should be noted that this is a mathematical process that is utilized in the prediction of future events based on historical data which have been analyzed.

Travelling Data for 2021, for example, maybe collected from Airlines in a particular city in the US and analyzed to see how much traveling people are likely to do in 2022 using tools such as time-series regression models.

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institutional investor trading around auditor’s going concern modified opinions: an analysis of mutual funds and pension funds

Answers

Mutual funds and pension funds monitor auditor's going concern modified opinions. They may sell holdings, reduce exposure, and assess risks. Their actions aim to protect investments and optimize returns amid concerns about financial stability.

An analysis of mutual funds and pension funds trading around auditor's going concern modified opinions reveals their behavior and decision-making in response to such opinions.

When an auditor issues a going concern modified opinion, it implies that there is substantial doubt about a company's ability to continue operating in the future. Institutional investors, such as mutual funds and pension funds, closely monitor these opinions as they indicate potential financial risks and can impact the value of their investments.

In response to such opinions, institutional investors may take various actions. They might sell their holdings in the company's stock or reduce their exposure to mitigate potential losses. This is driven by concerns over the company's financial stability and the possibility of stock price declines.

Additionally, institutional investors may assess the underlying reasons behind the modified opinion. They scrutinize the company's financial statements, management practices, and future prospects to determine the severity of the risks involved. Based on their analysis, they may adjust their investment strategies, reallocate their portfolios, or engage in further due diligence.

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--The given question is incomplete, the complete question is given below " institutional investor trading around auditor’s going concern modified opinions: explain as an analysis of mutual funds and pension funds"--

Output TFC 25 25 25 25 25 25 TVC TC 25 50 65 95 MC ATC 25 25 50 32.5 70 110 160 4 33.75 50 What is the marginal cost of the 4th unit of output?

Answers

The marginal cost of the 4th unit of output is $40.

Economics is a subject that deals with the production, distribution, and consumption of goods and services. One of the crucial concepts in economics is the concept of marginal cost. Marginal cost is the cost of producing one additional unit of a product or service. In this article, we will explain the concept of marginal cost and use the given data to determine the marginal cost of the 4th unit of output.

The given data represents the output of a firm in terms of its total fixed cost (TFC), total variable cost (TVC), total cost (TC), and average total cost (ATC) for different levels of output. The marginal cost (MC) of each unit of output can be calculated by finding the difference between the total cost of producing the current level of output and the total cost of producing the previous level of output.

To calculate the marginal cost of the 4th unit of output, we need to find the difference between the total cost of producing 4 units and the total cost of producing 3 units. From the given data, we can see that the total cost of producing 4 units is $110, and the total cost of producing 3 units is $70. Therefore, the marginal cost of the 4th unit of output is:

Marginal cost = Total cost of 4 units - Total cost of 3 units

= $110 - $70

= $40

So, the marginal cost of the 4th unit of output is $40.

In conclusion, the concept of marginal cost is an essential concept in economics that helps firms to make production decisions. By calculating the marginal cost, a firm can determine the cost of producing an additional unit of output and use this information to decide whether to increase or decrease production. In this case, we have used the given data to calculate the marginal cost of the 4th unit of output, which is $40.

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mom???????????????????????

Answers

mom ??????????????????????

Answer:

Go back to bed sweetie, here some fruit snacks now go to sleep.There are no monsters under your bed honey.

Explanation:

Have a great day.

What is fiat money and why does it have value?

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The answer is… Fiat money is a type of currency that has the value because it's backed by a type of government, not because it represents ownership of a physical good, such as shinning gold. Hope this helps!
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