If You Donate a Desk to Your Name's Beach Barkers

question 58

Multiple Choice

If you donate a desk to Your Name's Beach Barkers, it is recorded in Your Name, Investment account and in _______.

• A)Furniture: Original Cost
• B)Checking
• C)Store Supplies
• D)Owner's Donations

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Definitions:

Marginal Cost

The augmentation in cost due to the manufacture of one additional unit of a product or service.

Total Variable Cost

The sum of all costs that vary with the level of output, including materials and labor directly involved in production.

Output

The quantity of goods or services produced in a given period by a firm, industry, or country.

Total Cost

The combined amount of all expenses and costs associated with the production and sale of a good or service.