On an Average Day,Plastics Enterprises Writes 42 Checks with an Average

question 97

Multiple Choice

On an average day,Plastics Enterprises writes 42 checks with an average amount of $587.These checks clear the bank in an average of 2 days.What is the average amount of the disbursement float?

• A)$1,174
• B)$5,805
• C)$24,654
• D)$49,308
• E)$73,962

Understand the difference between class modules and standard modules.

Learn how to write and utilize VBA functions with parameters.

Understand the significance of comments in VBA code and how to use them.

Understand the basic operations and functionalities of the Visual Basic Editor.

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Definitions:

Total Variable Costs

The sum of all costs that vary with the level of output, such as materials and labor, excluding fixed costs like rent or salaries.

Total Costs

The sum of all expenses a business incurs to produce or sell its products or services, including fixed and variable costs.

Marginal Costs

The cost associated with producing one extra unit of a commodity, emphasizing the importance of scale in production.

Average Total Costs

The total cost of production divided by the number of units produced, representing the cost per unit.