Calculate the Cash Available at the End of the Day

question 17

Multiple Choice

Calculate the cash available at the end of the day if cash at the beginning is $450,receipts from customers are $600 and payments to suppliers are $350.

• A) $750.
• B) $200.
• C) $700.
• D) $1,400.

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Definitions:

MC

Marginal Cost, the cost incurred from producing one additional unit of a good or service.

AVC

Average Variable Cost refers to the variable costs (such as labor and materials) per unit of output produced.

MR Output

The output level where marginal revenue equals marginal cost, guiding firms in maximizing their profitability.

Price

The amount of money required to purchase a good, service, or asset.