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The following transactions for the month of March have been journalized and posted to the proper accounts. Mar, 1 The business received $8,000 cash and issued common stock to stockholders.
Mar. 2 Paid the first month's rent of $600.
Mar. 3Purchasod equipment by paying $2,000 cash and executing a note payable for $6,000.
Mar. 4 Purchasod office supplies for .
Mar. 5 Billed a client for $14,000 of design services completed.
Mar. 6 Received on account for the services previously recorded. What is the balance in Accounts Receivable?
Marginal Cost
The incremental cost involved in creating an extra unit of a product or service.
Diseconomies of Scale
Occur when a firm's costs per unit increase as its output increases, opposite to economies of scale.
Production Costs
The total expense incurred in manufacturing a product or providing a service, including labor, materials, and overhead expenses.
Car Leasing Company
A business that rents vehicles to customers for a specified period of time, often as an alternative to purchasing.
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