Indicate How Each of the Following Transactions Affect Assets by Entering

question 38

Essay

Indicate how each of the following transactions affect assets by entering + for increase, - for decrease, or NA if total assets are not affected.
_______ 1) Issued stock to investors.
_______ 2) Borrowed cash from the bank.
_______ 3) Provided services for cash.
_______ 4) Purchased land for cash.
_______ 5) Paid operating expenses.
_______ 6) Paid cash dividend to the stockholders.
_______ 7) Repaid the bank loan.

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Definitions:

Marginal Cost

The price associated with the creation of one more unit of a product or service.

Average Total Cost

The per-unit cost of production, calculated by dividing the total cost of production by the quantity of output produced.

Economic Profit

The difference between the total revenue generated by a business and the total costs, including both explicit and implicit costs.

Short-run Marginal Cost Curve

A curve that shows the change in total cost associated with producing one more unit of output in the short term.