At any level of output. average total cost will exceed average variable cost by the level of average fixed cost. marginal cost will exceed average variable cost by the level of average fixed cost. average variable cost will exceed average total cost in the short run. average variable cost will exceed average fixed cost by the level of average total cost.

Personal financial planning is the process of creating and achieving financial goals? true or false

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2