Economics, Accounting & Business: Post your doubts here!

[youzair]

AVC is kind of a supply curve, that is the part above the mc=avc. And the firm will only produce upto the output where mr=avc. If avc rises above that than the company has to close down the production.
For the profit part I said that AVC+AFC=ATC which can then be used to determine the profitability of the business. I had no idea what to write :/

AVC curve is same as AC i.e U shape and its below AC... and the gap b/w AVC and ATC is AFC!

 

[Saad Ghori]

AVC curve is same as AC i.e U shape and its below AC... and the gap b/w AVC and ATC is AFC!

Yeah i know

 

[Saad Ghori]

We buy the Material in Jan for instance...then we produce in Feb and Sell in May
Hence Jan Materials are 50% of May's sales...
Apply that with June and August! =) Got it??

Nope Please stop trying xD I can't concentrate

 

[WaleedUQ]

Yeah i know

Paper hogaya na?
End of topic.

 

[Saad Ghori]

I was not implying as it being difficult, I meant as in that it has typing mistake in question paper as well as marking scheme.

Oh yeah true that.

 

[WaleedUQ]

http://9gag.com/gag/4419628
MUST WATCH!

 

[MnMz]

http://9gag.com/gag/4419628
MUST WATCH!

HAHAHAHAHA!! But C'mon...this is song is too good!!

 

[Saad Ghori]

http://9gag.com/gag/4419628
MUST WATCH!

Have you seen barelypolitical's parody of this song?

 

[WaleedUQ]

Nope
how's it ?

 

[Echelon94]

October Sales = $75000 + 9(5000) = $120,000
August Payments = $60,000
How is that wrong?

 

[Saad Ghori]

Oh you'll laugh your ass off!

 

[Saad Ghori]

View attachment 12328

October Sales = $75000 + 9(5000) = $120,000
August Purchases = $60,000
How is that wrong?

That is wrong Waleed and im getting 57500 :s

 

[MnMz]

View attachment 12328

October Sales = $75000 + 9(5000) = $120,000
August Purchases = $60,000
How is that wrong?

So yea June will be paid in August.....2 months credit! they are asking abt the payment to be done in August!

 

[MnMz]

Oh you'll laugh your ass off!

Well yea that's funny...but did you see the cover by Walk off the earth!! it's really good!! =D <3

 

[Saad Ghori]

Well yea that's funny...but did you see the cover by Walk off the earth!! it's really good!! =D <3

Ofcourse!

 

[MnMz]

Must watch!! I really can't wait for it to come out!! =) Anne Hathaway <3 and Hugh Jackman =) <3 what more could I possibly ask for?!!

 

[parthrocks]

Finally feeling relaxed and superhappy......As I ultimately Got It checked from many!!!

 

[Saad Ghori]

Must watch!! I really can't wait for it to come out!! =) Anne Hathaway <3 and Hugh Jackman =) <3 what more could I possibly ask for?!!

And Russel crowe. You forgot him!

 

[parthrocks]

Goodnight!!sweetdreams......!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!))))))))))

 

[Echelon94]

So yea June will be paid in August.....2 months credit! they are asking abt the payment to be done in August!

you are not getting the point. June Purchases WILL be paid in August, yes. But June Purchases are not June SALES!
The Material for Sales in October was PURCHASED in June.
(As in the example in question , the Material sold in May was Purchased in January)