Answer:
- $45000
Explanation:
Economic profit is different from accounting profit in the sense that former also takes into consideration the implicit costs, also referred to as opportunity costs unlike the latter.
Economic Profit = Accounting profit - Opportunity Costs
Opportunity costs are defined as the the cost of sacrificed or foregone alternative for pursuing a particular alternative. Such costs are implicit or notional as they are not actually incurred.
In the given case, Economic Profit = Revenues - Explicit costs - Implicit costs
Here, the implicit cost is $60,000 income foregone.
Thus, Economic Profit = $20,000(income) - $ 5000 (expense) - $60,000 (opportunity cost)
Economic Profit = ($ 45,000) or -$45,000.
Answer:
fixed cost = 11.026,6
Explanation:
we will use the High-Low method to sovle for variable and fixed component of utilities:
We subtract the high form the low
![\left[\begin{array}{ccc}High&2710&34712\\Low&2200&30255\\Diference&510&4457\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bccc%7DHigh%262710%2634712%5C%5CLow%262200%2630255%5C%5CDiference%26510%264457%5C%5C%5Cend%7Barray%7D%5Cright%5D)
510 hours generates 4,457 cost in utilities.
so variable cost:
4,457 / 210 = 8.74
Then we solve for fixed cost:
total cost = variable cost x Q + fixed cost
34,712 = 8.74(2,710) + fixed cost
fixed cost = 11.026,6
Answer:
74.64%
Explanation:
Average sales (μ) = 50 hot dogs
Standard deviation (σ) = 7 hot dogs
In a normal distribution, the z-score for any given number of hot dogs sold, X, is determined by:

For X = 45 hot dogs:

For X = 65 hot dogs:

A z-score of -0.7143 falls in the 23.75th percentile of a normal distribution while a z-score of 2.1429 falls in the 98.39th percentile.
Therefore, the probability that he vendor will sell between 45 and 65 hot dogs is:

The answer to number one would be a
September 19, 2020 because that is when the cake successfully delivered