answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
AVprozaik [17]
2 years ago
5

Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and co

uld easily go to work for his brother's company earning $ 76000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions. Revenue from 2010 $ 90000 Rent $ 18000 Equipment $ 6000 Supplies $ 3000
Business
1 answer:
Artyom0805 [142]2 years ago
3 0

Answer:

A. 27,000

B. 77,000

Explanation:

What is Reggie's accounting profit?

REVENUE - EXPENSES AND DEPRECIATION

90000-18000-6000-3000=63000

What is Reggie's economic profit?

REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT COSTS

90000-18000-60000-3000-76000 = -13000

1) accounting profit = TR - explicit cost

= 90,000 - 63,000

= 27,000,

2) economic profit = TR - economic cost

= 90,000-(13,000)

= 77,000

You might be interested in
During 2009, a particular country's inflation rate averaged 1.3% a day. This means that on average, prices went up by about 1.3%
horrorfan [7]
<span>29 days of 1.3% inflation. Convert to relative increase: (1+0.013) = 1.013. (1.013)^29 -1 = 45.43% (the effect of compounding) 45%.</span>
4 0
2 years ago
Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off
ivann1987 [24]

Answer:

The complete questions is

Molly is celebrating her exciting new career and wants to upgrade her junky old car for a shiny new Jeep

Patriot. She heads to Jeep’s website and sees the following financing deals:

Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?

Explanation:

6 0
2 years ago
A delivery service is buying 600 tires for its fleet of vehicles. One supplier offers to supply the tires for $ 80 per​ tire, pa
nignag [31]

Answer:

$4,372.71

Explanation:

Here for reaching the difference in PV between the first and the second offer first we need to follow some steps which is shown below:-

Step 1

Total payment due = Per tire × Bought tires

= $80 × 600

= $48,000

Step 2

Present value factor of 8.4% for 1 year = 1 ÷ (1 + Rate of interest)^Number of years

= 1 ÷ (1 + 8.4%)^1

= 1 ÷ (1 + 0.084)^1

= 1 ÷ 1.084

= 0.92251

Step 3

First offer

Present value = Total payment due × Present value factor of 8.4% for 1 year

= $48,000 × 0.92251

= $44,280.48

Step 4

Second offer

One year payment = Bought tires × Per tire

= 600 × $45

= $27,000

Step 5

Present value = One year payment × Present value factor of 8.4% for 1 year

= 27,000 × 0.92251

= $24,907.77

Step 6

Total present value = Present value of second offer + Tires cost

= $24,907.77 + $15,000

= $39,907.77

Here we can see that first offer is higher than second offer

So,

The difference between the first and the second offer = First offer - Second offer

= $44,280.48 - $39,907.77

= $4,372.71

7 0
2 years ago
Marco knows that he needs to score an "A" on his next test in order to keep his scholarship. To that end, he studies two hours e
kondaur [170]

Answer:

The correct word for the blank space is: content.

Explanation:

Content goals are those important or that have a high value. These objectives are typically involved in the personal or professional development of individuals. Content goals imply a higher involvement and usually are objectives that cannot be set aside compared to other goals.

6 0
1 year ago
Scenario: An organization has recently suffered a series of security breaches that have significantly damaged its reputation. Se
Rina8888 [55]

Answer:

Vulnerability analysis

Explanation:

Since the organization has hired a security consultant to help them reduce their risk from future attacks, What the consultant would use to identify potential attackers is vulnerability analysis.

Vulnerability Analysis is a vulnerability assessment which entails an in-depth analysis of the building functions, systems, and site characteristics to identify: 1. Weaknesses in the system and

2. Determine mitigation or corrective actions that can be designed and implemented to eradicate vulnerability or reduce the vulnerabilities.

3 0
2 years ago
Other questions:
  • Getthere airlines currently charges $200$ dollars per ticket and sells $40{,}000$ tickets a week. for every $10$ dollars they in
    5·1 answer
  • According to the overall staffing organizations model, hr and staffing strategy are driven by ______________.
    5·1 answer
  • Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: Janu
    7·1 answer
  • In 2015, an inventor dreamed up and constructed a certain new kind of widget. He kept his invention a secret. Two years later, a
    15·1 answer
  • 2019,Do you think leadership style is fixed and unchangeable, or can leaders be flexible and adaptable with respect to style? Wh
    9·1 answer
  • Two central components of the CAPM are the​ ________. A. riskminus free rate and the market risk premium B. risk premium and the
    14·1 answer
  • What are the three most prominent factors that contribute to building confidence?
    13·2 answers
  • Cloudwalker case study
    11·1 answer
  • Lee is the product manager for a software program sold by Company ABC. In evaluating the product, Lee determines that something
    11·1 answer
  • Jill took ​$40,000 that she had in savings and started her own business. If left in​ investments, she would have earned ​$4,000
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!