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2 years ago

Look at the Data Below then answer/calculate the totals in the questions that follow.

Business

1 answer:

kumpel [21]2 years ago

8 0

Answer and Explanation:

a. Explicit costs are actual costs incurred by the venture.

In this case those are;

= Annual lease on building + Payments to workers + Utilities (electricity, water, disposal) costs

= 22,000 + 120,000 + 8,000

= $150,000

b. Implicit costs are the opportunity costs (revenue foregone by not choosing other alternatives).

= Entrepreneur's potential earnings as a salaried worker + Entrepreneur's potential economic profit from the next best entrepreneurial activity + Entrepreneur's forgone interest on personal funds used to finance the business

= 50,000 + 80,000 + 6,000

= $136,000

c. Economic costs

= explicit + implicit costs

= 150,000 + 136,000

= $286,000

d. Accounting profit

= Revenue - explicit costs

= 380,000 - 150,000

= $230,000

e. Economic Profit

= Revenue - economic costs

= 380,000 - 286,000

= $94,000

f. New Accounting Profit

= Revenue - explicit costs

= 286,000 - 150,000

= $136,000

New Economic profit

= Revenue - economic costs

= 286,000 - 286,000

=$0

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Answer:

state statutes

Explanation:

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1 year ago

16. Which of the following cuts is ideal for smoking?

Ludmilka [50]

[ Answer ]

$\boxed{Brisket}$

[ Explanation ]

Brisket - Cut from breast or lower chest. Brisket comes from a cow or veal

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When lighting a campfire or barbecue, you may notice lots of smoke. The smoke may affect your breathing, make you thirsty, or dry you out. This is the same affect of the meats. The smoke provides lots more flavor for the meat, and dries it out, if there is not enough fat on the meat.

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2 years ago

Read 2 more answers

At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less tha

OLEGan [10]

Answer:

15%

Explanation:

Catherine is a departmental manager at Richardson

She earns $68,300 every month

She has family health care

Her employer contributes $935 every year towards total coverage Cost

The first step is to calculate the total contribution

Catherine rate for health care is $165 since her monthly pay is higher than $55,000

Total contribution = $165 + $935

= $1,100

Therefore the percent in which Catherine contributes towards total coverage can be calculated as follows

= 165/1,100 × 100

= 0.15 × 100

= 15%

Hence Catherine contributes 15% towards the total coverage

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2 years ago

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Answer:

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Using

PV= CF(1+R)^t

1000000=5000(1+R)^34

R=1.169-1

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2 years ago

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