Business, 28.06.2019 05:00, hardwick744
Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 in rented property, and $35,000 in interest costs on capital. the owner-manager does not choose to pay himself, but he could receive income of $90,000 by working elsewhere. the firm earns revenues of $360,000 per year. a) what are the annual explicit costs for the firm described above? b) what are the annual implicit costs for the firm described above? c) what are the annual economic costs for the firm described above? d) what is the accounting profit for the firm described above? e) what is the economic profit for the firm described above?
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 11:00, HUNIXX6561
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
Business, 22.06.2019 15:20, rasv3491
Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u. s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is
Answers: 2
Business, 22.06.2019 20:00, samanthasheets8925
Because this market is a monopolistically competitive market, you can tell that it is in long-run equilibrium by the fact thatmr=mc at the optimal quantity for each firm. furthermore, a monopolistically competitive firm's average total cost in long-run equilibrium isless than the minimum average total cost. true or false: this indicates that there is a markup on marginal cost in the market for engines. true false monopolistic competition may also be socially inefficient because there are too many or too few firms in the market. the presence of the externality implies that there is too little entry of new firms in the market.
Answers: 3
Do you know the correct answer?
Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000...
Questions in other subjects:
Social Studies, 08.07.2019 21:40
Social Studies, 08.07.2019 21:40
History, 08.07.2019 21:40
