Business
Business, 08.03.2021 19:30, james22000

Palpatine runs a facial cream business. He can make 100,000 bottles of facial cream per year and sell them for $3.50 each. It costs Palpatine $250,000 for the raw materials to produce the facial cream. Additionally, he must pay $30,000 annually to rent the factory needed to produce his cream. In order to start his business Palpatine withdrew $200,000 from his own savings account. The bank is currently paying a 3% interest rate on saving accounts. Before Palpatine opened his business he worked as a political consultant where he earned $80,000 per year. What is the total revenue Palpatine earns in a year?
What are the explicit costs Palpatine incurs while producing bottles of facial cream? [2 Points]
(c) What are the implicit costs Palpatine incurs while producing bottles of facial cream? [2 Points]
(d) What is the amount of Palpatineā€™s accounting profit? [2 Points]
(e) What is the amount of Palpatineā€™s economic profit?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 21.06.2019 14:30, meganwintergirl
Producers can create their maximum combination of goods, s long as what?
Answers: 3
image
Business, 22.06.2019 00:00, famouzgal
Ok, so, theoretical question: if i bought the mona lisa legally, would anyone be able to stop me from eating it? why or why not?
Answers: 1
image
Business, 22.06.2019 13:50, xcoder1732
Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.
Answers: 2
image
Business, 22.06.2019 18:00, kekoanabor19
Abbington company has a manufacturing facility in brooklyn that manufactures robotic equipment for the auto industry. for year 1, abbingtonabbington collected the following information from its main production line: actual quantity purchased-200 units, actual quantity used-110 units, units standard quantity-100 units, actual price paid-$8 per unit, standard price-$10 per unit. atlantic isolates price variances at the time of purchase. what is the materials price variance for year 1? 1. $400 favorable. 2. $400 unfavorable. 3. $220 favorable. 4. $220 unfavorable.
Answers: 2
Do you know the correct answer?
Palpatine runs a facial cream business. He can make 100,000 bottles of facial cream per year and sel...

Questions in other subjects:

Konu
History, 22.07.2019 20:00