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olasank [31]
2 years ago
15

Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot

al cost is $4.40, what are Bobby's economic profits for the day
Business
1 answer:
bulgar [2K]2 years ago
5 0

Answer:

$ 120.60

Explanation:

25 glasses * $ 5/ glass = 125 dollars gross income

income - expense = profit

125 - 4.40 = 120.60 profit

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A financial intermediary that provides liquid financial assets in the form of deposits to lenders and uses their funds to financ
Allisa [31]

Answer:

b. bank

Explanation:

<em>A bank is a</em><em> financial establishment authorized by the goverment to receive deposits, make loans and act as an intermediary in finantial transactions,</em><em> they can also provide financial services to their costumers like currency exchange or safe deposit boxes.</em>

I hope you find this information useful and interesting! Good luck!

7 0
3 years ago
According to the research of lillian gilbreth, many employees were motivated by money and ________. question 17 options:
romanna [79]
I think it is D time off or C job satisfaction
5 0
3 years ago
A buyer uses a periodic inventory system, and it purchases $4,000 of merchandise on credit terms of 2/10, n/30 on December 5. On
kramer

Answer:

Explanation:

Purchase discount = $4000 * 2% = $80

Date       Accounts title                  Debit    Credit

Dec-15    Accounts Payable         $4,000

                    Purchase Discounts                $80

                    Cash                                         $3,920

               (To record payment within discount term of 10 days)

5 0
3 years ago
This year, he received $7,000 revenue from the tenants and incurred $4,900 rental expenses. Mr. Moyer must include $7,000 in gro
cricket20 [7]

Answer:

B. False

Explanation:

a) Data and Calculations:

The gross income from rent = $7,000

Rental expenses = $4,900

Net income from rent = $2,100

b) Rental expenses are business expenses.  They are not part of itemized deductions.  They are usually subtracted before arriving at the adjusted gross income (AGI) from which itemized deductions are then made.  Therefore, there is no requirement to itemize the rental expenses.

4 0
3 years ago
Suppose that a firm is currently maximizing its short-run profit at an output of 50 units. If the current price is $9, the margi
anygoal [31]

Answer:

$250

Explanation:

Profit = Total revenue - Total cost

Profit = ($9*50 units) - ($4*50 units)

Profit = $450 - $200

Profit = $250

Thus, the firm's profit will be $250.

5 0
3 years ago
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