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charle [14.2K]
2 years ago
15

A firm that sells baseballs has estimated that at its current level of production its variable costs are $70 while its fixed cos

ts are $50. The firm has sold $300 worth of baseballs this year. What is the firm's total profit
Business
1 answer:
ella [17]2 years ago
6 0

The firm's total profit for this year based on the firm's current level of production is $180.

<h3>What is the total profit?</h3>

The total profit is the difference between sales revenue and total (variable and fixed) costs.

<h3>Data and Calculations:</h3>

Sales revenue = $300

Variable costs =    (70)

Contribution      $230

Fixed costs           (50)

Total profits      $180

Thus, the firm's total profit for this year based on the firm's current level of production is $180.

Learn more about total profits at brainly.com/question/21613450

#SPJ1

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3 years ago
Calculating the price elasticity of supply.
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Explanation:

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Major Construction &amp; Manufacturing Corporation makes a side payment to a government official in India. Under the Foreign Cor
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A) ​Under no circumstances

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3 years ago
Consider the demand for cigarettes. Suppose the government decreasesdecreases the price of cigarettes by loweringlowering cigare
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Answer:

increase

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According to my research on economics, I can say that based on the information provided within the question if the prices of cigarettes decrease then the demand will increase. This can be said because cigarettes are a luxury item, meaning they are not a necessity but something that the people want. Therefore if prices decrease people will want to buy more of them.

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7 0
3 years ago
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Answer:

The bond's issue costs is $364000

Explanation:

The issue costs of the debt financing is listed below:

Payment for printing and engraving $26000

Legal fees                                            $100000

Professional fees                                  $8000

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All the above highlighted costs are relevant to the bond's issuance ,hence they are added up in arriving at the bond's issuance costs.

The spread between the payment by the underwriter and the retail price is essential so as to ensure the number of bonds planned can be sold quickly.

It is more like the payment to the underwriter to underwrite and ensure everything is sold.

3 0
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