An employee stealing company data could be an example of which kind of threat actor?.

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $11 million. Bowen owe

givi [52]

Answer:

A. $1,510,000

B. -$10,000

Explanation:

a. Calculation to determine Bowen’s Accounting profits

Using this formula

Accounting profits = Total revenue - Explicit cost

Let plug in the formula

Accounting profit = $10 million - $8 million - $40,000 - $400,000 - $50,000

Accounting profit= $1,510,000

Therefore Bowen’s Accounting profits is $1,510,000

b. Calculation to determine Bowen’s Economic profit

Using this formula

Economic profits = Accounting profit - Implicit cost

Let plug in the formula

Economic profits = $1,510,000 - [($11,000,000*0.1) + $30,000 + ($60,000 - $40,000)]

Economic profits =$1,510,000 - [$1,100,000+ $30,000 + $60,000 - $40,000)]

Economic profits =$1,510,000-$1,150,000

Economic profits =-$10,000

Therefore Bowen’s Economic profit is -$10,000

4 0

3 years ago

How would a manufacturer benefit by using fewer scarce resources? The product would be less expensive to produce. The product wo

Fittoniya [83]

Scarce resources are resources that have limited availability relative to desired use. They include labor, capital, land, or entrepreneurship. There is also the term scarcity, which denotes condition of limited resources and unlimited wants and needs. Resources are limited, so if a manufacturer uses fewer scarce resources, the benefit will be that the product would be less expensive to produce.

7 0

3 years ago

Read 2 more answers

A firm's inventory was destroyed by fire on August 14 of the current year. Fortunately, the firm had insurance to cover the loss

aniked [119]

Answer:

cost of the inventory lost is $600,000

Explanation:

The cost of goods sold is computed as follows

$

Opening stock xxx

Add purchases during the year xxx

Less closing stock (xxx)

Cost of goods sold xxx

Gross profit is the profit after deducting just the cost of goods sold only. The gross profit margin is the proportion of sales made as gross profit. It indicates how well a company is managaing its cost of inpust.

If a company has a gross profit margin of 30% then the balance figure of 70% of sales represents the value of cost of goods sold.

So we can apply this to our question

Cost of goods sold = (100-40)% × Sales

= 60% × $1,000,000

= $600,000

Now we can work out the cost of the inventory lost which is the closing inventory:

Remember

cost of goods sold = Opening inventory + purchases - closing inventory

600,000 = 200,000 + 1,000,000 - y let y denotes closing inventory

y = 200,000 + 1,000,000 - 600,000

y = 600,000

cost of the inventory lost is $600,000

6 0

3 years ago

A purely competitive firm is producing at the point where its marginal cost equals the price of its product. If the firm increas

Ostrovityanka [42]

Answer:

Increase maybe?

Explanation:

7 0

2 years ago

Two companies join together in partnership to pursue an area of mutual interest. this is called a(n) __________.

andrezito [222]

It is called Co-Branding

7 0

4 years ago