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Komok [63]
2 years ago
12

A perfectly competitive apple farm produces 1,000 bushels of apples at a total cost of $36,000. The price of each bushel is $50.

Calculate the firm's short-run profit or loss.
Business
1 answer:
iren [92.7K]2 years ago
3 0

The firm's short run profit is $14,000.

<h3>What is the short run profit or loss?</h3>

Short run profit or loss can be determined by subtracting total revenue from total cost. Total revenue is total units sold multiplied by price per unit.

Short run profit = total revenue - total cost

Short run profit = (1000 x 50) - 36,000 = $14,000

To learn more about profit, please check: brainly.com/question/26181966

#SPJ1

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GalinKa [24]
They need to know how to run the fast food place. Editcational wise none.
6 0
3 years ago
Tasty Subs acquired a delivery truck on October 1, 2021, for $21,500. The company estimates a residual value of $2,500 and a six
Oksanka [162]

Answer:

The depreciation expenses will be "950 and 3610". A further explanation is given below.

Explanation:

The given values are:

Cost,

= $21,500

Salvage value,

= $2,500

Asset's total life,

= $100,000

Now,

The Depreciation rate will be:

= \frac{ (Cost - Salvage \ value) }{Asset's \ total \ life}

On putting the values, we get

= \frac{ (21500 - 2500) }{100000}

= \frac{19000}{100000}

= 0.19

So,

For the year 2021, the depreciation expense will be:

= Depreciation \ Rate\times Actual \ Mileage

= 0.19\times  5000

= 950

For the year 2022, the depreciation expense will be:

= Depreciation \ Rate\times  Actual \ Mileage

= 0.19\times 19000

= 3610

7 0
3 years ago
To make the most of your time you should break up large projects into small pieces true or false
g100num [7]

Answer:

True, To make the most of your time you should break up large projects into small pieces.

Explanation:

One way to break tasks down:

  • Watch out for the large image. ...
  • Review the elements of the task. ...
  • Think about the relevant order of completing the pieces. ...
  • Construct a timeline for accomplishing your tasks. ...
  • Have a plan to support you stay on track. ...
  • Complete your responsibility early enough to have some time left for a concluding review.

5 0
3 years ago
The sarbanes-oxley act created the ____ to protect the interests of investors and further"
UNO [17]

Answer:

federal laws

Explanation:

The sarbanes-oxley act is a Federal legislation that was passed in the US on 30th July 2002. to reform, protect the accounting and corporate financial sector which includes the interest of the investors. Note: an act consist of written laws and it is made by the legislative arm of the government.

4 0
4 years ago
LO 5.2What is the conversion cost to manufacture insulated travel cups if the costs are: direct materials, $17,000; direct labor
HACTEHA [7]

Answer:

The correct answer is $ 103,000.

Explanation:

Conversion costs are the costs incurred for turning raw materials into finished products. If you add direct labor costs and manufacturing costs, the sum that you get will be the conversion cost. In other words, conversion costs equal the cost of production minus raw material cost.

So here Conversion cost can be calculated by adding labour and manufacturing cost. Raw material cost is not included in conversion cost.

Coversion cost = 33,000 + 70,000 = 103,000 dollars

3 0
3 years ago
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