Answer:
The correct option is B
Explanation:
In order to compute the profit, the accountant consider the Explicit cost so,
Explicit Cost = Borrowed amount × Interest rate + Ingredients amount
= $30,000 × 3% + $25,000
= $259,000
Where Revenue is $60,000
Profit = Revenue - Explicit Cost
= $60,000 - $259,000
= $34,100
Economic Profit is computed as:
Economic Profit = Total Profit - Implicit Cost
= $34,100 - $40,600
= - $6,500
where
Implicit Cost = Salary + Interest
= $40,000 + ($20,000 × 3%)
= $40,000 + $600
= $40,600
Therefore, Louis says profit is $34,100 and Greg says she lost $6,500
Answer: Athletes and entertainers must be very careful to think before they tweet or post anything to other social media sites. Because of the immediacy of this type of interaction and the high visibility of celebrities, one social media post could cause a whole lot of damage. Many celebrities have found this out firsthand. Take, for example, the case of Mark Cuban, owner of the NBA Dallas Mavericks. After his team got beat, he used his Twitter account to let off some steam at the referees who apparently—he thought—made some bad calls. His public venting cost him $25,000 in fines from the NBA. When he was notified about the fine, Cuban again used Twitter to vent, posting the following tweet on his profile: “can’t say no one makes money from twitter now. the nba does.”
Explanation:
Answer:
first and foremost influenced by the economic needs that they have for quality and reliability.
Explanation:
Based on the information provided within the question it can be said that the the purchasing behavior of organizational buyers is first and foremost influenced by the economic needs that they have for quality and reliability. Since consumers want to purchase a product they can trust that will not fail after purchase and will get the job that it is suppose to do, done.
Answer:
a. $612
b. $2,480
Explanation:
a. Overhead is applied at a rate of $12 per direct labor hour.
Overhead applied would therefore be;
= 12 * total labor hours
= 12 * 51
= $612
b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead
= 978 + 890 + 612
= $2,480
Answer:
The answer is 80%
Explanation:
Profit = revenue - cost of sales
=[(50* 300) per 50 front-foot lot * 3 lots ] - 25000 *100
=(45000-25000)/25000 *100
<u>=80%</u>
