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DiKsa [7]
3 years ago
10

Scenario 13-3 Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As

a consultant, Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce. Refer to Scenario 13-3.
Ziva's economic profit from farming equals


a. $130.

b. −$130.

c. −$80.

d. $170.
Business
1 answer:
Murrr4er [49]3 years ago
5 0

Answer:

c. −$80.

Explanation:

The computation of the economic profit is shown below:

Economic profit = Total revenue - Cost of seeds - Earning foregone

where,

Total sales revenue is $300

Cost of seeds is $130

And, the earning foregone is

= 10 hours × $25

= $250

So, the economic profit is

= $300 - $130 - $250

= -$80

We simply applied the above formula to determine the economic profit

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In one test before product launch, customers try a sample product and are then surveyed to understand whether they would buy/use
Neko [114]

Answer: c. Premarket testing

Explanation:

Premarket testing is usually performed before a certain product is brought to the market in order to determine customers satisfactions and whether they will use the products again.

5 0
3 years ago
Many employees get a reality shock on their first day at work because ____.
Sedbober [7]

Answer:

C. newcomers test how well their preemployment expectations fit reality and many companies fail this test.

Explanation:

The reason why many employees are shocked by reality on the first day of work is that pre-employment expectations are adjusted to reality and often the job does not meet the expectations that have been created.

To reduce this phenomenon, it is ideal that new employees have realistic expectations about the company and the function they will perform, taking their doubts through research and interviewing the recruiter, having a more realistic view of what they can find at work and managing your expectations.

3 0
3 years ago
Which of the following is an example of public relations?
vaieri [72.5K]
Can you give us the multiple choice answers?
5 0
3 years ago
Suppose the United States maintains a price floor for spinach. This policy might decrease revenues for spinach farmers if the: m
soldi70 [24.7K]

Answer:

Demand for spinach is elastic.

Explanation:

The price floor, which is maintained by the United States, is the minimum price for selling the goods. This price is set above the equilibrium price, which results in excess supply while demand for the same goods remains constant.

Since the prices for spinach cannot be set lower than the price floor and the policy is decreasing the revenue output for spinach farmers then this probably means that the prices are set too high which has decreased the demand for spinach. This means that the demand for spinach is elastic.

4 0
3 years ago
The following transactions occur for the Hamilton Manufacturers.
Radda [10]

Answer:

The answer is stated below:

Explanation:

The accounting equation is as follows:

Assets = Liabilities + Stockholders' Equity

Analyzing the transactions:

1. The service is provided to customer on account, which result in increase in assets and the stockholders' equity

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $4,000    = $0                     +  +$4,000

2. The equipment is purchased by signing a note, which result in increase in liability and also increase in the assets.

So,

Assets        =   Liabilities        +  Stockholders' equity

+ $10,500  =   +$10,500         + $0

3. Paid for the advertising, which result in decrease in cash as well as decrease in the equity of the company.

So,

Assets        =   Liabilities        +  Stockholders' equity

- $1,200    = $0                        +  -$1,200

7 0
3 years ago
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