Answer:
Jillian's annual economic profit on the printing business is $6,000
Explanation:
Cost of ink = $2000/month = $2000×12/year = $24,000/year
Annual rent = $30,000
Annual salary of employees = $60,000
Total annual expenditure = $24,000 + $30,000 + $60,000 = $114,000
Annual revenue = $120,000
Annual economic profit = annual revenue - annual expenditure = $120,000 - $114,000 = $6,000
The question is incomplete:
A consumer values a car at $30,000 and a producer values the same car at $20,000. If the transaction is completed at $24,000, what level of sales tax will result in unconsummated transaction?
a. 0%
b. 25%
c. 20%
d. 40%
Answer:
d. 40%
Explanation:
The unconsummated transaction would occur when the price that the customer has to pay is higher than the value that he gave to the car. According to that, the answer would be the tax that would increase the final price to more than $30,000:
0%: $24,000
25%: 24,000*1.25= $30,000
20%: 24,000*1.20= $28,800
40%: 24,000*1.40= $33,600
The answer is that the amount of tax will result in an unconsummated transaction is 40%.
Answer:
$500 favorable
Explanation:
Given;
Number of units produced = 10,800 units
Actual indirect material costs = $13,000
Reflected indirect material costs for 144,000 units = $180,000
Now,
Per unit reflected indirect material costs = $180,000 ÷ 144,000
= $1.25 per unit
Therefore,
Budgeted indirect material cost for actual units produced
= $1.25 × 10,800
= $13,500
since,
the budgeted cost for indirect material cost for actual units produced is more than the actual indirect material cost, therefore
the indirect material costs in October is favorable
amount = Budgeted cost - Actual cost
= $13,500 - $13,000 = $500 favorable
Answer:
Because the supply of land in upstate New York <u>perfectly inelastic</u>, buyers in upstate New York <u>economic rent</u> when they purchase their land.
Owners realize that the rental price of land is much lower in Upstate New York than in more densely populated areas like the Upper West Side of New York City. One of the possible explanations for this rent difference is that there is a low <u>demand for</u> land with low productivity.
Some land owners decide to build parking lots in the Upper West Side of New York City. The supply curve for land to be used for parking lots is <u>upward sloping</u>.
Answer:
the exact internal rate of return is 40%
Explanation:
The computation of the exact internal rate of return is shown below
Given that
Initial investment = -$89,000
Year 1 to Year 18 = $35,684 each year
Based on the above information
We use the IRR formula
= IRR()
After applying the internal rate of return formula, the exact internal rate of return is 40%
So the same is considered and relevant too
