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Studentka2010 [4]
3 years ago
12

Consider an economy that produces only two goods: fresh apricots and dried apricots. In this economy, the technology of producin

g dried apricots is to place fresh apricots on special racks and allow them to dry in the sun. Fannie's Farms is the only company that grows fresh apricots, while Darryl's Dried Victuals is the only producer of dried apricots. Fannie's sells some of its apricots directly to consumers for consumption. The relevant revenue and cost information for each of the two firms in the economy is given below: Darryl's Dried Victuals Revenue from selling dried apricots: Cost of buying fresh apricots from Fannie's: Interest on funds borrowed to buy drying racks: Wages paid to employees Taxes $2,750,000 1,800,000 200,000 550,000 90,000 Fannie's Farms Revenue from selling fresh apricots: Rent on land (including apricot trees) Wages to employees Taxes $2,350,000 400,000 1,100,000 180,000 Darryl's profit from selling dried apricots is:_________.A) $5,390,000 B) $110,000 C) None of these are correct D) $150,000 E) $670,000
Business
1 answer:
satela [25.4K]3 years ago
4 0

Answer:

$110,000

Explanation:

Profit = Total revenue - Total cost

Total revenue =  $2,750,000 

Total cost = cost of purchase + interest + wages + taxes 

= $1,800,000+$200,000+ 550,000 + 90,000 = $2,640,000

Profit =  $2,750,000 - $2,640,000 = $110,000

I hope my answer helps you

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What is an advantage of using multimedia slides?Extensive training and publishing experience allows you to distribute basic pres
Viktor [21]

Answer:

Recall is enhanced because the audience keeps the reference material.

Explanation:

The advantage of using multimedia slides is that they enhance recall because the audience keeps the reference material. They are cheap to update and easy to use. They also always work well with other equipment and programs. A strong benefit of the multimedia slides is that it takes advantage of the brain's ability to process and connect both verbal and visual representations of any content, which leads to a better understanding of the presentation.

5 0
3 years ago
Harmon recently quit his job that he had worked at for the past 10 years in
Leviafan [203]

Answer:

d. Harmon only needs to show the bank his record of income from

his old job, not his new business.  

5 0
3 years ago
Ford Motor Company has a 1.40 beta. If the overall stock market increases by 8 percent, how much will Ford change?
oksian1 [2.3K]

Answer:

11.2

Explanation:

Your formula would be I = Overall market increased * Beta

"I" being Fords increase

so just plug in and solve

So your volatility would be 11.2

6 0
3 years ago
Suppose the civilian non-institutional population equals 250,000; there are 132,500 employed persons and 10,000 unemployed perso
mr Goodwill [35]

Answer:

107,500

Explanation:

The civilian non-institutional population can be divided into two groups;

1)Individuals in the labor force

11) Those not in the labor force

Those in the labor force will include the employed and the unemployed.

In the scenario, those in the labor force will be 132,500 employed persons and 10,000 unemployed persons.

I.e., 132,500 + 10,000 = $42,500

Those not in the labor force will be the population - those in the labor force.

I.e., 250,000-142,500= 107,500

Those not in the labor force will be 107,500

6 0
3 years ago
What are the two methods used to translate financial statements and how does the functional currency play a role in determining
laiz [17]

Answer:

The two methods of translating financial statements are the current rate method/closing rate method and the temporal method

Explanation:

Functional currency simply means the main currency used by a business. it could also be defined as the primary currency used in the economic environment in which a business operates as in where it generates most of its cash and also spends it

Functional currency determines to a large extent the method used in translation of financial statements. When there is no difference between local currency and foreign currency, current rate method is used and vice versa for temporal rate method

please find attached from Advanced Accounting

Hoyle, J., Schaefer, T., & Doupnik, T. (2015)

8 0
3 years ago
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