Answer:
-$10,000 ; is
Explanation:
The computation is shown below:
The economic profit is
= Revenues produced - labor, wages, materials, rent, and other explicit costs incurred - giving amount
= $150,000 - $120,000 - $40,000
= -$10,000
Now the normal profit is
= Total revenues produced - Total cost incurred
= $150,000 - $120,000
= $30,000
So, the economic profit is -$10,00 and he is earning a normal profit
Answer:
$685.55
Explanation:
Patton company ;
Bond payments $376,100 × 0.055
= $20,685.55
Less face amount $400,000 × 0.05
= $20,000
Held-to-maturity debt securities $685.55
($20,685.55 - $20,000)
Note:
Effective yield(market rate)
= 11% ÷ 2
= 5.5%
Bonds
= 10% ÷ 2
= 5%
Answer:
The Four Factors of Production
Land Labor Capital
The physical space and the natural resources in it (examples: water, timber, oil) The people able to transform resources into goods or services available for purchase A company's physical equipment and the money it uses to buy
Answer:
Multi-channel marketing
Explanation:
Multi-channel marketing is defined as the amalgamation of various product delivery and communication channels that are reinforcing in attracting, retaining, and building relationships with the people who purchase and shop online and in traditional intermediaries.
Answer:
Estimated manufacturing overhead rate= $34.57 per machine hour.
Explanation:
Giving the following information:
Acheson Corporation applies manufacturing overhead based on machine-hours.
Estimated manufacturing overhead $ 157,300
Estimated machine-hours 4,550
To calculate the estimated manufacturing overhead rate we need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 157,300/ 4,550= $34.57 per machine hour.