1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesna [10]
4 years ago
11

Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per ye

ar. During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000.Zach's accounting profit for the year was_________________________________________________________________________________a. $-494,000.b. $-6,000.c. $6,000.d. $12,000.
Business
1 answer:
Sonja [21]4 years ago
7 0

Answer: C $6,000

Explanation:

Accounting profit = Revenue - Explicit Cost

Revenue = 6000 × 2.5 = $15,000

Explicit Cost = $ 9,000

Accounting profit = $15,000 - $ 9,000 = $6,000

You might be interested in
Read the following statement and select the term that matches.
ziro4ka [17]
Matches is the correct term
8 0
4 years ago
Tiger, Inc., a calendar year S corporation, is owned equally by four shareholders: Ann, Becky, Chris, and David. Tiger owns inve
matrenka [14]

Answer and Explanation:

The computation of the federal income tax ramifications are shown below:

At the corporate level, the capital gain is

= Worth of the land - the purchased value of the land four years ago

= $240,000 - $160,000

= $80,000

Since there is four shareholders, so the amount each shareholder held is

= $80,000 ÷ 4

= $20,000

And, the David stock basis drop is

= David basis in S corporation stock - land worth + amount of each shareholder

= $270,000 - $240,000 + $20,000

= $50,000

5 0
4 years ago
Check my answers?
Furkat [3]
Number one is B, number two is C, number three is A, number four is d. I think
7 0
3 years ago
Michelle always drives down Hampton Avenue to go to work. One morning, Michelle discovers that Hampton Avenue is closed at Wood
Soloha48 [4]

Answer:

she has formed a cognitive map of the area

Explanation:

A cognitive map is basically a mental map or representation of the physical surrounding area. If you have ever seen a lab rat trying to go through a maze, that is exactly what this is about. The ability to mentally represent of physical surroundings is very important, and not just to avoid traffic jams, but for our normal daily activities. We all know where the bathroom is, or the kitchen, and our rooms, etc., that is basically a cognitive map of our house.

7 0
3 years ago
Is anyone a Steelers fan? Or Washington FT fan
vodka [1.7K]

Answer:

steelersssss all the way babyyyy

Explanation:

6 0
3 years ago
Other questions:
  • he Strawberry Mansion Company reported the following: Standard quantity per unit 3 lbs Standard price per pound $2.75 Actual pou
    14·1 answer
  • When i see someone being treated unfairly,i sometimes dont feel very much pity for them
    11·1 answer
  • What is the typical relationship between time and interest rate
    11·2 answers
  • The value of a product minus the costs of raw materials and energy is
    12·1 answer
  • You just purchased some equipment that is classified as five-year property for MACRS. The MACRS rates are .2, .32, .192, .1152,
    15·2 answers
  • Murphy's, Inc. has 31,900 shares of stock outstanding with a par value of $1.00 per share. The market value is $14.00 per share.
    15·1 answer
  • The process by which managers at all levels in the firm gain information about the performance of tasks within the firm and judg
    15·1 answer
  • Which of the following have editors with specific expertise designated to specific sections
    6·2 answers
  • Describe legislation passed to regulate banks​
    12·1 answer
  • Trumbrella Corp. is a pharmaceutical company. One of its employees reports that he has suffered an on-the-job injury caused by t
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!