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GaryK [48]
3 years ago
7

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store ea

rned an economic profit of $50,000 last year, this means that the store's accounting profit equaled: a $6,000. b $56,000. c $94,000. d $2,044,000. e $2,050,000.
Business
1 answer:
Korolek [52]3 years ago
7 0

Answer: $94,000

Explanation:

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The following information will be used for 2 questions on this exam: Charlotte Corporation's management keeps track of the time
BigorU [14]

Answer:

6.00 days

Explanation:

data provided

Inspection time = 3.7 days

Process time = 0.2 days

Move time = 1.3 days

Queue time = 0.8 days

The calculation of throughput time is given below:-

Throughput time = Inspection time + Process time + Move time + Queue time

= 3.7 days + 0.2 days + 1.3 days + 0.8 days

= 6.00 days

Here, we added the inspection time, process time , move time and queue time to reach at throughput time and we ignore the time spent waiting to be worked on in the factory as it is not relevant.

6 0
3 years ago
Does the fact that your bank keeps only a fraction of your account balance in reserve worry you? Why don't people rush to the ba
m_a_m_a [10]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. Is an opinion what contains the image. Judge it like it is.

4 0
3 years ago
Which two tasks does a geologist perform?
USPshnik [31]
They study earth and the materials it's made from.
4 0
3 years ago
Fulbright Corp. uses the periodic inventory system. During its first year of operations, Fulbright made the following purchases
madam [21]

Answer:

$1,497.77

Explanation:

From the above information, the following can be deduced;

42 units at $109 per unit

74 units at $82 per unit

170 units at $70

Total units = 42 + 74 + 170 = 286 units

Units left at year end = 19 units

The next step is to compute the total cost in arriving at the ending inventory, using average cost method.

Total cost = [(42 × $109) + (74 × $82) + (170 × $70)]

= $4,578 + $6,068 + $11,900

= $22,546

Per unit cost

= $22,546 ÷ 286 unit

= $78.83 per unit

Therefore, ending inventory

= Per unit cost × Units held at the end of the year

= $78.83 × 19 units

= $1,497.77

7 0
3 years ago
The King Corporation has ending inventory of $481,060, and cost of goods sold for the year just ended was $4,016,851. a. What is
Andrei [34K]

Answer:

Inventory TurnOver 8.35

Days outstanding 43.71

Average days outstanding 21.86

Explanation:

\frac{COGS}{Inventory} = $Inventory Turnover

\frac{4016851}{481060} = $Inventory Turnover

Inventory TO 8.35

This means the inventory is being sold 8.35 times during the year

\frac{365}{Inventory TO} = $Days on Inventory

\frac{365}{8.35} = $Days on Inventory

Days on Inventory 43.71

The entire inventory is being replaced every 43.71 days

If we assume the batch is sold uniformly over those days

then the haverage wil lbe half of the days outstading:

43.71 / 2 = 21,855‬ = 21.86

4 0
3 years ago
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