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
Mrac [35]
3 years ago
13

Bobby decides to sell lemonade on a hot summer day. If Bobby sells 20 glasses of lemonade for $0.20 per cup, and his average tot

al cost is $0.17, what are Bobby's economic profits for the day? $0.20 $0.00 $0.60 $0.80
Business
1 answer:
MAXImum [283]3 years ago
4 0

Answer:

c. $0.6

Explanation:

The economic profit is the difference between total income and total cost. The total cost is the multiplication of the average cost by the number of sold glasses.

Total income = 20 * 0,2 = 4

Average cost = 0,17

Total cost = 0,17 * 20 = 3,4

Economic profit = Total income - total cost = 4 - 3,4 = 0,6

You might be interested in
"helen is a u.s. citizen and cpa, who moved to london, england three years ago to work for a british company. this year, she spe
balu736 [363]

<u>Answer:</u>

<em>Exclusion upto  $103,900. Taxable amount is $6100.</em>

<u>Explanation:</u>

<em>US natives</em>, just as changeless occupants, are required to document ostracize expense forms with the government consistently paying little mind to where they dwell.

Alongside the <em>common assessment</em> form for money, numerous individuals are likewise required to present an arrival revealing resources which are held in ledgers in remote nations. Notwithstanding where you live, you should record <em>expat imposes in the US.</em>

3 0
3 years ago
When managers of firms in a competitive market observe falling profits, they may infer that the market is experiencing a. a viol
Oliga [24]

Answer:

c. the entry of new firms

Explanation:

  • The entry of the new firms in the market creating a  market supply curves to shift to the right side and as the curve shifts the markets price then starts to decline with it  
  • This declines the economic profits in the new and the existing firms as long as the profits exists  in the markets and entry will continue to shift to supply to the right.
  • The diversification of the melt and the fall in the monopoly of the firms start to take place.  
  • They take up resource ownership and technological developments. In short, they increase the competitiveness and bring rivalry into the market.
7 0
4 years ago
Making payments on time is an important part of managing which of the following?
Darina [25.2K]
Loan account i believe
hope this helps :)
4 0
3 years ago
Read 2 more answers
Should highschoolers have nap time? <br> Best answer gets brainliest and 100 points!
maxonik [38]
In my opinion, yes. It could beneficial to high schoolers, as getting more rest would most likely help them function better by being allowing the student to be more alert and focused after waking up, or they could even have an easier time retaining information from lessons with a 20-30 minute nap. Along with the nap letting their brain rest for a little, it could be helpful to someone who’s stressed by calming the student down almost by resetting their mindset. But of course, the nap should be short enough not to interfere with their Circadian rhythm or let them fall into stages of deep sleep.
4 0
3 years ago
When a company uses a service organization to prepare its payroll, the company's auditors?
Andreyy89

When a company uses a service organization to prepare its payroll, the company's auditors need to understand the internal controls over the transaction regardless of the location of the control.

<h3>What is meant by payroll?</h3>

A payroll is a list of the employees of a company who are eligible for payments and other work perks, as well as the amounts that each person is supposed to receive.

Payroll is the process of paying employees of a business, which includes keeping track of hours worked, figuring out salaries, and sending checks or direct deposits to employees' bank accounts.

A Payroll Specialist with 2-3 years of work experience can earn an average income of up to 7 lakh per year. In addition, you may be eligible for a bonus between INR 30,000 and INR 40,000, based on your performance and work history.

Regardless of where the control is placed, the internal controls over the transaction must be understood by the company's auditors when the firm contracts a service provider to produce its payroll.

To learn more about payroll refer to:

brainly.com/question/1445562

#SPJ4

6 0
2 years ago
Other questions:
  • A business with a differentiation strategy will add cost to an activity only as long as the activity has a positive margin.
    12·1 answer
  • The following information for Cooper Enterprises is given below:December 31, 2018Assets and obligationsPlan assets (at fair valu
    8·1 answer
  • For revenue managers working in the lodging industry the term ""Place"" in the 4P’s of the Marketing Mix refers to two items. On
    6·1 answer
  • Companies are using _____________ to communicate their corporate social responsibility actions to their customers. sales promoti
    9·1 answer
  • An entrepreneur who takes unreasonable actions due to a lack of clarity about future events could suffer from ______. a. inatten
    11·1 answer
  • What are the forces that together comprise the invisible hand?
    12·2 answers
  • During the current year, OutlyTech Corp. expected to sell 22,500 telephone switches. Fixed costs for the year were expected to b
    12·1 answer
  • Bramble Corp. incurs the following costs to produce 9300 units of a subcomponent: Direct materials $7812 Direct labor 10509 Vari
    9·1 answer
  • When Volvo runs ads suggesting that its cars are the safest that money can buy, it is trying to ________. A) segment the market
    5·1 answer
  • This is my mom channel please subscribe​
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!