Only financial institutions can borrow from the Fed.

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In

son4ous [18]

Answer:

c. $300; negative $100

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Accounting profit = Total Revenue - Total cost

Total revenue = price x quantity

100 × $10 = $1,000

Total cost = $700

Accounting profit = $1000 - $700 = $300

Economic profit is accounting profit less implicit cost or opportunity cost.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Implicit cost = $20 × 20 = $400

Economic profit = $300 - $400 = $-100

I hope my answer helps you

5 0

4 years ago

Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are p

dmitriy555 [2]

Answer:

270,000 units

Explanation:

Given that:

Beginning Inventory for finished goods: 31,000

Ending Inventory for finished goods : 41,000

Beginning Inventory for raw materials: 61000

Ending Inventory for raw materials: 51,000

Units planned to be sold: 260,000

We compute the produced finished goods = Ending inventory + Units sold − Beginning inventory

= 41,000 + 260,000 − 31,000 = 270,000

The number of units the company would have to manufacture during the year would be 270,000

6 0

3 years ago

Thomas company uses a standard cost system and recognizes the materials purchase price variance at the time materials are purcha

bearhunter [10]

Answer: $600F

Explanation:

Given the following :

standard unit price - $1.80

actual purchase price per unit - $1.65

actual quantity purchased - 4,000

units actual quantity used - 3,900

units standard quantity allowed for actual production - 3,800 units

Material purchase price variance = ( Actual unit price of material - standard unit price of material) × Actual unit of material purchased

($1.65 - $1.80) × 4000

( $0.15) × 4000

$600F (Favorable) because standard price is higher than actual price

6 0

3 years ago

Store design provides _____ by offering customers an entertaining and enjoyable shopping experience.

NikAS [45]

Store design provides fixtures by offering customers an entertaining and enjoyable shopping experience.

A customer is a recipient of goods, services, products, or ideas obtained from a vendor, vendor, or supplier through financial transactions or in exchange for money or other value consideration.

The definition of customer is a person who purchases products or services from a store, restaurant, or other retail outlet. An example of a customer is someone who goes to an electronics store and buys a television. (informal) A person, especially a person, who interacts with others in some way.

A customer is an individual or business that purchases goods or services from another business.

Learn more about customers here:brainly.com/question/380037
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3 0

1 year ago

A company purchased a machine for $140,000 with a useful life of 8 years and a residual value of $10,000. It is estimated that t

densk [106]

Answer:

The amount of accumulated depreciation at the end of the second year is $49,700.

Explanation:

Determining the depreciable cost

Determine the depreciable cost = Acquisition - Residual value.

The depreciable cost = 140,000 - 10,000.

The depreciable cost = $130,000.

Determining the depreciation rate per unit

The depreciation rate per unit = depreciable cost / No. of activity units

replacing:

The depreciation rate per unit= 130,000 / 80,000

The depreciation rate per unit= $1.6 per activity unit.

Determining the amount of accumulated depreciation

The depreciation expense for year 1= Activity units in year 1 × depreciation rate per unit.

The depreciation expense for year 1 = 17,000 × 1.6

The depreciation expense for year 1 = $27,200.

The depreciation expense for year 2= Activity units in year 2 × depreciation rate per unit.

The depreciation expense for year 2 = 15,000 × 1.6.

The depreciation expense for year 2 = $22,500.

The amount of accumulated depreciation = depreciation expense for year 1 + depreciation expense for year 2.

The amount of accumulated depreciation = 27,200 + 22,500.

The amount of accumulated depreciation = $49,700.

6 0

3 years ago