Every product manufactured by the maker of slim-fast carries the slim-fast brand name. this company uses _________

Q: Lisa sells 10 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $70. In

bija089 [108]

Answer:

Accounting Profit = $100

Economic profit = $80

Explanation:

Given that

Sales = 10

Cost = $10

The calculation of accounting profit and economic profit is shown below:-

Accounting Profit = Sales × Costs

= 10 × $10

= $100

For calculating accounting profit we simply multiply sales with costs.

Economic profit = Accounting profit - Opportunity cost

= $100 - 2 × $10

= $80

For calculating the economic profit we simply deduct the opportunity cost from accounting profit.

5 0

3 years ago

Dawn Swift discovered that 20 years ago, the average tuition for one year at an Ivy League school was $15,000. Today, the aver

KATRIN_1 [288]

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

7 0

3 years ago

The first financial management software anyone interested in starting a new business should focus on is developing an accurate a

dsp73

Anyone interested in starting a new business should focus on developing an accurate and compelling business plan - TRUE. To start a new business, a plan is a must because if you do not have steps to follow, the business will likely crumble before it's even launched. Making sure you are developing a well written plan and following the steps leads to a better chance of success.

4 0

3 years ago

Prepare a Trial Balance The following balances were taken from the general ledger of Howser Corporation as of December 31. All b

bija089 [108]

Answer:

Trial balance

Particulars Debit Credit

Cash $6,000

Account receivable $10,800

Equipment $30,000

Account payable $6,000

Common Stock $36,000

Dividend $2,400

Sales revenue $17,200

Administrative expense $8,000

Utilities expense $2,000

Total $59,200 $59,200

7 0

2 years ago

The Dell Corporation borrowed $ 10,000,000 at 5% interest per year, which must be repaid in equal EOY amounts (including bot

Dvinal [7]

Answer:

- Dell must repay $1,728,198.18 at the end of each year.

- $2,097,387.29 out of the total repaid amount is interest expense.

Explanation:

- EOY equal repayment calculation:

We apply the present value formula for annuity to calculate the equal repayment amount Dell needs to make in the next 7 years.

Denote C is equal repayment, PV is present value of the loan which is $10 million, i is interest rate which is 5%, n is the number of repayments which is 7.

We have: C = (PV x i) / [ 1 - (1+i)^-n] => C = (10,000,000 x 5%) / ( 1 -1.05^(-7)) = $1,728,198.18.

- Interest expense calculation:

Total repayment made: 1,728,198.18 x 7 = $12,097,387.29.

Total interest expense = Total repayment made - principal amount = 12,097,387.29 - 10,000,000 = $2,097,387.29

8 0

3 years ago

Every product manufactured by the maker of slim-fast carries the slim-fast brand name. this company uses __________.