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_86 [32]
3 years ago
9

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p

ersonal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. For Pat to earn normal profit, Pat’s accounting profit would have to be ______.
Business
1 answer:
Ivan3 years ago
6 0

Answer:

$34,000

Explanation:

Accounting profit = Total revenue - Explicit costs

i.e Total revenue = $50,000

     Explicit costs = $12,000 + $1,000 + $3,000 = $16,000

Therefore; $50,000 - $16,000 = $34,000.

You might be interested in
hello how are you? you are fine, thats great basically 1+1 =2 but really if you take - out of = you get 1+1-2 which is 0 syawyna
MatroZZZ [7]

the answer you are looking for is acrobat

3 0
3 years ago
Read 2 more answers
Stock has a 50% chance of producing a 46% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -28% r
lakkis [162]

Answer:

the firm expected rate of return is 20.4%

Explanation:

The computation of the expected rate of return is shown below:

= Respective Probabilities × respective returns

= 0.50 × 0.46 + 0.30 × 0.10 + 0.20 × -0.28

= 0.23 + 0.03 - 0.056

= 0.204

= 20.4%

hence, the firm expected rate of return is 20.4%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
When an intercompany inventory profit resulting from a sale by a less than 100% owned subsidiary to its parent is eliminated, th
joja [24]

Answer:

TRUE

Explanation:

It is true that when an intercompany inventory profit resulting from a sale by a less than 100% owned subsidiary to its parent is eliminated, the full amount (100%) of the decrease in profit is deducted from consolidated net income available to the parent shareholders.

Unrealized profits are the profit element not earned because they were not sold to third parties, it was basically a transfer between one company in a group (for example subsidiary) and another company in the same group (for example to the parent company).  

At the year-end, if the goods are still in inventory, any profit thereon cannot be recognized but eliminated. Therefore for consolidation purposes, this unrealized profit element is taken out of inventory value in order to reduce the inventory value back down to the lower of cost or net realizable value.  

This is done by crediting the inventory amount and debiting consolidated retained earnings.

3 0
3 years ago
Tristan is a salesperson who has been in charge of the Dragos Textile Company account for years. He handles all of Dragos' order
RSB [31]

Answer:

The correct answer is A that is relationship selling

Explanation:

Relationship selling is the term which is described as the technique of sales which focuses or involved on the interaction among the salesperson and the buyer instead of the details or the price of the product.

In this case, Tristan who is a salesperson, who is a charge of the textile company and takes the employees of the company out for dinner. He is involved in the relationship selling.

6 0
3 years ago
Why would a business choose to buy supplies from another country
jasenka [17]
Delivery may be cheaper, you might be able to get more products for a lower price than in your country, a particular brand may be better than a current one in your country
hope this helps
3 0
4 years ago
Read 2 more answers
Other questions:
  • Dr. Leo is involved in an applied research study of customer satisfaction with a newly developed line of facial cosmetics and ot
    10·1 answer
  • EB15.
    5·1 answer
  • Co to znaczy "Po prawidłowej weryfikacji wymienionego dokumentu '' na teraz!!!
    5·1 answer
  • Windsor, Inc., issues 7%, 10-year bonds with a face amount of $1 million on January 1, Year 1, for $932,048, when the market rat
    6·2 answers
  • Income tax that is payable to the federal government is collected by the blank
    5·1 answer
  • Solutions Inc. signs a 10-year lease for a building owned by Property Inc. that is appropriately classified as an operating leas
    12·1 answer
  • Name two advantages offered by a credit union.
    10·1 answer
  • A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company prod
    13·1 answer
  • How do you know how many items to order for your kitchen?
    12·1 answer
  • If the government increases taxes on foreign steel
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!