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
AnnyKZ [126]
3 years ago
12

Situation 22-4 Joe is the owner-operator of Joe's Haircuts Unlimited. Last year he earned $200,000 in total revenues and paid $1

25,000 to his employees and suppliers. During the course of the year, he received three offers to work for other barbers, with the highest offer being $50,000 per year. Refer to Situation 22-4. What are Joe's economic profits
Business
1 answer:
prisoha [69]3 years ago
4 0

Answer:

Economic profit= $25,000

Explanation:

Giving the following information:

Last year he earned $200,000 in total revenues and paid $125,000 to his employees and suppliers.

Job offer= $50,000 per year

The economic profit takes into account the opportunity cost of other options.

Economic profit= 200,000 - 125,000 - 50,000

Economic profit= $25,000

You might be interested in
Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates
miv72 [106K]

Answer:

Correct option is C $6700

Explanation:

It is calculated that the net cash balance is $3,300. But, the minimum cash balance should be $10,000. The difference amount should be borrowed. Thus, $3,300 is deducted from $10,000. The amount to be borrowed by the company is $6,700.

8 0
3 years ago
Steel mill inc. Makes steel forms of substandard quality. Tower building company has never bought or used a steel mill form, but
rjkz [21]

The best ground on which the defendant ( Company S ) can dismiss the suit filed by the plaintiff (Company T) is the standing to sue.

<h3>What is standing to sue?</h3>

Standing to sue refers to a situation where the plaintiff who has filed the case must prove with appropriate proof of having damages or injuries in respect of the conduct of the defendant.

In the provided case, Company T has to prove that the products of Company S are actually defective through appropriate evidence. If Company T can't able to prove their alleged claim before the court, then the case is decided in the favor of the defendant party, that is, Company S.

Therefore, the standing to sue can be used as a ground by Company S for dismissing the claim of Company T.

Learn more about the standing to sue in the related link:

brainly.com/question/14820416

#SPJ4

4 0
2 years ago
Kraft has adapted its popular Oreo cookie to the unique tastes of consumers all around the world, whether it's mango-and-orange
zvonat [6]

Answer:

Product adaptation

Explanation:

Product adaptation is when an existing product is changed or modified to suit customers need in a foreign market . The aim is to satisfy customers want all around the world where the products are exported to.

There are various reasons why products may be adapted, one of which is changing the taste of a product to meet the desire of customers who are based in other countries or around the world. It may also involve either changing the brand, colour etc, just to meet customers demand all around the world.

Other reason why a product may be adapted is to comply with local laws where the products are exported to.

7 0
3 years ago
A target income refers to: ?a. income at the break-even point.?b. income from the most recent period.?c. income planned for a fu
Shkiper50 [21]
The target income refers to the income planned for the future. The answer is letter C. This type of income is expected by the management at a given specified accounting period. This now would direct the key functions of the management in relation to the action that it will do to achieve the certain income. 
5 0
4 years ago
If the potential employer is a candle-making company, _____ would be one of the employer’s raw materials.
Scilla [17]

Answer:

wax

Explanation:

Raw materials are the components or ingredients used to manufacture finished goods. They are the unprocessed materials that go through the production process or refining to give a consumable product.

Wax is the main raw material in the production of candles. A company involved in making candles need a source of wax to stay in business.

5 0
3 years ago
Other questions:
  • What best describes the economic interaction between early colonists and native americans?
    6·1 answer
  • A client presents to the emergency department with severe epistaxis. Which client position is most beneficial?
    8·2 answers
  • Bankruptcy filings are given names according to
    10·1 answer
  • Alexie transfers land valued at $250,000 (her basis = $220,000) to Sorenson Corp. in exchange for Sorenson common stock valued a
    10·1 answer
  • What is the overriding goal of a customer relationship management system?
    7·1 answer
  • Firms with a(n) _________________ orientation spend little on marketing research and planning, target customers indiscriminately
    5·1 answer
  • As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a prefe
    13·1 answer
  • Which is not an advantage of a savings account?
    8·1 answer
  • If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
    10·1 answer
  • As the benefit of consuming more of a good falls with each additional unit, the price consumers are willing and able to pay also
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!