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
Ilia_Sergeevich [38]
3 years ago
15

Wanda owns a lemonade stand. She produces lemonade using five inputs: water, sugar, lemons, paper cups, and labor. Her costs per

glass are as follows: $0.01 for water, $0.02 for sugar, $0.03 for lemons, $0.02 for cups, and $0.10 for the opportunity cost of her labor. She can sell 300 glasses for $0.50 each. Refer to Scenario 13-8. What are Wanda’s total economic costs per glass?
Business
1 answer:
vitfil [10]3 years ago
5 0

Answer:

Total economic costs per glass is $0.18.

Explanation:

The total economic costs will include both explicit and implicit costs.

Explicit costs are those which are directly measured, for instance, cost of inputs here.

The implicit costs is the indirect cost. Here opportunity cost is the implicit cost.

Total economic costs

=$(0.01+0.02+0.03+0.02+0.10)

=$0.18

So, the total economic cost is $0.18.

You might be interested in
What is the impact on the accounting equation when an accounts receivable is collected?
Alinara [238K]
DONT TRUST THAT LINK! IT IS USED TO STEAL PERSONAL INFORMATION! Report any links people give you.

Answer for your question!

Because one asset increases and another decreases by the same amount, the accounting equation remains unchanged and in balance, suggests Principles of Accounting. For example, if you collect $100 from an account receivable, cash increases by $100 and accounts receivable decreases by $100.
5 0
3 years ago
The potential gross income of a warehouse is $4,200 a month and the vacancy rate is 2 1/2%. The taxes are $3750, the monthly mai
Marrrta [24]

Answer:

$238,320

Explanation:

First we should determine the total yearly revenue:

$4,200 (monthly income) x 12 = $50,400 - 2.5% (vacancy rate) = $49,140

Now we must determine the expenses:

monthly maintenance costs = $350 x 12 = $4,200 per year

taxes = $3,750 per year

monthly reserves for replacement = $250 x 12 = $3,000 per year

management fees = $500 x 12 = $6,000 per year

quarterly landscaping fees = $600 x 4 = $2,400 per year

Total revenues                                                       $49,140

maintenance costs                                                ($4,200)

taxes                                                                       ($3,750)  

reserves for replacement                                     ($3,000)

management fees                                                 ($6,000)

<u>landscaping fees                                                   ($2,400)   </u>

net profit per year                                                 $29,790

warehouse value = $29,790 / cap rate = $29,790 / 12.5% = $238,320

5 0
3 years ago
Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called
Vsevolod [243]

Answer:

networkers

Explanation:

Corporate managers who supervise, coach, and guide lower-level employees and serve as their organizational sponsors are called: networkers.

8 0
2 years ago
A company had 6,950,000 net income for the year. Is net sales were 14,700,000 for the same period. Calculate its profit margin.
kobusy [5.1K]
0.46 or 46% hope this helps
5 0
3 years ago
Which of the following is a feature of high-level code
Deffense [45]

Answer:

feature

Explanation:

Easier to read, write and maintain as commands are similar to English. Allow access to module libraries. Use data types and data structures, selection statements and repetition/iteration constructs. Use logic operators and functions that are built into the language.

6 0
3 years ago
Other questions:
  • What are some benefits to private ownership? Select three answers.Private ownership provides offices for government workers.Priv
    12·2 answers
  • Dita takes out a student loan from Everloan Bank. When she fails to make the scheduled payments for six months, Everloan advises
    14·1 answer
  • Lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
    8·1 answer
  • Suppose a state passes a minimum wage law that increases the minimum wage from $5/hour to $20/hour. The equilibrium wage prior t
    10·1 answer
  • On November 1, 2021, NoleCo signed a $100,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six
    14·1 answer
  • You can invest in taxable bonds that are paying a yield of 9.4 percent or a municipal bond paying a yield of 7.65 percent. Assum
    7·1 answer
  • Salvia Company recently purchased a truck. The price negotiated with the dealer was $40,500. Salvia also paid sales tax of $2,10
    7·2 answers
  • At a price of $200, a cell phone company manufactures 100000 phones. At a price of $300, the company produces 300000 phones. Wha
    5·1 answer
  • Which actions can you take to bring back your computer from sleep mode?
    14·2 answers
  • HELP! i need help with this brochure project for economics and personal finance. its about Understanding Checking and Debit Acco
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!