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
ddd [48]
3 years ago
13

Why do surgeons earn more than butchers?

Business
1 answer:
bulgar [2K]3 years ago
7 0

Answer: Because they possess a skill that takes years to master

Explanation:

It doesnt take much to be a butcher but surgeons posses a PHD

You might be interested in
If at optimum output of 1,000 units, the firm is incurring average variable cost per unit of $3, average fixed cost per unit of
iVinArrow [24]

Answer:

$2500

Explanation:

Given: Total output(quantity)= 1000 units.

           average variable cost per unit= $3

           Average fixed cost per unit= $1.5

           Selling price per unit is $7

We know, Profit= Total\ revenue - Total\ cost

First, lets find out total cost

Total cost= Total\ fixed\ cost+ Total\ variable\ cost

Remember, cost= average\ cost\times quantity

Fixed\ cost= \textrm{average fixed cost per unit}\times quantity

Fixed\ cost= 1.5\times 1000= \$ 1500

Variable\ cost= \textrm{average variable cost per unit}\times quantity

Variable\ cost= \$ 3\times 1000= \$ 3000

∴ Total cost= 1500+ 3000= \$4500

Now, finding total revenue.

Total\ revenue= selling\ price\times quantity

Total\ revenue= \$ 7\times 1000= \$ 7000.

Profit= Total\ revenue - Total\ cost

∴ Total profit= \$ 7000-\$ 4500= \$2500

Total profit= $2500

8 0
3 years ago
Vasudevan Inc. recently reported operating income of $2.90 million, depreciation of $1.20 million, and had a tax rate of 40%. Th
babymother [125]

Answer:

2.34 million

Explanation:

Vasudevan incorporation reported an operating income of $2.90 million

The depreciation is $1.20 million

The tax rate is 40%

= 40/100

= 0.4

The firm's expenditure on fixed assets and net operating working capital is $0.6 million

Therefore, the free cash flow can be calculated as follows

Free cash flow= operating profit-tax+depreciation-expenditure

= 2.90-(2.90×0.4)+1.20-0.6

= 2.90-1.16+1.20-0.6

= 2.34

Hence the free cash flow is 2.34 million

4 0
3 years ago
When journalizing a transaction, a short explanation may be written A : on the line following each journal entry. B : at the bot
larisa [96]

Answer:

The correct answer is letter "A": on the line following each journal entry.

Explanation:

<em>Brief descriptions</em> can be added after each entry of the journal whenever necessary. The note must be included in the next line of the entry that might need extra explanation or clarification. <em>Accuracy </em>is relevant for accounting purposes since companies tend to be audited and they must demonstrate their transactions are transparent.

4 0
3 years ago
Why would a business continue to produce additional units of an item after the marginal cost begins to rise?
lorasvet [3.4K]

To increase their profit.

Even if the marginal cost is going up, as long as it is less than sales price the company can still make a profit. As the marginal cost continues to rise, that profit gets smaller and smaller but still exists and gives companies motivation to continue producing.

3 0
4 years ago
Read 2 more answers
Baker earned $113,300 of salary as an employee in 2012. How much should his employer have withheld from his paycheck for FICA ta
Murrr4er [49]

Answer:

Employer should withheld $1,643 from Baker's salary

Explanation:

Baker earned $113,300 in 2012. As on 2012, FICA tax rate withheld from employee's salary is 7.65% that constitutes 4.5% of social security, 1.45% of medicare taxes and 2% additional for employees whose wages exceed $18,350.

The gross income base for social security part has increased in 2012 to $110,100. This is not applicable for medicare tax of 1.45%.

Here, Baker's salary of $113,300 is above social security limit, so his income will not be withheld for social security. However, 1.45% of his salary will be withheld for medicare tax.

Therefore, $1,643 that is 0.0145×113,300 is withheld from his salary.

5 0
3 years ago
Other questions:
  • Which chart type can be used to display summary values from two different levels of grouping in a report?
    14·1 answer
  • _____ activities are basically concerned with creating the product, marketing and delivering the product to buyers, and providin
    10·1 answer
  • An example of the internal control principle of establishing responsibility is: Multiple Choice bonding employees. assigning eac
    15·1 answer
  • Daget Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the total estimated
    6·1 answer
  • As a small business owner, you need to set up an office in your house. You estimate it will cost $6000 to buy furniture and supp
    5·1 answer
  • Variable costs are A. a production expense that changes with the quantity of output produced. B. a production expense that does
    9·1 answer
  • What are some of the benefits of technological advances such as CAD-CAM? Select all that apply.
    12·1 answer
  • The per-unit standards for direct materials are 2 gallons at $4 per gallon. Last month, 12200 gallons of direct materials that a
    10·1 answer
  • Stan is going to work for the next 30 years and then retire. Starting the day he retires, he would like to withdraw $90,000 per
    10·2 answers
  • Assume the following relationships for the Caulder Corp.: Sales/Total assets 1.7× Return on assets (ROA) 5.0% Return on equity (
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!