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
astraxan [27]
3 years ago
6

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In

addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is _____________ while her economic profit is ______________.a. $700;$400b. $300;$100c. $300 negative $100d. $1000 negative $1100
Business
1 answer:
Leto [7]3 years ago
5 0

Answer: Option C : $300; Negative $100

Linda's accounting profit = $300

Economic Profit= -$100

Explanation:

Total money generated = cost price x number of units = $100 x 10 = $1000

Profit = Total revenue generated - Cost of production = $1000 - $700 = $300

Linda's accounting profit = $300

Economic Profit = $300 - ($20 x 20hours)

Economic Profit= $300 - $400 = -$100

You might be interested in
One of the benefits of ics is that it provides an orderly, systematic ___________ process.
mr_godi [17]

The correct answer is planning.

The benefits of ICS stands for Incident command system.

ICS helps  to ensure that the efficient use of resources. The safety of responders, community and efficient use of resources. ICS can be utilized as a natural disaster or as Human caused hazard or a technological hazard.

ICS has some principles and features which include resources and facilities, resource management, accountability and planning which include management.

ICS helps to ensure that there is full utilization of all incident by making sure that there is integrated communication, and by maintaining span control which  is manageable.

4 0
3 years ago
Read 2 more answers
Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
djverab [1.8K]

Answer:

Cash flow amount = $17.52 million.

Explanation:

Cash flow amount = $4.8m of land + $12 m of building + $720k of grading = $17.52 million.

5 0
3 years ago
Read 2 more answers
A coin sold at auction in 2017 for $1,965,500. The coin had a face value of $5 when it was issued in 1794 and had previously bee
aksik [14]

Answer:

0.0642 or 6.42%

Explanation:

The period 't' between the year when the coin was issued, 1794, and 1971 is:

t=1971-1794 \\t=177\ years

If the coin had a value of $5 and after a period of t=177 years it was worth $305,000, the annual tax rate by which the coin appreciated is determined by:

305,000 = 5*(1+r)^{177}\\r=\sqrt[177]{61,000}-1\\r=0.0642=6.42\%

The annual rate was 0.0642 or 6.42%.

4 0
3 years ago
A Qdoba and a Baja Fresh both close down. They were both very near by a Chipotle. Now that Qdoba and Baja Fresh are gone, what d
Kitty [74]

Answer:

They were not allowed in advance of this investigation

7 0
3 years ago
CSelect the items from this list that are examples of misconceptions.
DENIUS [597]
A- you’re never too young to limit your spendings
D- there’s is more to learn outside of high school for many careers
probably B too but i’m not sure
3 0
2 years ago
Other questions:
  • Managerial accounting information is generally prepared for
    7·1 answer
  • If, at constant relative prices in a two-commodity and two-factor world, growth in a country’s labor force causes an expansion i
    12·2 answers
  • Suppose that the MC Software Corporation earns a profit of $10 per share. If the prevailing interest rate is 12 percent and the
    5·1 answer
  • To qualify for the quantity discount, which of the following may not be joined together under the definition of any person?
    8·1 answer
  • Delineate and describe the difference between measuring human performance and task completion.
    11·1 answer
  • The three things counselors should listen for are clients' concerns, feelings about the concerns, and​ a. ​ the expectation the
    15·1 answer
  • Jeremy is working on a spreadsheet which part of the information processing cycle will justify Jeremy’s use of the spreadsheet a
    6·1 answer
  • If the monopolist faces a constant marginal cost of $5, how much output should the firm produce in order to equal marginal reven
    12·1 answer
  • If Malaysian companies are highly efficient in the production of textiles and U.S. companies are highly efficient in the product
    8·1 answer
  • Choose all the characteristics of an effective leader.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!