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tangare [24]
3 years ago
9

Suppose a firm has the following expenditures per day: $240 for wages, $150 for materials, and $80 for equipment rental. The own

er of the firm owns the building in which it operates. If the firm were not operating in the building, he could rent the building for $70 per day. Total daily revenue is $600.
Business
1 answer:
mamaluj [8]3 years ago
6 0

Answer: This question is incomplete, so in order to answer it, we must first complete the question. What we are looking for is the daily explicit costs made by the firm in the question above.

The total daily explicit cost is $470.

Explanation:

Explicit costs are the costs that are incurred by a firm in the course of running a business. This simply means the payments that a firm makes to others during a production cycle. These costs include wages, rent, purchase if materials, utilities, and anything that the firm must make payments for.

In the question above, we can list out the costs incurred by the firm as follows:

Wages ---------------- $240

Materials ------------- $150

Equipment rental -- $80

Total explicit costs incurred is therefore,

240+150+80

= $470.

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In the context of business markets, _____ represents the fact that business buyers tend to be larger in size but fewer in number
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Answer:

concentrated demand

Explanation:

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3 years ago
luebke incorporated has provided the following data for the month of november. the balance in the finished goods inventory accou
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The adjusted cost of goods sold that would appear on income statement for November is $247,900.

<h3>What is an income statement?</h3>

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8 0
1 year ago
PLEASE HELP ME!
Lelu [443]
I think the best answer would be D. Understand her costumer value<span />
3 0
3 years ago
Read 2 more answers
Tessler farms has a return on equity of 11.28 percent, a debt-equity ratio of 1.03, and a total asset turnover of .87. what is t
Digiron [165]
<span>Return on equity = 11.28 percent = 11.28/100 = 0.1128
debt-equity ratio =1.03
total asset turnover = 0.87
return on assets = ?
we can find return on assets by using the formula
= return on equity / (1 + debt equity ratio)
= 0.1128 / (1 + 1.03)
= 0.1128 / 2.03
= 0.0556 = 0.0556 x 100 = 5.56%
So, the return on assets is 5.56%</span>
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3 years ago
Which of the following is not a core component of the federal reserve bank
natali 33 [55]
The answer to this question is A.
8 0
3 years ago
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