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taurus [48]
4 years ago
6

Arlene makes earrings in the shape of the mascot of a local university. Last year Arlene made 250 pairs of earrings, which she s

old to the university bookstore for $10 each. Arlene works out of her home, so her only cost is $3 per pair for materials and $85 for tax help. If Arlene didn't produce earrings, she would spend her time babysitting her nephews and make about $500 per year. a. Arlene's economic profit is $1,665. b. Arlene's accounting profit is $1,165 c. Arlene's total costs are $835. d. Arlene's total revenue is $2500.
Business
1 answer:
kozerog [31]4 years ago
3 0

Answer:

d. Arlene's total revenue is $2500.

Explanation:

Given that

Number of earrings pair = 250

Sale value each = $10

Material cost per pair = $3

For tax help =$85

Per year produce value = $500

By considering the above information

The total revenue would be

= Number of earrings pair × sale value each

= 250 pairs × $10

= $2,500

Hence the total revenue is $2,500

Only d option is a true statement rest options are wrong.

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During January 2016, Wells Corporation purchased $200,000 of inventory; they paid one-fourth in cash, and signed a note for the
ivanzaharov [21]

Answer:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

Explanation:

Data provided in the question:

Cost of the inventory purchased = $200,000

Amount paid in cash =  one-fourth

= one-fourth of $200,000

= $50,000

For the remaining balance signed a note i.e = $200,000 - $50,000

= $150,000

Now,

This transaction will be recorded as:

Inventory                        $200,000    

Cash                                                      $50,000

Notes payable                                      $150,000

3 0
4 years ago
What is a commission?​
Liula [17]

Answer: an instruction, command, or duty given to a person or group of people.

Explanation:

an instruction, command, or duty given to a person or group of people.

7 0
4 years ago
Economics Unit 5 Study Guide
Alika [10]

The Government agency and the organizations are the groups that are facilitated for the working by the government, privately or with government support.

<h3>What is Government agency?</h3>

The Government agency and the organizations are the groups that are operated either privately or by the government for the operation of the task.

The Government agency is defined as a public organization with the task to complete the work for the government.

The Government Contractor is a private business that works for the completion of the government work.

The Government Corporation is given as the establishment for the independent operation of the goods and services supported by the government.

Learn more about Government agency, here:

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4 0
2 years ago
How is the federal income tax a progressive tax?
natima [27]

It is because you always have to pay it. The federal income tax is what the govt charge to take care of United States. It will never go away, you will always have to pay it. That is why it is called a progressive tax.

6 0
3 years ago
For the past six years, the price of Slippery Rock stock has been increasing at a rate of 8.21 percent a year. Currently, the st
Licemer1 [7]

Answer:

3.44 percent

Explanation:

Required return = Dividend yield + growth rate

Dividend yield = Required return -  growth rate

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Therefore, The dividend yield is 3.44%

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