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taurus [48]
3 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]3 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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Answer:

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Explanation:

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Since in the question it is mentioned that manager permit the assitant to make the decision but also scheduled the weekly meeting

So here the manager represent the leadership attribute

6 0
3 years ago
Ed has a summer beach cottage that he has owned for many years. the cottage is valued at $ 75 comma 000. this​ year, ed spends ​
mezya [45]

is this all of the equation?

3 0
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Which statement defines equilibrium in a graph showing demand and Supply curves? <br>​
NemiM [27]

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3 years ago
The right side of the balance sheet shows the firm's liabilities and stockholders' equity. Which of the following best describes
Leokris [45]

Answer:

1. Equity is the difference between the company's assets and liabilities.

2. D. $83

Explanation:

Req. A

We know,

The accounting equation is

Total asset = total liabilities + total stockholders' equity

Therefore, total asset - total liabilities = total stockholders' equity

So, we can say that equity is the difference between the company's assets and liabilities. However, equity cannot be claimed before the liabilities. Therefore, the option "A" is the correct answer.

Req. B

                          Now Inc.

      Statement of retained earnings

For the year ended, December 31, 20XX

Beginning retained earnings (Last year)                $527

Add: Net Income (Current year)                                 176

Less: Dividend (Balancing)                                   <u>     </u><u>(83)</u>

Ending retained earning (Current year)                 $620

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The field of accounting that reports according to generally accepted accounting principles (GAAP) is called:cost accounting.fina
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Answer:

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2 years ago
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