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Marysya12 [62]
3 years ago
13

Suppose that a firm earned​ $500,000 in total revenue. At the same​ time, it incurred labor costs of​ $200,000; economic depreci

ation of​ $50,000; normal profit of​ $75,000; interest paid to the bank of​ $25,000; and used other factors of production that cost​ $100,000. The economic profit earned by the firm equals:
Business
1 answer:
Scorpion4ik [409]3 years ago
3 0

Answer: $50,000

Explanation:

Given the following ;

Total Revenue = $500,000

Labor cost = $200,000

Economic Depreciation = $50,000

Normal profit = $75,000

Interest paid to bank = $25,000

Other cost of production = $100,000

Economic profit = (Total revenue - labor cost - economic Depreciation - normal profit - interest paid to bank - other production cost))

Economic profit =$ (500,000 - 200,000 - 50,000 - 75,000 - 25,000 - 100,000)

Economic profit = $50,000

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Answer:

Complementary goods are goods that are consumed together

If the supply of Jelly increases, the supply curve for jelly shifts rightward. As a result of the rightward shift, price decreases and quantity increases.

Because jelly and peanut butter are complements, an increase in the supply leads to an increase in the supply of peanut butter.

the supply curve of peanut butter shifts outward also. As a result of the rightward shift, price decreases and quantity increases.

Explanation:

4 0
3 years ago
Company X got a loan of e4,000,000. The company agreed repay this loan as follows: a first payment of e2,400,000 one year from n
evablogger [386]

Answer:

The cost of loan is $600000.

Explanation:

The loan amount = 4000000

The cost of loan refers to the interest rates and other charges that borrower pays. So in the given question first installment is 2400000 in the first year and second installment is 2200000. Here, lets assume any amount other then actual amount of loan amount is the amount spent on loan.  

So, the cost of loan = (2400000 + 2200000) – 4000000 = $600000

7 0
3 years ago
M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of
Zina [86]

Answer:

Explanation:

M2-28. Computing and Comparing Income and Cash Flow MeasuresPenno Corporation recorded service revenues of $200,000 in 2020, of which $170,000 were on credit and $30,000 were for cash. Moreover, of the $170,000 credit sales for 2020, Penno collected $20,000 cash on those receivables before year‑end 2020. The company also paid $25,000 cash for 2020 wages. Its employees also earned another $15,000 in wages for 2020, which were not yet paid at year‑end 2020. (a) Compute the company’s net income for 2020; and (b) how much net cash inflow or outflow did the company generate in 2020? Explain why Penno’s net income and net cash flow differ.

7 0
3 years ago
Dimitri has several apple trees in his yard, and apples are a perfectly competitive market with a price of $2 per pound. if dimi
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The total revenue and the marginal revenue when he sells the 100th pound of apples is 
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So the answer is the total revenue of Dimitri is $200 while the marginal revenue is $2.
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3 years ago
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Answer:

The explanation is given below:

Explanation:

According to this situation it can be defined as

Pursuant to U.C.C. § 3-203, transfer of instrument is when an instrument is delivered by a person other than an issuer for the purpose of giving to a receiver the right to enforce the instrument. The transfer vests in a transferee the transferor's right to enforce the instrument. The rights include the right as a holder in due course. However, the transferee cannot acquire rights of a holder in due course by a transfer, directly or indirectly, from a holder in due course if the transferee engaged in fraud or illegality affecting the instrument. When an instrument is transferred for value , a transferee does not become a holder because of lack of indorsement. Moreover, when a transferor purports to transfer less than the entire instrument, the negotiation of the instrument does not occur.

The best response of Fannie mae’s to this argument is because Becky Smith signed a note and she cannot own that property as the note was in country home loans name and he defaulted payment under that law.

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