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sladkih [1.3K]
3 years ago
12

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p

ersonal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. Pat's accounting profit is _______, and Pat's economic profit is _______.
a) $50,000; $15,000
b) $34,000; -$1,000
c) $34,000; $15,000
d) $15,000; -$1,000
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

B. $34,000; -$1,000

Explanation:

Accounting profit equals total revenue minus explicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 = $34,000.

Economic profit equals total revenue minus the sum of both explicit and implicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 - $35,000 = -$1,000

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Conley Company has fixed costs of $8,151,000. The unit selling price, variable cost per unit, and contribution margin per unit f
cluponka [151]

Answer:

Explanation:

Zoro is 80% and 20%, respectively. Determine the break-even point in units of Yankee and Zoro.

5 0
3 years ago
You can probably use the 1040EZ form, as long as what is true?
AleksAgata [21]
As long as you have no dependents

1040EZ is the simplified tax paying form made by IRS. In order to use it you juts have to select your tax filling status and enter some details for your tax counting.

But if you have a dependent ( like a spouse who claimed that you should pay for your child's education fund) , you can not use 1040EZ
3 0
3 years ago
Read 2 more answers
Bond valuationlong dashSemiannual interest Find the value of a bond maturing in 4 ​years, with a ​$1 comma 000 par value and a c
algol [13]

Answer:

824.28

Explanation:

Market price of a bond is the total sum of discounted coupon cashflow and par value at maturity. This is a 4-year bond with semi-annual payment so there will be 8 coupon payment in total. Let formulate the bond price as below:

Bond price = [(Coupon rate/2) x Par]/(1 + Required return/2) + [(Coupon rate/2) x Par]/(1 + Required return/2)^2 + ... + [(Coupon rate/2) x Par + Par]/(1 + Required return/2)^8

Putting all the number together, we have

Bond price = [(4.5%) x 1000]/(1 + 7.5%) + [(4.5%) x 1000]/(1 + 7.5%)^2 + ... + [(4.5%) x 1000 + 1000]/(1 + 7.5%)^8

                  = 824.28

7 0
3 years ago
In the opinion of the author, an engineer has a moral obligation to whistle blow two additional criteria must be met: the engine
Klio2033 [76]

Answer:

True

Explanation:

Richard De George is known for his work in business ethics. He discussed the conditions to permit whistle-blowing.

According to De George, whistle-blowing is permitted as moral authority when these 3 conditions are met:

1) The harm that will be done by the product [or company action] to the public is severe and considerable.

2) The engineer has told their superiors about their concern

3) The engineer has not received a satisfactory answer from their supervisors and also from other superiors and he is left with no other alternatives.

According to De George, whistle-blowing is mandatory as moral duty when these 2 additional conditions are met:

4) The engineer must have documented evidence that would convince a reasonable observer that his or her view is correct

5) There must be strong evidence that making the information public will in fact prevent the threaten serious harm.

7 0
3 years ago
What are the subjects of economics
Irina-Kira [14]

Answer:

Econometrics.

Economic policy.

Legal studies.

Money and banking.

Global finance.

Economic history.

International trade.

Collective decisions.

Explanation:

I believe this is what you are asking for. Hope this is helpful :).

5 0
3 years ago
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