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the equity of the corporation, a measure of the value of its assets less debt, is estimated to be 200000. linda forgoes a return

Elodia [21]

Answer:

Economic profit = $5000

Explanation:

given data

value of assets less debt = 200000.

return = 10% per year

total revenue this year = 295000

solution

we consider here that

payroll wage and salaries = $100000

interest paid = 40000

depreciation on equipment = 80000

supplies utility = 50000

so here we get first Total cost that is

Total cost = payroll + interest paid + depreciation + supplies .................1

put here value and we get

Total cost = 100000 + 40000 + 80000 + 50000

Total cost = $270000

Thus,

Accounting profit = Total revenue - total cost ..............2

Accounting profit = 295000 – 270000

Accounting profit = $25000

and we know Opportunity cost is

Opportunity cost = 10% of $200000

Opportunity cost = 10% × 200000

Opportunity cost = $20000

so here Economic profit will be

Economic profit = accounting profit - opportunity cost ..............3

Economic profit = 25000 - 20000

Economic profit = $5000

5 0

3 years ago

FDIC is:

seropon [69]

Answer:

c) A government insurance program that will pay back account holders if the bank or lending institution fails

Explanation:

The FDIC is an acronym for Federal Deposit Insurance Corporation. It was founded by Franklin Roosevelt on the 16th of June, 1933.

FDIC is a government insurance program that will pay back account holders if the bank or lending institution fails.

The income generated from the premium payments of insured banks is used to fund or finance the FDIC.

5 0

3 years ago

Read 2 more answers

A fast-food restaurant has determined that the chance a customer will order a soft drink is 0.90. The proba- bility that a custo

azamat

Answer:

(a) The probability that the order will include a soft drink and no fries is 0.45.

(b) The probability that the order will include a hamburger and fries is 0.48.

Explanation:

Let the events be denoted as follows:

S = an order of soft drink

H = an order of hamburger

F = an order of french fries.

Given:

P (S) = 0.90

P (H) = 0.60

P (F) = 0.50

(a)

It is provided that the event of ordering a soft drink and fries are independent.

If events A and B are independent then the probability of event (A ∩ B) is:

$P(A\cap B)=P(A)\times P(B)$

Compute the probability that the order will include a soft drink and no fries as follows:

$P(S\cap \bar F)=P(S)\times P(\bar F)\\=P(S)\times[1-P(F)]\\=0.90\times (1-0.50)\\=0.45$

Thus, the probability that the order will include a soft drink and no fries is 0.45.

(b)

It is provided that the conditional probability that a customer will order fries given that he/she has already ordered a hamburger as, P (F|H) = 0.80.

The conditional probability of an event B given another event A has already occurred is:

$P(B|A)=\frac{P(A\cap B}{P(A)}$

Compute the probability that the order will include a hamburger and fries as follows:

$P(F|H)=\frac{P(H\cap F)}{P(H)}\\P(H\cap F)=P(F|H)\times P(H)\\=0.80\times 0.60\\=0.48$

Thus, the probability that the order will include a hamburger and fries is 0.48.

6 0

3 years ago

Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and

alisha [4.7K]

Answer:

The correct word for the blank space is: public.

Explanation:

A public corporation has sold stock through an Initial Public Offering (IPO) to the public and that stock is currently traded on a public stock exchange or the Over-The-Counter (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

5 0

3 years ago

Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?

rusak2 [61]

At the end of given period the gross profit method is required to estimate inventory.The valuation become invalid when the following are not available.the value for the beginning of inventory,records of purchase made, the total sale during the period and the gross profit margin.

5 0

3 years ago