1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kati45 [8]
3 years ago
5

Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs w

ere $200,000 (assume that this amount represents the total opportunity cost of these resources). During the year she received offers to work for other design firms. One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. Lashondra's economic profit is equal to:
Business
1 answer:
NeTakaya3 years ago
4 0

Answer:

The answer is: $70,000

Explanation:

Economic profit is defined as the difference between the accounting profit earned from selling products or services and the opportunity costs (or implicit costs).

The formula used to calculate economic profit is:

accounting profit - implicit costs = economic profit

were accounting profit = total revenues - explicit costs

($400,000 - $200,000) - $130,000 = $70,000 Lashondra´s economic profit

You might be interested in
Kevin thought the laptop was priced too high, but when he found out that it came with a free printer, he decided it was worth th
tiny-mole [99]

Answer:

The correct answer is: door in the face.

Explanation:

The door-in-the-face technique takes place when an individual requests something more than what is offered but the offering is eventually turned down. However, the individual turning down the initial request usually places a reasonable counteroffer so the firs subject complies.

6 0
3 years ago
Match each term on the left with the best definition on the right. Note: Not all definitions will be used. A detailed record of
Masteriza [31]

Answer:

the answer is the 1st with the 3rd 2nd with the 1st 3th with the 4th and4th with 2nd

Explanation:

i think

7 0
2 years ago
For accounting errors, which of the below sentences is true?
Monica [59]

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

7 0
3 years ago
A wage increase of $3000 per year is most likely to increase the subjective well-being of people who currently earn ________ per
topjm [15]

Answer:

12,000

Explanation:

6 0
2 years ago
You should always read the fine print before signing a contract.
Bess [88]
I would say yes, because a person would want to know fully what they are getting into.  
6 0
3 years ago
Read 2 more answers
Other questions:
  • Read the passage. What should Jake do? What professionalism skills would he be using?
    13·1 answer
  • During the current fiscal year, jeremiah corp. signed a long-term noncancellable purchase commitment with its primary supplier.
    6·1 answer
  • Money must be very difficult to counterfeit, that is, to: Group of answer choices: A. convert into another form of currency. B.
    11·1 answer
  • Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts receivable decrease
    15·1 answer
  • Discuss some ways a large insurance company such as allstate, progressive, or state farm might use social media tools such as mi
    13·1 answer
  • g A person with a diminishing marginal utility of income: Group of answer choices will be risk neutral will be risk averse will
    11·1 answer
  • 3. Which part of a letter identifies the address of the person writing the letter
    9·1 answer
  • Consider this scaled figure of a swimming pool. The dimensions of the original pool are 24 feet wide by 36 feet long.
    8·2 answers
  • You are planning a graduation trip to mexico. Other things the same, if the dollar appreciates relative to the peso, then:.
    12·1 answer
  • Charlie is a manager who, every week, has to review and approve reports, monitor the performance of subordinates, set the vision
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!