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Ierofanga [76]
3 years ago
6

Billy Bob runs a seafood restaurant. Last year, he earned $70000 in revenue. He had explicit costs of $15000. Billy Bob could ha

ve made $30,000 working for the county, and he could have received an additional $20,000 if he had rented out his building and equipment.Calculate Billy Bob’s accounting profit.
Business
1 answer:
olganol [36]3 years ago
6 0

Answer:

Accounting profit= $55,000

Explanation:

Giving the following information:

Last year, he earned $70000 in revenue. He had explicit costs of $15000.

<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>

Accounting profit= 70,000 - 15,000= $55,000

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The most common method for graphing the relationship between two variables is by drawing two __________ lines, where the _______
guapka [62]

Answer:

perpendicular, X-axis, Y-axis

Explanation:

Perpendicular lines are lines that intersect at 90°. lines that a perpendicular always involve a vertical and an horizontal line. the horizontal is the x-axis and horizontal is the y-axis.

Cheers.

6 0
3 years ago
Roman Knoze is considering two investments. Each will cost $20,000 initially. Project 1 will return annual cash flows of $10,000
Artyom0805 [142]

Answer:

NPV= $4,079.63

Explanation:

Giving the following information:

Initial cost= -$20,000

Rate of return= 10%

<u>To calculate the net present value, we need to use the following formula:</u>

NPV= -Io + ∑[Cf/(1+i)^n]

<u>First, we need to discount the cash flows:</u>

PV= Cfn / (1+i)^n

Cf1= 5,000/1.1= 4,545.45

Cf2= 10,000/1.1^2= 8,264.46

Cf3= 15,000/1.1^3= 11,269.72

Total PV= $24,079.63

Now, the NPV:

NPV= -20,000 + 24,079.63

NPV= $4,079.63

6 0
2 years ago
Rauol is a receptionist for The South American Paper Company, which has strict corporate policies on appropriate use of corporat
liq [111]

Answer:

The correct answer is Integrity and Ethical Values.

Explanation:

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) is a joint initiative aimed at providing thought leadership through the development of frameworks and guidance on enterprise risk management and internal control.

The Enterprise Risk Management Framework internal environment aspect ensures that resources are put to work really defines the course of a project. Also, it addresses the need for corporations to enhance their techniques in managing risk in order to meet the increasing demands of a dynamic business environment.

A situation where the receptionist sees the manager putting printer paper and toner (resources) into his briefcase on his way out the door best reflects a weakness in integrity and ethical Values.

8 0
3 years ago
At the end of year 1, Rome Inc. held debt securities classified as available-for-sale securities. The securities were carried at
KiRa [710]

Answer:

The historical cost of the debt securities available for sale was $69,670.

Explanation:

Market value of the securities = $57,320

Cumulative unrealized Loss = $12,350

Historical cost of the securities held for sale = Market Value of the Securites + Cummulative unrealized losses

Historical cost of the securities held for sale = $57,320 + $12,350

Historical cost of the securities held for sale = $69,670

Securities Held for sale are recorded at the fairmarket value and its losses are accumulated. By adding cummulative losses of security to Maerket value of security we can calculate historical cost of the security.

8 0
3 years ago
On January 1, Year 1, Greenfield, Inc. issues $100,000 of 9% bonds maturing in 10 years when the market rate of interest is 8%.
ELEN [110]

Answer:

When using a financial calculator to compute the issue price of the bonds, the applicable periodic interest rate ("I") is 3.923%

Explanation:

Hi, first, the discount interest rate that you have to choose is 8%, because 9% is the coupon rate (which in our case would be 9%/2=4.5% and this is used only to find the amount to be paid semi-annually).

Now we know we have to choose 8%, but this is an effective rate (I know this is an effective rate because no units were mentioned), and by definition it is a periodic rate, but it is not the rate that we need since the payments are going to be made in a semi-annual way, therefore we need to use the following equation.

r(semi-annual)=[1+r(annual)]^{\frac{1}{2} } -1

So, everything should look like this.

r(semi-annual)=[1+0.08]^{\frac{1}{2} } -1=0.03923

Therefore, the periodic interest that yuo have to use to calculate the price of the bond is 3.923%

Best of luck.

8 0
3 years ago
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