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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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Which of the following ways of investing/saving is the most liquid?
charle [14.2K]
Savings accounts is the most liquid 
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3 years ago
if aggregate demand is growing faster than long run aggregate supply, the federal reserve is most likely to
Musya8 [376]

Answer:

.sell securities on the open market

Explanation:

Aggregate demand is simply a schedule or a curve. It said to shows the total quantity of goods and services demanded (purchased) at various price level.

Aggregate demand-aggregate supply (AD-AS) model is macroeconomic model that uses aggregate demand and aggregate supply to determine and explain the price level and the real domestic output.

5 0
3 years ago
Northern Air has dozens of flights daily into and out of Belleville Airport, which is highly congested. Northern Air depends for
gladu [14]

Answer:

The answer is E.

Explanation:

Given the information about the airline company Northern Air and their problem with Belleville airport, when we evaluate the options for any disadvantages for Northern Air we can say that;

Option A, being able to schedule flights without stopping for refueling is completely an advantage for Nothern Air.

Option B, the decline of the cost of aviation fuel over the next several years can only cause a problem if the amount they will save from their fuel costs and other costs are going to exceed the amount that will be spent on the Skybuses.

Option C, several mechanics losing their jobs is certainly not the most serious disadvantage Northern Air is going to have from this action.

Option D, the fact that none of Northern Air's competitors in the Belleville Airport are buying Skybuses is not a disadvantage for Northern Air.

Option E, the aerodynamic of the Skybus causing turbulence and therefore leading the delay for the take-off could be a serious disadvantage because of its affects to the company's strict flight schedules.

I hope this answer helps.

4 0
3 years ago
During hyperinflation, the value of money: Multiple choice question. falls slowly rises slowly does not change falls rapidly ris
Vinil7 [7]

The value of money grows fast during hyperinflation.

Hyperinflation is defined by fast and unrestricted price rises in an economy, generally at rates greater than 50% per month over time. In times of war and economic turbulence in the underlying manufacturing sector, along with a central bank creating an excessive quantity of money, hyperinflation can arise.

As essential items such as food and gasoline become limited, hyperinflation can cause price increases.

While hyperinflations are uncommon, once they start, they may quickly spiral out of control.

Therefore, the correct option is rises rapidly.

To know more about hyperinflation click here:

brainly.com/question/1297747

#SPJ4

8 0
2 years ago
Talamoto Co. manufactures a single product that goes through two processes — mixing and cooking. The following data pertains to
Brilliant_brown [7]

Answer:

A. 100,000 equivalent units

Explanation:

Calculation for what the Total equivalent units for Material P under the weighted-average method are calculated to

First step is to calculate the Unit transferred out

Unit transferred out = 28,000+72,000-16,000

Unit transferred out =84,000

Now let calculate the Total equivalent units for Material P

Total Equivalent unit of material P = 84,000+16,000

Total Equivalent unit of material P = 100,000

Therefore the Total equivalent units for Material P under the weighted-average method are calculated to 100,000 equivalent units

7 0
2 years ago
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