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
Kamila [148]
3 years ago
8

Ziva is an organic lettuce farmer, but she also spends part of her day as a professional organizing consultant. As a consultant,

Ziva helps people organize their houses. Due to the popularity of her home-organization services, Farmer Ziva has more clients requesting her services than she has time to help if she maintains her farming business. Farmer Ziva charges $25 an hour for her home-organization services. One spring day, Ziva spends 10 hours in her fields planting $130 worth of seeds on her farm. She expects that the seeds she planted will yield $300 worth of lettuce. Refer to Scenario 13-3. Ziva's economic profit from farming equals a. −$130. b. $170. c. $130. d. −$80.
Business
1 answer:
Kaylis [27]3 years ago
7 0

Answer:

The correct answer is:

-$80 (d.)

Explanation:

in order to calculate this, we have to determine the total income earned from farming, and the total income that could have been earned if Ziva had done her consultancy service, and calculate the difference. This is shown as follows:

farming business

cost of seeds = $130

income from seeds = $300

Net income from farming = 300 - 130 = $170

Home-organizing service

charge per hour = $25

time spent on field that would have been used for consultancy = 10 hours

total amount that would have been earned for consultancy = 25 × 10 = $250

Difference between income earned for farming and the income that would have been earned for home-organizing serving = 170 - 250 = -$80

Note that the negative sign is there because Ziva indulged in the activity with the lesser income so she effectively made an economic loss instead of  a profit (she made a negative profit).

You might be interested in
What are the quantitative and qualitative techniques available to help planning
RSB [31]

Answer:

Common quantitative methods include experiments, observations recorded as numbers, and surveys with closed-ended questions. ... Common qualitative methods include interviews with open-ended questions, observations described in words, and literature reviews that explore concepts and theories

Explanation:

6 0
3 years ago
A company purchased a plant asset for $53,000. It has a salvage value of $3,000 and annual depreciation expense of $5,000. It ca
marshall27 [118]

Answer:

The remaining useful life of the asset is = 10 - 3 = 7 years

Explanation:

The straight line method of depreciation charges a constant depreciation expense through out the useful life of the asset. The formula for depreciation expense under this method is,

Depreciation expense = (Cost - Salvage value) / Estimated useful life of the asset

Plugging in the values for depreciation expense per year, cost and salvage value, we can calculate the total expected life of the asset.

5000 = (53000 - 3000) / estimated useful life of the asset

estimated useful life of the asset = 50000 / 5000

estimated useful life of the asset = 10 years

As the accumulated depreciation  balance is of 15000, the depreciation for 15000/5000 = 3years has been charged.

The remaining useful life of the asset is = 10 - 3 = 7 years

3 0
3 years ago
Please it is pyscology questions please help me with this​
Anestetic [448]

Answer:

not even a little

Explanation:

Ido you know what is physics

6 0
3 years ago
"The nature and purpose of the public sector result in a unique organizational characteristics". Discuss
alex41 [277]

The correct answer to this open question is the following.

Although the question is incomplete because it does not provide the location, country, or any other further reference, we can say the following.

The nature and purpose of the public sector result in unique organizational characteristics, basically in the formation of bureaucracies that are a form of governmental and administrative organizations with many employees and hierarchies that more that improve management and operations, complicate it and make it slow due to the fact that the number of people working is numerous.

Experts say that this is not the more efficient and effective form of managing governmental offices. On the contrary, it is slow and inefficient.

3 0
4 years ago
If a 20 percent increase in the price of red bull energy drinks results in a decrease in the quantity demanded of 25 percent, th
yanalaym [24]

The correct answer is that the price elasticity of demand is elastic.

Price elasticity occurs when a change in price results in a change in demand. In this example, a 20 percent increase in the price of the drinks resulted in a 25 percent decrease in the demand for the product. Because the price increase resulted in a demand decrease the price is elastic.

4 0
3 years ago
Other questions:
  • Milden Company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. As
    10·1 answer
  • Which of the following statements is true of semiglobalization?
    5·1 answer
  • As a function of management, "facilitating" is:
    8·1 answer
  • _______ can provide guidance when organization members are uncertain about whether an action is ethical. The communications mana
    14·1 answer
  • In Coronado Company, total materials costs are $38,000, and total conversion costs are $54,480. Equivalent units of production a
    8·1 answer
  • In preparation for developing its statement of cash flows for the year ended December 31, 2018, Millennium Solutions, Inc. colle
    8·1 answer
  • Why would an analyst include among other things, airplane parts, legal services and software, in an analysis of international ec
    6·1 answer
  • Barney, a manager, is very conventional, resistant to change, habitual, and does not accept new ideas very easily.This implies t
    9·1 answer
  • ________ communication is a form of two-way communication, a dialogue.
    5·1 answer
  • Actual payroll posts simultaneously as a commitment, obligation, expense, and disbursement (COED) by means of a Journal Voucher
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!