A, all of above because they are all the study of economics
At the Saint Francis Hospital, an adult education director
uses What-if analysis to evaluate the interactions of
variables that contribute to the profitability of various potential seminars. A
What-If Analysis is the process of altering the values in cells to see how
those changes will affect the outcome of formulas on the worksheet.
Winston Baker will put $25,000 into his sister's new spa. In six years, he will have tripled his investment. Winston has been promised a 20% rate of return.
<h3>What is meant by Rate of returns?</h3>
- The annual rate of return is the percentage change in an investment's value. For instance, if you assume a 10% annual rate of return, you are assuming that the value of your investment will rise by 10% each year.
- A rate of return (RoR) is the net gain or loss of an investment over a given time period expressed as a percentage of the initial cost of the investment.
- When you calculate the rate of return, you are calculating the percentage change from the beginning to the end of the period. ROI is calculated by subtracting the initial cost of the investment from the final value, dividing the result by the cost of the investment, and finally multiplying it by 100.
To learn more about Rate of returns, refer to:
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Answer:
a. What are the firm's weekly economic profits?
- The company's weekly economic profit = total revenue - total accounting cost - total opportunity costs = (600 units x $40) - $6,000 = $24,000 - $6,000 = $18,000
b. What is the firm's marginal cost?
- since the firm is maximizing its profits, its marginal revenue = marginal cost. Since the marginal revenue of the last unit sold was $25, then the marginal cost of the last unit sold must also be $25.
c. What is the firm's average total cost?
- the firm's average total cost = total cost / total output = $6,000 / 600 units = $10 per unit
Explanation:
The preparation of the direct labor budget is presented below:
Patrick Inc.
Direct labor budget
Direct labor budget: January February March Total Unit
Unit to be produced 43,800 41,000 50,250 135,050
Direct labor hours per
unit 0.3 0.3 0.3 0.3
Total direct labor
hours $18 $18 $18 $18
Direct labor cost $236,520 $221,400 $271,350 $729,270
