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likoan [24]
3 years ago
13

Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t

o be $2,000 per year. the kayaks he owns are valued at $25,000, but he experiences 10% annual depreciation on them. he will also use building space that he owns, but, to do so, he must give up the $10,000 per year in rent he used to receive for the space. revenue is expected to equal $100,000 per year. sid's economic profit is:
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
4 0

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

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A job application is a form used to make a job request. (3 points)<br> True<br> False
TEA [102]

Answer:

I would say it is True.

Explanation:

A job application <em>form</em> states your personal information

4 0
3 years ago
Gidgits Galore had advertised its product as child safe around the time that the lead paint was found in the gidgits manufacture
Ira Lisetskai [31]

Based on the information given, it can be deduced that the advertisement was inappropriate, therefore Gidgits Galore will be held responsible. The correct option is false.

From the information given, it can be inferred that even though the product wasn't safe, the company advertised the product as being safe. This is wrong and therefore, the company will be held responsible.

Demand letter is when an individual requests payment for money owed for loss of or damage to property, back rent, repayment of a bad check or payment to compensate for defective goods, etc.

In conclusion, a demand letter is simply used to state a legal claim.

Learn more about advertisements on:

brainly.com/question/1020696

7 0
2 years ago
Chen Company’s Small Motor Division manufactures a number of small motors used in household and office appliances. The Household
liq [111]

Answer:

a. $11

b. $35

c. If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

Explanation:

The minimum acceptable price is the price that is acceptable to the transferring division and out of a range of acceptable prices, it is that which would be the best for the company.

When there is excess capacity.

Note : No opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11

When there is excess capacity.

Note : Opportunity costs would exist.

Minimum acceptable price = Variable Cost - Internal Savings + Opportunity Cost

                                            = $11 + ($35 - $11 )

                                            = $35

Why Capacity of transferring division (Small Motor Division) has an effect on the transfer price.

If the transferring division does not have excess capacity,this would mean that some units that could have been sold externally would be transferred internally and this creates an opportunity cost. Opportunity costs increase the transfer price.However no opportunity cost exist if transferring division has excess capacity and hence a lower transfer price.

3 0
3 years ago
Jack is a sales professional who is employed in an auto dealership. At the beginning of every year, he and his supervisor determ
padilas [110]

Answer:

Goal-oriented system

Explanation:

Goal orientation means the person or the organization would be focused towards their task and the ending task results. As if the task is perform well than the company would accomplish their goal in less minimum time but if the task is not perform well so there is a chances than the goal could not be achieived.For this, the proper planning & strategy is needed  

Since in the given situation, jack performance appraisal would be partially based upon the customer satisfaction results so here the goal-oriented would be used

6 0
3 years ago
At which point of the business cycle would prices probably be highest?
myrzilka [38]
The answer is during A Peak
6 0
3 years ago
Read 2 more answers
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