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
r-ruslan [8.4K]
3 years ago
5

I own a factory which I could lease for $100,000 per year. Instead I use it for my own business making PlayDo figures. I earn $2

00,000 per year selling my PlayDo figures ... the PlayDo costs me $1,000 per year. If I were not making PlayDo figures I would be working as a bouncer at the Foothill Cafeteria making $99,000 per year (....it's a tough crowd). Considering only these expenses... My accounting profits as a PlayDo artist are:
Business
1 answer:
Bezzdna [24]3 years ago
5 0

Answer:

$199,000

Explanation:

According to the scenario, computation of the given data are as follow:-

We can calculate the accounting profit by using following formula:-

Accounting Profits = Total Sales - Cost

By putting the value we get,

= $200,000 - $1,000

= $199,000

According to the analysis, his accounting profits as a play do artist are $199,000.

You might be interested in
Dealing with the fact that certain aspects of any management situation are more important than others is called
luda_lava [24]

Answer:

Recognition of priorities

Explanation:

Management involves planning, organizing, controlling, supervising, a group of people which could be an entire team, workers or some fractions of workers in an environment to achieve organizational goals. An entrepreneur which is among the factors of production is indeed someone who manages, supervise the other factors of production, keeping an environment in which people work and achieve the goals of production.

Management is a profession and as such skill set to recognizing when some aspects of management becomes important than others and when some goals need to be given more attention to achieving the overall organizational goals can describe as Recognition of priorities.

Recognition of priorities brings some other important aspects of management into focus leaving out the less important ones cancelled or put on hold so as to save time and maximize labor efficiency.

3 0
3 years ago
In the presence of producer producer rivalry the price will tend to be ___.
vodomira [7]

Answer:

The correct answer is letter "A": be driven to a lower price.

Explanation:

Typically, when there is a producer to producer competition, the competing companies tend to <em>lower </em>their product prices. This happens because of the belief consumers are mainly price driven at the moment of discriminating in choosing to buy one good over another. Though, it allows consumers to at least have a couple of sources from where to choose at a fair price.

6 0
3 years ago
Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 20 percent for the next three years, with the growth
user100 [1]

Answer:

The  current share price is $71.05

Explanation:

P3 = D3(1 + g)/(R – g)

    = D0[(1 + g1)^3](1 + g2)/(R – g)

    = [$1.45*(1.20)^3(1.08)]/(0.11 – 0.08)  

    = $90.20

The price of the stock today is the PV of the first three dividends, plus the PV of the Year 3 stock price given by:  

P0 = $1.45(1.20)/1.11 + $1.45[(1.20)^2]/1.112 + $1.45[(1.20)^3]/1.113 + $90.20/1.113

    = 1.568 + 1.695 + 1.832 + 65.958

    = $71.05

Therefore, The  current share price is $71.05

7 0
3 years ago
On January 1 st, you make plans to travel to Switzerland the following summer. The direct quote for Swiss francs is $0.30.Since
konstantin123 [22]

Answer:

On January 1st, the $3,000 could buy 10,000 Swiss francs (3,000/0.3).

On June 1st, the $3,000 would buy 7,500 Swiss francs (3,000/0.4).

Explanation:

On January 1st, each Swiss francs could only purchase $0.30 while on June 1st, each Swiss francs could purchase $0.40.

These show that the Swiss francs had appreciated in value relative to the US Dollars with a positive change of 33%.  Therefore, the dollar had weakened against the Swiss francs by the same rate.

6 0
3 years ago
Read 2 more answers
Suppose that a firm's long-run average total costs of producing hand-crafted chairs is $300 when it produces 10,000 chairs and $
erastova [34]

Answer:

Coordination Problem

Explanation:

Below is the given values:

Average total cost of producing 10000 chairs = $300

Average total cost of producing 11000 chairs = $325

The coordination problem arises when an increase in total output increases the average total cost due to the non-coordination of the inputs used in the production process. Therefore coordination is correct answer.

6 0
3 years ago
Other questions:
  • The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr
    7·1 answer
  • At the beginning of the year, Ilberg Company estimated the following costs: Overhead $416,000 Direct labor cost 520,000 Ilberg u
    15·1 answer
  • According to the video, how long does an architecture program usually take to complete?
    15·2 answers
  • Lisa sells kitchen furniture through her website. While her sales are stable, she's concerned that they're not keeping pace with
    15·2 answers
  • The R-W-W Framework is used to screen new products. R-W-W stands for:
    15·1 answer
  • UPS has more than 300 rules, regulations, and standard operating procedures that guide the behavior of its drivers. They use ___
    14·1 answer
  • Baxter Company's merchandise inventory at the start of 2014 was $85,000. The company purchased inventory during 2014 in the amou
    13·1 answer
  • An information system that provides relevant data to help businesspeople choose the appropriate course of action is called a(n _
    5·1 answer
  • 29. Fiona has initiated a project to establish a company website for interactive electronic commerce that encourages customers t
    12·1 answer
  • Which of the following is a part of the triple bottom line?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!