5-5 TIME TO REACH A FINANCIAL GOAL You have $33,556.25 in a brokerage account, and you

Musashi lives in Philadelphia and runs a business that sells pianos. In an average year, he receives $704,000 from selling piano

Gnoma [55]

Answer:

Explicit costs are actual costs which Yakov must make while implicit costs are opposite of explicit costs, Implicit costs are opportunity costs.

Grouping them, we have the following;

•The wages and utility bills that Yakov pays. => Explicit costs

•The salary Yakov could earn if he worked as a paralegal.=>Implicit Costs

•The wholesale cost for the pianos that Yakov pays the manufacturer. => Explicit costs

•The rental income Yakov could receive if he chose to rent out his showroom =>Implicit Costs

2) Yakov's accounting and economic profit of his piano business.

Profit($)

Acct Profit.......... Economic Profit

$14,000. .............. -$9,000 (loss)

•Yakov's accounting profit will be his revenue - explicit costs.

Therefore accounting profit=

$704,000 - ($404,000 - $286,000) = $14,000

• Yakov's economic profit will be (accounting profit - (rent + forgone salary)

Therefore, accounting profit =

$14,000 - ($3,000+$20,000) = -$9,000

4 0

3 years ago

_____ runs a computer and allows people to use the computer to perform specific tasks, such as creating letters, preparing budge

Komok [63]

Software runs a computer and allows people to use the computer to perform specific tasks, such as creating letters, preparing budgets, managing inventory and customer databases.

<h3>What enables users to perform specific tasks on a computer?</h3>

Application software, also known as an application or an app, is computer software designed to help the user to perform specific tasks.

Examples include enterprise software, accounting software, office suites, graphics software and media players.

Many application programs deal principally with documents.

Software is a set of instructions, data or programs used to operate computers and execute specific tasks.

It is the opposite of hardware, which describes the physical aspects of a computer.

Software is a generic term used to refer to applications, scripts and programs that run on a device.

To learn more about Software, refer

https://brainly.ph/question/2347771

#SPJ4

6 0

1 year ago

Krazy Kayaks sells its entryminuslevel kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per

Daniel [21]

Answer:

Net operating income= 565,000

Explanation:

Giving the following information:

Krazy Kayaks sells its entry-level kayaks for $750 each. Its variable cost is $500 per kayak. Fixed costs are $25,000 per month for volumes up to 1,100 kayaks. Above 1,100 kayaks, monthly fixed costs are $60,000.

Sales= 2,500*750= 1,875,000

COGS= (500*2,500)= (1,250,000)

Gross profit= 625,000

Fixed costs= (60,000)

Net operating income= 565,000

7 0

2 years ago

Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies, and

inn [45]

Answer:

The correct answer is d) Identifying and Typing Resources

Explanation:

Resource management preparedness involves four key activities: inventorying resources; Qualifying, certifying, and credentialing personnel; Identifying and typing resources; Planning for resources and Acquiring, storing.

Identifying and typing resources requires collaboration and coordination across organizations to manage resources including personnel, equipment, teams, supplies and facilities.

7 0

2 years ago

What is the total value of Company H's stock?

dmitriy555 [2]

Answer:

Insufficient data

Explanation:

Suppose x represents the total value of Company H's stock

Here, we need to find out : value of x.

(1) Investor P owns $\small \frac{1}{4}$ of the shares of Company H's total stock

i.e. Investor P's amount in H's stock = $\frac{1}{4}x$

We did not give P's investment.

Thus, data is insufficient to find value of x.

(2) The total value of Investor Q's shares of Company H's stock is $16,000.

Q's share in company H's stock = $16,000

There is no relation between x and Q's share given,

Thus, data is insufficient to find value of x.

Now, when we combined the data (1) and (2),

We still can not find the value of x.

Because, there are also other investors in stock H other than P and Q.

Hence, the data is inadequate to find total value of Company H's stock.

6 0

3 years ago