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
Darina [25.2K]
2 years ago
14

Larry worked as a lab tech and made $51,000 per year. However, he and his wife Lana had always dreamed of opening a bowling alle

y. After Larry is hit by a bus and gets a $1,000,000 settlement they decide that life is too short!! He quits his job and they open Larry and Lana’s Lanes. With the settlement money, he is able to secure a loan to purchase a lot and build the bowling ally of their dreams. He now pays $2500 a month on his business loan for the property. Had he invested the million dollars he would have made 7% interest yearly. Lana works at the lanes for free- but prior to the bus accident had been applying for minimum wage jobs with an average salary of $18,000 per year. Their insurance costs are 5,000 a year. They hire five full- time staff each making $1,500 a month. Their average cost for food and beverages come out to $8,000 a month. The lanes require a monthly maintenance contract of $200 a month.
The bowling ally brings in $370,000 of revenue the first year, and $300,000 the second year.
Identify Larry and Lana’s fixed and variable costs?

Solve for:
Explicit costs:

Implicit Costs

Accounting Profit for Year 1 and Year 2


Economic Profit Year 1 and Year 2

What level of Total Revenue would represent a normal profit? ___________________
Given these facts, does it make sense for Larry and Lana to continue with the Lanes? Explain.


What advice would you offer to Larry and Lana?
Business
1 answer:
vladimir2022 [97]2 years ago
6 0
I actually don’t know
You might be interested in
Sub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free bra
oee [108]

ah yes the great "Business" move

5 0
2 years ago
Read 2 more answers
In preschool one day, 5 children decided to help each other build a fort with the items that were available to them. each child
Marina CMI [18]
This is an example of associative play.
It means that the children are in the same location, but not necessarily close to each other or playing together. Each of these kids has their own plan and agenda of how to bring the plan to fruition, and they are not really cooperating in order to build the fort.
5 0
2 years ago
Please answer the question posted in the image
GarryVolchara [31]

Answer:

its c

Explanation:

8 0
2 years ago
Panco, a U.S. entity, has a subsidiary, Sanco, located in a foreign country. Sanco's operations are concentrated in the country
Arte-miy333 [17]

$15,600 is the amount (in 000) of Sanco's sales in U.S. dollars

Explanation and Solution :

Because translations can be used to translate the financial results of Sanco presented in FCUs to U.S. dollars, transactions will be translated using the rate of exchange in effect at the time of each transaction or the weighted average exchange rate for the year.

In this scenario, the weighted average exchange rate for the duration shall be given as

1 FCU = $1,300.

The right dollar sum of revenue to Sanco will then be

12,000 FCUs x $1,300 = $15,600.

8 0
2 years ago
Are there absolute truths and values that transcend time and space? If yes where might these come from?
Natasha2012 [34]

There are a few absolute truths and values that transcend time and space including and most of these are related to mathematics and science.

<h3>What are some absolute truths?</h3>

Absolute truths are those that will not change and are considered the unbiased truth regardless of the situation.

Some absolute truths include:

  • The Earth is a sphere.
  • There are no squares which are circles.
  • Time is finite.

These are all related to the the Math and Science subjects because these subjects aim to discover the rules of the Universe.

Find out more on absolute truths at brainly.com/question/939355.

8 0
2 years ago
Other questions:
  • Not all moving violations will appear on your driving record
    12·2 answers
  • The manager of a manufacturing company knows that they will need a new machine in one of their factories. The new machine will c
    6·1 answer
  • Consider a 11-period binomial model with R=1.02R=1.02, S_0 = 100S 0 ​ =100, u=1/d= 1.05u=1/d=1.05. Compute the value of a Europe
    15·1 answer
  • Why the aggregate demand curve slopes downward
    5·1 answer
  • Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume
    11·1 answer
  • Billed a customer 4500 for work completed to date log as what on t-account
    9·1 answer
  • Explain the following definition of marketing ethics
    14·1 answer
  • If a firm earns $9,000 in long-run, then what type of market structure does this firm belong to?
    14·1 answer
  • simon and jeffrey are a married couple. they had taken title of a condo before they married with simon owning 30% and jeffrey ow
    7·1 answer
  • alderwood company has provided the following information prior to any year-end bad debt adjustment: cash sales, $455,000 credit
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!