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alukav5142 [94]
3 years ago
5

You are considering opening a small flower store. You anticipate that you will earn $100,000 each year in revenue. It will cost

you $30,000 each year to rent the space necessary to run your business. Additionally, you will need to spend $10,000 each year on flower seeds, utilities, and other expenses necessary to operate your flower shop. You have just graduated from college with a degree in economics and have received an offer to work for a firm with a yearly salary of $70,000.
What is your anticipated economic profit of opening the flower shop?
Based on this information, you ________ open the flower store.
Business
1 answer:
Anarel [89]3 years ago
8 0

Answer and Explanation:

The computation of the economic profit is shown below:

Economic profit = Revenue from flower shop - costs of a flower shop - salary of the job

= $100,000 - ($30,000 - $10,000) - $70,000

= -$10,000

As there is an economic loss so you should not open the flower store

Therefore the same would be considered

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The ​short-run market supply curve shows the quantity supplied by all the firms in the market at each price when​ _____.
Pani-rosa [81]

Answer:

The ​short-run market supply curve shows the quantity supplied by all the firms in the market at each price when each firm's plant and the number of firms remain the same.

Explanation:

The short-run market supply curve is derived from each invidividual short-run supply curve at a given price, stating it as the sum of the quantities supplied by all the firms at this price.

If each firm's plant and the number of firms remain the same, you can calculate the market supply curve.

3 0
4 years ago
With the CEO and driver of the company—Howard Schultz—stepping down as the company’s unquestioned leader, do you expect Starbuck
Komok [63]

Answer:

The short answer to that is No, Starbucks will not change its foreign market entry strategy.

Explanation:

The reasons are as follows:

  1.  did Howard Schultz lose his shares when he stepped down? This is highly unlikely and according to the rules of corporate governance may depend on his contract. So stepping down as the chairman does not necessarily translate to losing control.
  2. Corporations such as Starbucks: don't just up and change direction. Strategies are usually vetted by the board of directors. Whoever the majority shareholder is (corporate person or individual) will always have a say regarding the expansion of the business.
  3. Howard Schultz has stepped down in 2018. At that time, Starbucks had a total of 28,000 stores in 77 countries. Currently, there are 15,000 in 50 countries. This reduction didn't happen because Howard stepped down but because of the recent pandemic which hit the globe in 2020.

Cheers

8 0
3 years ago
The local skydiving team is buying new parachutes. the team's coach has invited all team members to make recommendations, after
Sonja [21]

I guess the correct answer is consultative

The local skydiving team is buying new parachutes. The team's coach has invited all team members to  make recommendations, after which he will select the successful vendor. The skydiving team's buying  center has a(n) consultative organizational culture.

8 0
3 years ago
A manufacturing company expects to sell 12,000 units in August and 15,000 units in September. The company desires to have an end
nikklg [1K]

Answer:

16,000

Explanation:

The amount of inventory to be produced is dependent on the projected sales, the expected opening and ending balances.

If the company desires to have an ending inventory of 80% of the next month's sales. It means that the ending inventory for August

= 80% × 15,000

= 12,000 units

Let the units to be produced in August be G, then;

8000 + G - 12000 = 12000

G = 12000 + 12000 - 8000

= 16000 units

The company should produce 16,000 units in August.

5 0
3 years ago
Jackson ski equipment receives an invoice for $10,000 worth of merchandise from one of its suppliers. the invoice has discount t
ipn [44]
The answer is <span>$10,000.
</span><span>discount terms of 2/10, net/60 indicates that the discount of 2% will only apply if the payment is being done within 10 days.
Since the payment is being done 20 days after, the full price of the purchase must be paid by Jackson Ski.</span>
4 0
4 years ago
Read 2 more answers
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