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Harrizon [31]
3 years ago
6

A certain firm produces and sells staplers. Last year, it produced 7,000 staplers and sold each stapler for $6. In producing the

7,000 staplers, it incurred variable costs of $28,000 and a total cost of $45,000. Suppose the owner of the business had an offer to work for another firm that raises his opportunity cost by $25,000. The firm's economic profit for the year was
Business
1 answer:
Crank3 years ago
8 0

Answer:

Economic loss=$(28,000)

Explanation

Accounting profit is the difference between total revenue and explicit cost.

Explicit cost refers to all cash and non cash cost incurred to produce the goods and services

Economic profit = sales revenue - explicit cost - implicit cost

Implicit cost is the opportunity cost - the value of the next best alternative sacrificed to produce the product.

The opportunity cost in the case is the worth of the offer to work elsewhere which is equal to $25,000

Economic profit = (7,000× 6) - 45,000- 25,000=$ (28,000)

Economic loss=$(28,000)

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On November 10th, Easton Company sold the Y Company stock for $31 per share. On December 15th, Z Company paid dividends of $0.12
AysviL [449]

Answer:

Find attached complete part  of the question.

The unrealized gains is $3500

Explanation:

Y stock has been disposed and its gains or losses are now realized, and it is not applicable to our computation now.

Unrealized gains or losses is the difference between purchase price of a stock and its current market price

Stock X=($43-$40)*1500=$4500 gains

Stock Z=($21-$22)*1000=-$1000 losses

So unrealized gains overall =$4500-$1000

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Note that the price of stock X  has risen to $43 from initial $40 while that of company  Z has fallen to$21 from the initial $22.

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3 years ago
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Answer:

Sales quantity factor = - $600,000

Unit price factor = $760,000

Explanation:

sales quantity factor is the effect of change in number of units sold with respect to the budgeted price or planned price.

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3 0
2 years ago
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yawa3891 [41]
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As of December 31, 20X14, Eliot Corp. has net income per books of $100,000, which includes municipal bond interest of $4,000, a
muminat

Answer:

Option (e) is correct.

Explanation:

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