Answer:
Lake's operating income is $120000
Explanation:
Operating income is the income generated by the operations of company less its operating cost. Another name that is used for operating income is Earnings before interest and tax (EBIT). The charges or income relating to non operating or financing activities is not included in the operating income and nor is the tax deduction included.
The formula for operating income = Sales - Cost of Sales - operating expenses.
The operating expenses here, are = Advertising + Salaries + Utilities
Thus, operating expenses = 60000 + 55000 + 25000 = $140000
The Operating Income = 440000 - 180000 - 140000 = $120000
Answer:
The value added per cookie is $0.175.
Explanation:
In order to obtain the value added per cookie, we have first to calculate how much did she spend for producing each cookie. She spent a total of $265 on the cookies production (
). So, if she obtained a total of 200 cookies, the cost per cookie is equal to $1.325 (
). Finally, the value added per cookie is 
.
Answer:
The correct answer is letter "B": The car is a scarce good.
Explanation:
Scarcity is the basic economic problem by which individuals have unlimited needs but finite resources to fulfill them. Scarce goods are those not easy to find, in danger of extinction or, when talking about products, which manufacturing implies long and usually expensive processes.
Thus, <em>the type of vehicle Jane is trying to purchase can be considered scarce since its the dealership does not have it usually in its inventory. Otherwise, Jane would have had the car at the moment of the buy.</em>
Answer:
Each Whovillian would be willing to consume up to four bottles of Zlurp, since the firth bottle will only yield a utility equivalent to $1, while the price is $1.50. Consumers will always be willing to purchase products as long as the price of the product is equal to or less than the utility perceived by the consumers.
Each Whovillian's consumer surplus = ($5 - $1.50) + ($4 - $1.50) + ($3 - $1.50) + ($2 - $1.50) = $3.50 + $2.50 + $1.50 + $0.50 = $8
Answer:
Amount of money invested is $2,000 and $4,000
Explanation:
In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.
Let the amount of money invested in both accounts be a and b respectively.
Mathematically;
A + B = 6000 ......I
Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.
Formula for simple interest is I = PRT/100
Let’s apply this to what is on ground:
5*1* a/100 = 5a/100
Second is
9*b*1/100 = 9b/100
That is 5a + 9b = 38,000. ........ii
Solving Both simultaneously as follows:
Let A = 6000-b from 1
Substitute this into 2
5(6000-b) + 9b = 38,000
30,000 -5b + 9b = 38,000
4b = 8,000
b =$2000
This means a would be 6000 - 2,000 = $4000
