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nata0808 [166]
2 years ago
11

Lauren is the owner of a bakery. Last year, her total revenue was $145,000, her rent was $12,000, her labor costs were $65,000,

and her overhead expenses were $15,000. If she could earn $53,000 working for another bakery nearby, we know that her economic profit was A) $53,000. B) $65,000 ? C)$0. D) $145,000.
Business
1 answer:
Eddi Din [679]2 years ago
7 0

Answer:

So if you subtract the cost of everything for her bakery she still comes out with making 53,000, so if she left she would not earn any profit because she would be making the same.

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g A foreign factory has offered to supply with ready-made baskets for a price of $12 per basket. Assume that fixed costs are una
cluponka [151]

Answer:

The answer is "$5500".

Explanation:

Analysis Differential:  

                                             Make                            Buy

Cost of variable                        800\times 7 \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ = 5600  

Fixed- cost                             16000\ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ \ 16000

Purchasing cost                                                    800\times 12\ = 9600

Cost of opportunity            \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \ 9500  

Total relevant cost                    31100 \ \ \ \ \ \ \ \ \ \ \ \ \  \ \ \ \ \ \ \ \ \  25600

Increasing operating income = 31100-25600 = 5500

4 0
2 years ago
Flagler Corporation shows a total of $650,000 in its common stock account and $1,120,000 in its paid-in capital in excess of par
8090 [49]

Answer:

130000 shares issued

Explanation:

Shares issued = Total par value / Par value per share

= $650,000 / $5

= 130000 shares issued

8 0
3 years ago
Yohann lost his job due to the recession. He is still financially secure due to investments he made several years ago. What kind
xenn [34]
I believe that the kind of example that Yohann is setting is the importance of financial planning. So before Yohann lost his job, he was thinking ahead and set a lot of money aside throughout his working years for a rainy day. He couldn't predict that something bad like a recession was going to happen, but he was still prepared for it nevertheless. The other answers do not apply here.
3 0
3 years ago
Read 2 more answers
When calculating tax revenue calculate the area between the total price paid by blank and the net price received by blank from z
MrRissso [65]

Answer:

consumers; suppliers

Explanation:

Tax revenue is defined as the revenues collected from taxes on various different types of incomes. When calculating tax revenue calculate the area between the total price paid by consumers and the net price received by suppliers from zero to the quantity traded. This will provide the final tax revenue for the company.

8 0
3 years ago
Classify each of the following items as either :
grigory [225]

Answer:

A. Current liability

1. 60-day promissory note.

2. Salaries payable.

3. FICA taxes payable.

4. Income taxes payable.

5. Accounts payable.

B. Long-term liability

1. Note payable due in full in two years.

C. Not a liability

1. Payment of a 4-year term loan due this year.

2. Payment of a 30-year term loan due this year.

Explanation:

Current liability refers to a short-term liability that is that is due for a payment within a year.

Long-term liability refers to a liability that is that is due for a payment more than one year in the future.

Not a liability - This implies that a liability is no longer a liability the moment a payment is made for it or the moment it is paid.

Based on the above, we therefore have:

A. Current liability

1. 60-day promissory note.

2. Salaries payable.

3. FICA taxes payable.

4. Income taxes payable.

5. Accounts payable.

B. Long-term liability

1. Note payable due in full in two years.

C. Not a liability

1. Payment of a 4-year term loan due this year.

2. Payment of a 30-year term loan due this year.

6 0
2 years ago
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