Lincoln, Inc., which uses a volume-based cost system, produces cat condos that sell for $140 each. Direct materials cost $22 per
1 answer:
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Answer:
The rate of return to an investor in the fund=0.088*100=8.80%
Explanation:
Given Data:
NVA at the start of the year==$12.50
NVA at the end of the year=$12.10
Distributions of income and capital gains =$1.50
Required:
The rate of return to an investor in the fund=?
Solution:
Rate of return=
The rate of return to an investor in the fund=0.088*100=8.80%
Answer:
c. $240,000
Explanation:
Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).
Her monthly revenue is:
Her opportunity cost is:
Her economic profit is:
The answer is c. $240,000.