1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
aleksklad [387]
2 years ago
6

Harvey quit his job at State University, where he earned $62,000 a year. He figures his entrepreneurial talent or forgone entrep

reneurial income to be $4,000 a year. To start the business, he cashed in $50,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 10,000 units of software at $72 for each unit. Of the $72 per unit, $60 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building. The accounting profit of Harvey's firm in the first year was: _________
Business
1 answer:
Liula [17]2 years ago
5 0

Answer:

Accounting profit = 120,000

Explanation:

Accounting profit = total revenue - explicit costs

Accounting profit = 72*10,000 - 60*10,000

= 720,000 - 600,000 = 120,000

You might be interested in
Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is
omeli [17]

Answer: E) Both answers B and D are correct.

Explanation:

Inflation using the Consumer Price Index is calculated by;

= (CPI in current year - CPI in previous year) / CPI in previous year

Year 2 Inflation = (100 - 90) / 90

= 11%

Year 3 Inflation = (110 - 100) / 100

= 10%

7 0
3 years ago
Dont give some bolonie long answer just say a, b, c , or d and If you don’t now or you think you now don’t answer thanks
Vitek1552 [10]

Answer:

your answer is

B. This is a heading

good luck :)

7 0
3 years ago
The goal of an mnc is to maximize the ________.
SashulF [63]

Answer: Option C

                 

Explanation: In simple words, the goal of an MNC is to maximize the wealth of its shareholders which can be achieved only when the value of that company increases overall.

The increase in value of a subsidiary will only increase the benefit of the stakeholders of that subsidiary while earnings is considered as a temporary benefit in corporate world.

Hence from the above we can conclude that the correct option is C.

3 0
3 years ago
George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished a
Alik [6]

Answer:

how to allocate resources among his four stores.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

In this scenario, George owns four dry cleaning stores in the suburbs of Orlando, Florida. He recently updated his STP analysis and has finished adjusting his marketing mix based on the STP results. His next strategic marketing decision will most likely involve determining how to allocate resources among his four stores.

5 0
3 years ago
A tile manufacturer has supplied the following data: Boxes of tiles produced and sold 520,000 Sales revenue $ 2,132,000 Variable
Greeley [361]

Answer:

vdf

Explanation:

vnfdhhddhehejejrjrjrjrjrjrrururrirjriririrkrkrkr

3 0
3 years ago
Other questions:
  • Leslie Bradley is an entrepreneur with a small business in Little Rock, Arkansas. Working with a local engineer/inventor, Leslie
    8·1 answer
  • Maria wants to become a computer programmer. What SMART, short-term goal could she set for herself
    9·2 answers
  • Provide three examples of how busineses respond to the corona pandemic as part of social responsibility
    7·2 answers
  • "The "circuit breaker" on the domestic equities markets to reduce price volatility is INITIATED when the Standard and Poor's 500
    10·1 answer
  • g Suppose Marcia's Manioc Farm is a non-price discriminating monopolist producing manioc and is producing its profit-maximizing
    9·1 answer
  • Delta Screen Corporation is currently operating at 60% of capacity and producing 6,000 screens annually. The normal selling pric
    9·1 answer
  • Ivanhoe Inc., in its first year of operations, has the following differences between the book basis and tax basis of its assets
    11·1 answer
  • What is the difference between an increase in supply and an increase in quantity supplied?.
    12·1 answer
  • QUESTION 1
    12·1 answer
  • Dorian owns a farm and sells potatoes to local restaurants and grocery stores. which phrase describes this information about dor
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!