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
Sati [7]
3 years ago
6

last year, jarod left a job that pays $80,000 to run his own bike repair shop. jarod’s shop charges $65 for a repair, and last y

ear the shop performed 4,000 repairs. jarod’s production costs for the year included rent, wages, and equipment. jarod spent $60,000 on rent and $120,000 on wages for his employees. jarod keeps whatever profit the shop earns but does not pay himself an official wage. jarod used $25,000 of his savings to buy a machine for the business. his savings were earning an annual interest rate of 6 percent.
Business
1 answer:
irinina [24]3 years ago
6 0

The accounting profit of Jarod based on the information regarding rent, wages, etc given will be $55000.

It should be noted they the formula for calculating accounting profit will be:

= Total revenue - Explicit cost

Total revenue will be:

= $65 × 4000

= $260,000

Explicit cost is the direct cost that a business spends. This will be:

= $60000 + $120000 + $25000

= $205,000

Therefore, the accounting profit will be:

= $260000 - $205000

= $55,000

The accounting profit is $55000.

Read related link on:

brainly.com/question/25373796

You might be interested in
One of the benefits of ics is that it provides an orderly, systematic ___________ process.
mr_godi [17]

The correct answer is planning.

The benefits of ICS stands for Incident command system.

ICS helps  to ensure that the efficient use of resources. The safety of responders, community and efficient use of resources. ICS can be utilized as a natural disaster or as Human caused hazard or a technological hazard.

ICS has some principles and features which include resources and facilities, resource management, accountability and planning which include management.

ICS helps to ensure that there is full utilization of all incident by making sure that there is integrated communication, and by maintaining span control which  is manageable.

4 0
3 years ago
Read 2 more answers
What do investors use the income statements of organizations for?
Ivenika [448]

Answer:

Investors use income statements to determine the profitability of a company over time. ... This is the amount that a company would pay shareholders, per share, if the company paid out all of its net income as dividends.

Explanation:

5 0
3 years ago
Brokers differ from insurance agents in that ____
leva [86]

Answer: Option A          

Explanation: A broker refers to a person or a firm who charges fees from the investors for executing their purchase and sale transactions. The broker sometimes also charge their customers for their consultancy services.

Whereas insurance agents refers to the person who sell the insurance policies to the general public and in return gets commission from the insurance company on the premiums paid by the insured.

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

8 0
3 years ago
Robert and Jenny are coworkers who enjoy flirting with each other while at work. They both view their actions as harmless fun, a
WINSTONCH [101]

Answer:

The correct answer is letter "A": True.

Explanation:

Sexual harassment in the work field does not only involve the fact of one individual chasing another for sexual purposes. It also implies any other set of intimacy activities that can bother others at work such as couples flirting. Most jobs, do not allow sentimental relationships within the work-frame. Some even fire employees found in relationships at work.

Thus, if one of Jenny and Robert's coworkers feel uncomfortable for their flirting,<em> they can be guilty of sexual harassment</em>.

4 0
3 years ago
You invent of a new type of cat-walking leash. You choose a market segmentation approach and decide to target the international
Nezavi [6.7K]

Refine your approach by going back to the drawing board.

Answer: Option B.

<u>Explanation:</u>

The essential issue with this methodology is that you are thinking about the entire world as your customer, and not Coke has such a wide methodology. So as to successfully characterize an objective market (a genuine one), you should follow some fundamental advances:  

1. take a gander at your ebb and flow client base: this progression doesn't make a difference to this circumstance legitimately, however you can look through data about comparable items offered by the challenge.  

2. break down your item: what is it precisely that you are advertising? what necessities would you say you will fulfill?  

3. characterize a particular segment focus on: the entire world is my objective market doesn't have any significant bearing here. You need to pick certain segment components to attempt to figure out who is destined to buy your item.  

4. examine the psycho graphics of your expansive objective: psycho graphics incorporate the individual qualities of your latent capacity target showcase, for example adores creatures, caring individuals, and so on.  

5. in the wake of finishing stages 1-4, consider if your objective market is excessively expansive or excessively tight, and make any adjustments dependent on your abilities and necessities.

4 0
3 years ago
Other questions:
  • Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negot
    10·1 answer
  • What happens to the equilibrium price when supply go down
    15·1 answer
  • Adventure holidays sells thousands of tour packages each month through its branches. a branch manager's salary would be a(n) ___
    8·1 answer
  • REM Real Estate received a check for $27,000 on July 1 which represents a 6 month advance payment of rent on a building it rents
    14·1 answer
  • A review of the accounting records of Solomon Manufacturing indicated that the company incurred the following payroll costs duri
    5·2 answers
  • How is the labour market different from other markets
    10·1 answer
  • How does the nurse manager or leader play a role in the reengineering of health care?
    10·1 answer
  • Finland Inc has the following Accounts Receivable Aging on March 31 Aging BucketCurrent1-90 days91-180 days181-365 days366 days
    11·1 answer
  • Jose loses his credit card at a crowded city park. He notifies his credit card company immediately. Five days later, $4,507 is c
    11·1 answer
  • Grey, Inc., uses a predetermined rate to apply overhead. At the beginning of the year, Grey budgeted its overhead costs at $220,
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!