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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:

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The green giant has a 8 percent profit margin and a 67 percent dividend payout ratio. the total asset turnover is 1.3 times and
Goryan [66]
Profit margin of green giant = 8% = 0.08
 Dividend payout ratio = 67% = 0.67
 Total turnover = 1.3 times
 Equality multiplier = 1.6 times
 First calculate the return of equity = profit margin x turnover x equality
multiplier
 Return of Equity = 0.08 x 1.3 x 1.6 = 0.1664
 Now the sustainable rate of growth = Return of Equity x (1 - Dividend payout ratio)
 Sustainable rate = 0.1664 x (1 - 0.67) = 0.1664 x 0.33 = 0.055
 Sustainable rate of growth = 5.5%
8 0
3 years ago
An upscale organic foods grocery store chain is implementing an information system that will enable it to add same-day home deli
defon

Answer:

paradigm shift

Explanation:

Based on the information provided within the question it can be said that this is an example of a paradigm shift. This term refers to a fundamental change within an a company's or entity's set of discipline or norms of it's basic concepts. Which in this scenario adding same day home delivery drastically changes the basic concept of an in person organic food grocery store as people are able to order online and never have to set foot into the store. Which may even lead the store to close their brick and mortar store and function strictly online.

6 0
3 years ago
Who manages Woolworths
Rasek [7]

Answer:

Christie Koorts the Chief Information Officer, Justin Crowhurst the Chief Financial Officer Woolworths, and Charmaine Huet the Chief Marketing Officer.

8 0
2 years ago
Paying attention to the trends that might impact your future career is called?
salantis [7]
I think the answer would be futurecasting. It is one method used in strategic planning. It involves the practice of perceiving what you future might be looking at present trends and how would this affect the future. Hope this answers the question.
7 0
3 years ago
Supplier power tends to be highest in industries with all of the following attributes: (1) the supplier’s product is vital to bu
kenny6666 [7]

Answer:

the correct answers are

(1) the supplier’s product is vital to buyers;

(2) switching from one supplier to another is very costly

the 3rd answer is INCORRECT.

Explanation:

If there are many suppliers to chose from, then the supplier bargaining power is low.

7 0
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