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Free_Kalibri [48]
2 years ago
12

Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $3.00 per cup, and his average tot

al cost is $2.60, what are Bobby's economic profits for the day
Business
1 answer:
salantis [7]2 years ago
7 0

Answer:

$0.60

Hope this helps!!

Please tell me if I have made an error, I enjoy learning from my mistakes

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Vaughn Manufacturing started business in 2012 by issuing 209000 shares of $21 par common stock for $28 each. In 2017, 25500 of t
marshall27 [118]

Answer:

A. $153,000

Explanation:

The Journal Entry is shown below:-

Property Dr,                                          $1,173,000

          To Treasure stock                     $1,020,000

           To additional paid-in-capital    $153,000

The computation is given below:-

For Property

= 25,500 × $46

= $1,173,000

For Treasure stock

= 25,500 × $40

= $1,020,000

For Additional paid-in-capital

= $1,173,000 - $1,020,000

= $153,000

6 0
2 years ago
As a result of developments in the workplace,
vagabundo [1.1K]
I feel that D would be the correct answer because of new technology
8 0
3 years ago
Suppose you are at a restaurant and your favorite dish costs $20. You are willing to pay up to $17 for your next favorite dish.
Andreyy89

Answer:

$17 gives 100 utils

So, $1 gives 100/17 utils

which implies that $20 gives (100/17)*20 = 117.65

So additional utils = $117.65 - $100 = $17.65

Hence, $17.65 is the additional utils

Explanation:

4 0
3 years ago
Read 2 more answers
The following transactions occurred during May, the first month of operations for Hunter Products, Inc: * Issued 54,000 shares o
Montano1993 [528]

Answer:

$414,000

Explanation:

Calculation of balance of cash account:

Issuance of capital stock to the        $648,000

owners of the corporation  

Cash down payment for purchase   ($170,000)

a piece of lane

Cash payment on the note payable <u>($64,000)</u>

from the purchase of land

Balance in the Cash account           $414,000

at the end of May

7 0
3 years ago
Which statement best describes the performance of mutual funds over the last 4 or 5 decades? A. While some mutual fund managers
madam [21]

The correct option is (d).

  • Choosing the best mutual funds by comparing performance of mutual funds against a benchmark index.
  • Money market funds, bond funds, stock funds, and target date funds are the four primary categories into which most mutual funds fit.
  • Each variety has unique characteristics, dangers, and benefits.
  • The rate of return is subtracted from the risk-free rate of return for the investment, and the result is divided by the return on investment's standard deviation.
  • The Sharpe ratio tells investors if an investment's results are the result of prudent investing decisions or an outcome with excessive risk.

Learn more about mutual funds performance brainly.com/question/9000802

#SPJ4

7 0
2 years ago
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