Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate the correct answers and briefly explain the reasonings As an accountant. yourjob is to maintain your clients' accounting ledgers. Total Revenues (3) 900,000 Total

Calculate the correct answers and briefly explain the reasonings

image text in transcribedimage text in transcribed
As an accountant. yourjob is to maintain your clients' accounting ledgers. Total Revenues (3) 900,000 Total Costs (3) Wages and Salaries 750,000 Risk-free return of 2% on owner's capital of $950,000 19,000 Interest on bank loan 50.000 Cost of supplies 150.000 Depreciation of capital equipment 30,000 Additional wages the dentist owner could have earned in her next best alternative 0 Risk premium of on the owner's capital of $950,000 One client has submitted the above information to you. but the last line of the table is missing.You know that the rm is currently earning economic prots equal to -$146.500. Your answers should include only numbers. Do not include the $ or the comma L) in your answer. In totalI the rm's explicit costs are equal to $ The missing number that should go in the right column of the last row of the table [below the zero) is $3 The rm is currently earning accounting prot equal to $3 . Include the negative sign if applicable. A golf ball factory is producing 400 golf balls at the moment, where their average total cost is $0.85 and their average variable cost is $0.65. When their output level rises to 525 golf balls, their average variable cost is $0.48. . The firm's total cost of producing 525 golf balls is $ Round to the nearest dollar. Do not include the $-sign. The firm is currently producing 525 golf balls, with marginal cost equal to $0.25. If their goal is to produce the output level associated with the lowest average total cost, the firm should their output level. Choose from: increase, decrease, maintain. Type in the word answer exactly as it is spelled in the choices given

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Marketing

Authors: Philip R Cateora, John Graham, Mary Gilly

18th Edition

1260547876, 9781260547870

More Books

Students also viewed these Economics questions

Question

1. What does this mean for me?

Answered: 1 week ago