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Could someone calculate the weekly accounting and weekly economic profits assuming the business owner completely paid off the loan on the assembly line, the machinery
Could someone calculate the weekly accounting and weekly economic profits assuming the business owner completely paid off the loan on the assembly line, the machinery and equipment, and that his property taxes were waived by the city for current fiscal year and also assume there are 6 days in a single workweek and that the owner's salary at his past job was $1,400 per week. Lease on Building: $130 Material Costs per unit of Output: $8 Interest on Loan: $80 # of Employees: 6 Hourly Wage: $15 Workday: 10 Hours Insurance: $40 Utilities: $30 Property Taxes: $20 Daily rate of Output: 50 Units Market Price per unit of Output: $90 From this information of what applies...what is the weekly total revenue, weekly fixed costs, and weekly labor costs? Also provide formulas please so that I can check if my calculations are correct, thank you
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