Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 09, 2022

Table Cost.1.2: Amount Interest Rate Loan #1- Loan #2- $25,000 2.40% $40,000 3.00% Owner's Last Job Wage $52,000 Labor - $9.000 Ingredients - $42,000

Table Cost.1.2: Amount Interest Rate Loan #1- Loan #2- $25,000 2.40% $40,000 3.00% Owner's Last Job Wage $52,000 Labor - $9.000 Ingredients - $42,000 Rents - $20,000 Total Revenue - $200.000 According to information in Table Cost.1.2 where loans are used for establishing the firm, economic profits is about O $13,705 O $12,405 O $10.20O O $12.605

Step by Step Solution

★★★★★

3.41 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

Loans 25 000 ... 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

Step: 3

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

Essentials of Econometrics

Authors: Damodar Gujarati, Dawn Porter

4th edition

73375845, 978-0071276078, 71276076, 978-0073375847

More Books

Students also viewed these Accounting questions

Question

★★★★★

Amount in Dollars Amount in Dollars Sales 1 00 000 79 900 Cost of goods sold 47 500 39 950 Operating expenses 750 500 Selling expenses 9 500 9 000 Administrative expenses 12 000 12 000 Net income 30...

Answered: 1 week ago

Question

★★★★★

How would you go about a research design for Interpretivist (qualitative) , needs to be in detail Research Design Research design is defined as a framework of methods and techniques chosen by a...

Answered: 1 week ago

Question

★★★★★

Wheels, Inc. manufactures bicycles sold through retail bicycle shops in the southeastern United States. The company has two salespeople that do more than just sell the products - they manage...

Answered: 1 week ago

Question

★★★★★

The following information is available for Marigold's Hot Dogs: Actual production Budgeted production Standard direct labor hours Actual direct labor hours Standard variable overhead rate Actual...

Answered: 1 week ago

Question

★★★★★

Suppose a firm has a tax loss in the current period of $10 million, which when added to prior tax losses gives it an NOL carry forward of $15 million. The top statutory tax rate for the foreseeable...

Answered: 1 week ago

Question

★★★★★

The goal-setting step in the planning phase of the strategic marketing process sets quantified objectives for use in the evaluation phase. What does a manager do if measured results fail to meet...

Answered: 1 week ago

Question

★★★★★

=+c) Compute the CV and RRR for each decision.

Answered: 1 week ago

Question

★★★★★

After closing revenues and expense, Alomar Company shows the following account balances. Dividends ...... $22,000 Retained Earnings .. 70,000 Income Summary ... 36,000 (credit balance) Prepare the...

Answered: 1 week ago

Question

★★★★★

Your firm has clients named Danny and Mary. They are married and have two dependent children. They also fully support Mary's mother, who lives with them and has no income. Their 2010 tax and other...

Answered: 1 week ago

Question

★★★★★

A. J. Smith Company started business on January 1, 2024, and the following transactions occurred in its first year: 1. On January 1, the company issued 12,000 common shares at $25 per share. 2. On...

Answered: 1 week ago

Question

★★★★★

2. Given the function below, what would be the domain of the function's inverse? -0.75 05 0:25 1/2 0 -0.25 -0.5 -0.5 x0.5 -0.75 IT 211/2 2TT All values of x except x = except x = +n, n = Z x2 2

Answered: 1 week ago

Question

★★★★★

Solve the triangle. A=49,b=8,c=9 a= (Do not round until the final answer. Then round to the nearest tenth as needed.) B= (Do not round until the final answer. Then round to the nearest degree as...

Answered: 1 week ago

Question

★★★★★

Discuss some aspect of the source (http://new-courses.justice.eku.edu/OSH/OSH366/Docs/OSH366W6_SickBuildingSyndrome.pdf) that you found interesting and why

Answered: 1 week ago

Question

★★★★★

Fortune Inc., a manufacturer of plastic materials useful for various textile company, expended P2,050,000 in research and development costs which resulted to a new formula which makes its plastic...

Answered: 1 week ago

Question

★★★★★

a force 4 5 0 N is applied to a small piston of area 5 0 cm ^ 2 on a hydraulic jack. the hydraulic jack is required to lift a load 1 8 9 3 . 2 N . Calculate the area of the larger piston using...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

INCLUDE asmLib.inc yearlyBalance PROTO . data promptBalance BYTE "Enter your balance " , 0 promptRate BYTE "Enter the interest rate ( like 5 . 0 ) " , 0 promptYears BYTE "Enter the number of years "...

Answered: 1 week ago

Question

★★★★★

Prove the result that the R 2 associated with a restricted least squares estimator is never larger than that associated with the unrestricted least squares estimator. Conclude that imposing...

Answered: 1 week ago

Question

★★★★★

Consider formulas (B.32) and (B.33). Let X stand for the rate of return on a security, say, IBM, and Y the rate of return on another security, say, General Foods. Let s2X = 16, s2Y = 9, and r = -...

Answered: 1 week ago

Question

★★★★★

Consider the following set of hypothetical data: Suppose you want to do a multiple regression of Y on X2 and X3. a. Can you estimate the parameters of this model? Why or why not? b. If not, which...

Answered: 1 week ago

Question

★★★★★

Prove that has zero mean and unit variance. Note that this is true whether Z is normal or not. !! IZ

Answered: 1 week ago

Question

★★★★★

For the data in golfsrs.dat, estimate the proportion of golf courses that have 18 holes, and give a 95% CI for the population proportion.

Answered: 1 week ago

Question

★★★★★

Which of the following SRS designs will give the most precision for estimating a population mean? Assume that each population has the same value of the population variance S2. 1. An SRS of size 400...

Answered: 1 week ago

Question

★★★★★

To study nutrient content of menus in boarding homes for the elderly in Washington State, Goren et al. (1993) mailed surveys to all 184 licensed homes in Washington State, directed to the...

Answered: 1 week ago

Previous Question Next Question