FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please please can you help me with this question...... if you done this fast and correct i will give you a helpful rate its my

please please can you help me with this question...... if you done this fast and correct i will give you a helpful rate its my promise

REMEMBER DONT USE CHAT GPT OTHERWISe YOU WILLBEREPORTED!

image text in transcribed
Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $76,000/year, his true passion is for cheese. The table displays Reggie's expenses from 2018. Please use the information provided to answer the questions. Revenue from 2018 $90.000 Rent $18.000 Equipment $6.000 Supplies $3,000 What is Reggie's accounting profit? What is Reggie's economic profit

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_2

Step: 3

blur-text-image_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

Energy, Trade And Finance In Asia A Political And Economic Analysis

Energy, Trade And Finance In Asia A Political And Economic Analysis

Authors: Justin Dargin, Tai Wei Lim

1st Edition

1317322711, 9781317322719

More Books

Students also viewed these Economics questions

Question

★★★★★
Ponzi Corporation has bonds on the market with 14.5 years to maturity, a YTM of 6.1 percent, and a current price of $1,038. The bonds make semiannual payments. What must the coupon rate be on these...

Answered: 1 week ago

Question

★★★★★
Show that being only well-formed does not guarantee serializability.

Answered: 1 week ago

Question

★★★★★
As consumers become more careful about the foods they eat, food processors try to stay competitive by avoiding excessive amounts of fat, cholesterol, and sodium in the foods they sell. The following...

Answered: 1 week ago

Question

★★★★★
Sam Cresco, president of Cresco Company, has instructed Sharon Gross, the head of the accounting department for Cresco Company, to report the company's land in the company's accounting reports at its...

Answered: 1 week ago

Question

★★★★★
What is the command that will show you the last 15 commands you have typed?

Answered: 1 week ago

Question

★★★★★
x=4 You work for a company that manufactures centrifugal pumps, and you are part of an engineering team that is responsible for improving the productivity. The company is planning to upgrade their...

Answered: 1 week ago

Question

★★★★★
Q2 The following system works to lift a specific load. It transmits the movement from the worm (A, 600rpm) to the worm gear (B, 90 teeth) and then to the small sprocket (C, 40 teeth) attached to it...

Answered: 1 week ago

Question

★★★★★
Digna Co., a subsidiary of Shell Corpo. Began operations at the beginning of 2014. The functional currency of Digna Co. is the Italian lira; the functional currency and reporting currency of Jill...

Answered: 1 week ago

Question

★★★★★
For many years professional football players have earned on average less than half of what professional baseball players earned. Using economic reasoning, how can this fact be explained?

Answered: 1 week ago

Question

★★★★★
Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date Activities Units Acquired at Cost Units Sold at Retail June 1 Beginning...

Answered: 1 week ago

Question

★★★★★
Here is the income statement for Ivanhoe, Inc. Ivanhoe, Inc. Income Statement For the Year Ended December 31, 2025 Net sales $449,500 Cost of goods sold 211,500 Gross profit 238,000 Expenses...

Answered: 1 week ago

Question

★★★★★
2. What do the others in the network want to achieve?

Answered: 1 week ago

Question

★★★★★
1. What do I want to achieve?

Answered: 1 week ago

Question

★★★★★
3. To understand a method for achieving personal communication mastery.

Answered: 1 week ago

Previous Question Next Question