Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Reder to the table below to answer two questions. The table shows the monthly economic profit of a drugstore. Total [gross] revenues per month $

image text in transcribed
Reder to the table below to answer two questions. The table shows the monthly economic profit of a drugstore. Total [gross] revenues per month $ 27,000 Cost of merchandise bold $ 17.400 Wages to cashin smuch, and dalmay help 2.500 Front and utilities 700 5 21 070 Accounting prof [revenue minus explicit costs) 6,400 Wages of owner manager 300 hours @ $10 per hour 3,00D Roturn on Inventory investment 10%% pail year on $120,500 Intel impet spots 4 060 Loonomic prost [revenue minus al costs] 2.009 If the owner of the drugstore hired a manager for $15 an hour to take his place, how much of a change would show up In; Instructions: Enter your responses as a whole number If you are entering any negative numbers be sure to include a negative sign ( ) in front of those numbers a. Accounting profits per month? b. Economic profits per month

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

Business Law And The Legal Environment

Authors: Jeffrey F Beatty, Susan S Samuelson

4th Edition

0324303971, 9780324303971

More Books

Students also viewed these Economics questions

Question

Discuss brief psychodynamic psychotherapy approaches.

Answered: 1 week ago