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Thank you.. It would help a lot. PROBLEMS 1. Below is an annual income statement of Julian's Online Clothing Store. Julian is already working full

Thank you.. It would help a lot.

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PROBLEMS 1. Below is an annual income statement of Julian's Online Clothing Store. Julian is already working full time in the store and P300,000 of his money has been used (invested) to buy the store and stock it with merchandise. Julian just turned down a job offer to manage a store that will pay him P250,000 per year. He did not pay himself a salary in 2019. According to the data: A. Is Julian's Online Clothing Store generating a positive, zero, or negative accounting profit for 20197 Show supporting calculations. B. What do you think are Julian's implicit costs (i.e., what are these benefits Julian is willing to forego)? C. Assume that the interest was 12% annually in the money/funds market recalculate Joe's total opportunity costs. D. What was the economic profit (or loss of Julian's Online Clothing Store in 2019? E. Evaluate the business performance based on economic profit. Revenues Costs Sales P550,000 Wholesale clothing P300,000 Inventory Adjustment 20,000 Equipment 20,000 Labor 150,000 Utilities and insurance 10,000 Total Revenues P570,000 Total Costs $480,000 2. Consider the following data of Speedy Delivery Service. Speedy DS needs to find out the productivity and associated cost of hiring various levels of drivers. Output is measured in deliveries to clients (i.e., # of delivery rides to and from client destination) per week and each driver is paid P4000 per week (Speedy's only variable cost). Complete the table below and answer the following questions. Labor Output MP AP AVC MC 0 0 8 2 18 32 4 52 5 68 76 80 82 A. What is AP of four drivers? B. What is the MP of the 6" driver? C. What is the AVC of providing 80 rides per week? D. What is the MC of increasing delivery services from 52 to 68 rides per week? E. What is the additional amount of output gained from hiring the fourth worker

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