Table Cost.1.2: Amount Interest Rate Loan #1- Loan #2- $25,000 2.40% $40,000 3.00% Owner's Last Job...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
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 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
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
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...
-
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...
-
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...
-
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...
-
On November 28, 1990, Federal Reserve Chairman Alan Greenspan told the House Banking Committee that despite possible benefits to the U.S. trade balance, ''a weaker dollar also is a cause for...
-
When rounding a curve in a fast- moving car, we experience a feeling of being thrown outward (Fig. 7.27). It is sometimes said that this effect occurs because of an out-ward centrifugal...
-
Kate Miller owns a dance studio in Los Angeles, California. Students can buy access to the dance classes by paying a monthly fee. Unfortunately, many of Kates students are struggling actors and...
-
The Production Department of Hruska Corporation has submitted the following forecast of unit to be produced by quarter for the upcoming fiscal year: Each unit requires 0.2 direct labor-hours and...
-
Exercises 1. Greenland Sdn Bhd is a property development company in Malaysia. It has acquired a piece of land in Kuala Lumpur to build a condominium which will be completed in the next three years....
-
The paralegal is assigned the task of preparing an office legal memorandum. The memorandum is due in 10 days, and there is a 5-page limit. The facts and law are as follows: Facts: Mary was Tom's...
-
1. At the instant shown, the 4 lb. collar is moving up the rod at 6 ft/s. Determine the speed of the collar when it reaches point O if the spring has a stiffness k 50 lb./ft and an unstretched length...
-
Explain how the work of a client's internal auditors might affect the work of the independent auditor and state the determining factors that should be considered.
-
State the wording in the opinion paragraph that differentiates each of the four types of opinions that may be expressed.
-
a. Identify two categories of departures from the auditor's standard report. b. Identify three types of circumstances that require a departure from the auditor's standard report and indicate the type...
-
How is compliance with the four standards of reporting of GAAS indicated in the auditor's standard report?
-
a. What are the seven basic elements of the auditor's standard report? b. What is the significance of the date of the auditor's standard report?
-
Notation: Var Variance; sd = standard deviation; cov = covariance; Corr = correlation and E = expected value 1. Explain briefly three types of data and give an example for each = 2. If X {10, 15, 17,...
-
You are standing at x = 9.0 km and your assistant is standing at x = 3.0 km. Lightning bolt 1 strikes at x = 0 km and lightning bolt 2 strikes at x = 12.0 km. You see the flash from bolt 2 at t = 10...
-
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 = -...
-
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...
-
Prove that has zero mean and unit variance. Note that this is true whether Z is normal or not. !! IZ
-
The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Meadow, Inc.: Required Using this information, give detailed descriptions,...
-
The financial statements for the Columbia Sportswear Company can be found in Appendix A at the end of this book. Required Answer the following questions: a. How many shares of common stock are...
-
Egghead, Inc., was a software chain that had over 100 stores across the U.S. Initially its founders and employees owned the company privately. The company eventually went public with an initial...
Study smarter with the SolutionInn App