If the owner of the drugstore hired a manager for $10 an hour to take his...

  

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If the owner of the drugstore hired a manager for $10 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? www b. Economic profits per month? Total (gross) revenues per month less explicit costs: Cost of merchandise sold Wages to cashier, stock, and delivery help Rent and utilities Taxes Total explicit costs Accounting profit (revenue minus explicit costs) less implicit costs: Wages of owner-manager, 300 hours @ $10 per hour Return on inventory investment, 10% per year on $120.000 Total implicit costs Economic profit (revenue minus all costs) $ 27,000 $ 17,000 2,500 800 700 $ 21,000 $ 6,000 $ 3,000 1.000 $ 4.000 $ 2,000 A If the owner of the drugstore hired a manager for $10 an hour to take his place, how much of a change would show up in If the owner of the drugstore hired a manager for $10 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? www b. Economic profits per month? Total (gross) revenues per month less explicit costs: Cost of merchandise sold Wages to cashier, stock, and delivery help Rent and utilities Taxes Total explicit costs Accounting profit (revenue minus explicit costs) less implicit costs: Wages of owner-manager, 300 hours @ $10 per hour Return on inventory investment, 10% per year on $120.000 Total implicit costs Economic profit (revenue minus all costs) $ 27,000 $ 17,000 2,500 800 700 $ 21,000 $ 6,000 $ 3,000 1.000 $ 4.000 $ 2,000 A If the owner of the drugstore hired a manager for $10 an hour to take his place, how much of a change would show up in

Answer rating: 100% (QA)

a Accounting profits per month Additional wage expense Manager... View the full answer