Question: Tom borrowed $ 4 0 , 0 0 0 from his parents to open a donut stand. He agrees to pay his parents a 5

Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the money they lent him. His other yearly fixed costs equals $10,000. His variable cost equal 25,000. He sold 40,000 dozen donuts during the year at a price of two dollars per dozen. Tom's total fixed costs (incl opportunity costs) equal:

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Refer to Scenario 9.2 below to answer the question(s) that follow. SCENARIO 9.2: Tom borrowed $40,000 from his parents to open a donut stand. He agrees to pay his parents a 5% yearly return on the...

Q:

Im having trouble with question 3 part A of the attached file. I know and understand her needs but im not sure if im filling out the table correctly ? Assignment Tier 1 Financial Planning...

Q:

i need help from section 3 part A I have already posted this and you asked me to post under advanced option Assignment Tier 1 Financial Planning (Tier1FPPA_AS_v1A3) Page 2 of 92 Student...

Q:

IVEy Publishing W21115 ZIP: IN NEED OF GROWTH-ORIENTED COMPETITIVE STRATEGIES1 Arpita Agnihotri and Saurabh Bhattacharya wrote this case solely to provide material for class discussion. The authors...

Q:

Winning against Competition: IVEy Publishing W21115 ZIP: IN NEED OF GROWTH-ORIENTED COMPETITIVE STRATEGIES1 Arpita Agnihotri and Saurabh Bhattacharya wrote this case solely to provide material for...

Q:

Assignment Score: 0.00% Questions Save ma7s 17h.ch0.01 Submit Assignment 1 Question of 15 2 Check My Work 3 O 4. The president of Deal Corporation wrote to Byd, offering to sell the Deal factory for...

Q:

Complete Form 1040, Schedule 1, Schedule A, and Schedule Tax Return Scenario Please complete the 2019 federal income tax return for Jude and Scarlett Miller. Ignore the requirement to attach the...

Q:

I have a review for my final for my accounting class. The review didn't include answers. I'm going through it and want to make sure I'm getting the questions correct. I've attached the document with...

Q:

MH0007 0 0 7 7645065 Ca s ey B u rt Fra nk T. R o tha e rm e l Bank of America (in 2010) and the New Financial Landscape Stephanie Milner spent the fall and winter of 2008-2009 like many Americans,...

Q:

What will be the exit strategy for Nantucket Nectars. Explain the financial and growth analysis of the company. ( Please use exhibits to do calculations in excel ) 898-171 Nantucket Nectars It was...

Q:

The Sanchez Computer Center currently has an $10,900 balance in Accounts Receivable. Here is a current schedule of Accounts Receivable: Sanchez Computer Center Schedule of Account Receivable March...

Q:

The following information concerms the intangible assets of Epstein Corporation a On June 30, 2021, Epstein completed the acquisition of the Johnstone Corporation for $2.600,000 in cash. The fair...

Q:

It is acceptable practice to write down inventory to market when market is lower than cost, but it is not acceptable to write up inventory to market when market is higher than cost. Group of answer...

Q:

11) Suppose MP L = 0.5 (q/L) and MP K = 0.5 (q/K). In the long run, the firm will hire equal amounts of capital and labor A) all of the time. B) only when w = r. C) only when w = 0.5 r. D) only when...