A firm has $200 million in total revenue and explicit costs of $190 million. If its owners have invested $100 million in the company at an opportunity cost of 10 percent interest per year, the firm's accounting profit is: A $400 million. B $100 million. $80 million. (D) $10 million. E zero
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- How do firms measure their profit? by the sum of total sales revenue by the total value of outstanding shares of stock by subtracting total costs from total revenues O by subtracting total revenues from total costsWhich of the following terms shows a firm's revenues, costs, and profit over a period of time? O A. the firm's accounting profit OB. the firm's economic proftit C. the balance sheet OD. the income statementHarvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year. He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year. Downloads generated $130,000 in revenue during the first year. What is his accounting profit? Selected Answer: b. $37,000 Answers: a. $50,000 b. $37,000 c. $130,000 d. $43,000 e. $93,000
- A restaurant owner is trying to decide whether tostay open at lunchtime. She has far fewer customers at lunch than at dinner, and the revenue shebrings in barely covers her expenses to buy foodand pay the staff. What do you recommend thatshe do? Explain your reasoning to hera) The table below was extracted from Elegance Holdings Ltd Company costing records. Use the data to answer the questions under. Output (Q) FC TCVC AVCATCAFC 100 0 100 30 100 40 100 55 100 67 100 75 100 88 100 100 100 110 100 121 100 130 1 6 17 18 19 10 Required: For each output, calculate the: i. Total Cost ii. Average Variable Cost iii. Average Total Cost iv. Average Fixed CostQuestion 11 of 16 Wongstah Software Corp. had a net income of $68,000, total revenue of $455,000, and total variable costs of $348,600. a. What were the variable costs as a percent of sales? % Round to two decimal places if necessary b. What was its total revenue at break-even? Round to the nearest cent
- Please answer letter B. Georgina is the owner and manager of a small café with monthly sales of 50,000 HK dollars and a monthly expenses of 42,500 HK dollars. Thus, having an accounting profit of 7,500 HK dollars. A. She could make 10,000 HK dollars a month somewhere else. She does, however, favor running the café. In fact, she would prefer to run the café than do anything else and would even pay up to 2,750 HK dollars per month. Is the café generating a profit, and should she continue running her business? B. Suppose the cafe’s revenues and expenses stay the same, but Georgina can now earn 11,000 HK dollars per month somewhere else. Is the cafe still making a profit? Explain.11 An overview of Apple Inc. history and acomplishments to when it started till now!DQ Saved Не Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate com Meyer Stores carries a specialty line of flavored syrups. One of the most popular of these is raspberry syrup which sells, on average, 55 bottles per week. Meyer's cost is $9 per bottle. Meyer has determined its order cost to be $54 and inventory carrying cost is 20 percent. Meyer is open for business 52 weeks per year. a. What is the EOQ for raspberry syrup? (Round up your answer to the next whole number.) Answer is complete but not entirely correct. EOQ 414 X units b. If Meyer orders the EOQ quantity each time, what will be the inventory turnover rate for raspberry syrup? (Hint Inventory turnover = Annual sales in units / Average inventory in units.) (Round your answer to 2 decimal places.) X Answer is complete but not entirely correct. Inventory turnover rate 13.82 X times per year Prev. 1 of 3 Next >
- at a subscription price of $12.99 per month the peloton app has 874,000 digital subscribers . pelton's accountant is preparing the company's monthly financial statement. what is peloton's monthly total revenue? A.11,353,260 b.873,987 c.874,013 d.67,283Σ 市 T F. apter 12 Saved Help Assume that the most efficient production technology available for making vitamin pills has the cost structure given in the following table. Note that output is measured as the number of bottles of vitamins produced per day and that costs include a normal profit. Output 50,800 $170,000 $0.60 100,800 220,000 1.10 150,800 257,500 1.71 200,800 365,500 2.45 Instructions: Enter your answers rounded to two decimal places. a. What is ATC per unit for each level of output listed in the table? Enter your answers in the table above. b. Are there economies of scale in production? (Click to select) v c. Suppose that the market price for a bottle of vitamins is $1.71. At that price the total market quantity demanded is 301,600,000 bottles. How many firms will be in this industry? firm(s) < Prev 6 of 8 68°F Mostly clear e here to search 查 。 Profile Ball®1.0 F6 F4 F3 F2 F1 %23 $4 8. 4. 5. 3. B.2) You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost schedule: Total Cost $300 301 Quantity Average 600 players 601 Your current level of production is 600 devices, all of which have been sold. Someone calls, desperate to buy one of your music players. The caller offers you $550 for it. Should you accept the offer? Why or why not?
