Homework Answers
Answer
Economic profit =total revenue -total cost
=P*Q-interest on savings -outlay for costs
=12000*3-500000*0.04-14000
=2000
the economic profit is $2000
Option 3
Add Answer to:
1 pts Question 47 **Sam took $500,000 out of the bank and used it to start...
Name: ID: A Scenario 13-2 Zach took $400,000 out of the bank and used it to...
Name: ID: A Scenario 13-2 Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000 12. Refer to Scenario 13-2. Zach's accounting profit for the year was a. $-494,000. b....
9. Zach took $200,000 out of the bank and used it to start his new cookie...
9. Zach took $200,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 17,000 boxes of cookies for $5 per box. Also, during the first year, the cookie business incurred costs amounting to $50,000. a. What was Zach’s accounting profit for the year? b. What was Zach’s economic profit for the year? c. Should Zach continue with his...
Question 47 To start a new business, Wima intends to borrow $22,700 from a local bank....
Question 47
To start a new business, Wima intends to borrow $22,700 from a
local bank. If the bank asks her to repay the loan in 7 equal
annual instalments of $5,132.72.
Determine the bank’s effective annual interest rate on the loan
transaction. With annual compounding, what nominal rate would the
bank quote for this loan? (Round answer to 0 decimal
places, e.g. 15%.)
Effective annual interest rate
%
Nominal rate
Testbank, Question 73
Josh Ackerman, having saved up a...
Question 30 1 pts Sam has two jobs, one for the winter and one for the...
Question 30 1 pts Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. During the winter months, what is Sam's opportunity cost of taking an hour off work to go skiing? O $13 O $11-$13 O <$11 O >$13 Question 31...
D Question 8 1 pts Case 2 Jim resigns from his job, from which he was earning $40,000 per year, and then uses his o...
D Question 8 1 pts Case 2 Jim resigns from his job, from which he was earning $40,000 per year, and then uses his own savings as the only source of capital to start a new firm. In the first year, his revenue is $120.000 and the total explicit cost is $60,000. Jim does not want to reveal how much own-savings he uses in his business, but implies that if the interest rate was higher than 5%, he would prefer...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co was $9,300. The bank statement for the same date shows a balance of $10,500. On investigation of the difference between the two sums, it was established that: a. Cheques in the amount of $700 had not yet cleared the bank b. A deposit in the amount of $450 was made late on 30th September and was not shown on the bank statement. A cheque...
Need help asap! Part II: One comprehensive question: Q1 Sammi Sung is a recent business school...
Need help asap! Part II: One comprehensive question: Q1 Sammi Sung is a recent business school graduate and budding entrepreneur. Sammi thinks that hot, fresh, and delicious cookies available all day long on university campuses is a surefire way to make money. Sammi had been toying with this idea for a couple of years and recently he finalized what he thinks is the perfect chocolate chip cookie recipe. His friends think the cookies are the best they ever tasted. Sammi...
Part 1: ACCOUNTING EQUATION 10 POINTS Jan. 1, 2020 William Kelly started Kelly's Computer Service by...
Part 1: ACCOUNTING EQUATION 10 POINTS Jan. 1, 2020 William Kelly started Kelly's Computer Service by investing $10,000. Jan. 3 the business borrowed $10,000 from a creditor and executed a Note payable with the principal and interest to be due in one year Jan. 5 the business purchased $12,000 of equipment for cash. Jan. 8 Kelly's rendered service to his first corporate client and earned $2,500 in cash. Jan. 12 Kelly's incurred repair expense of $1,200 and promised to pay...
1) 2) 3) 4) 5) 3 BBM205/03 Answer ALL questions below. Question 1 Below was the...
1)
2)
3)
4)
5)
3 BBM205/03 Answer ALL questions below. Question 1 Below was the transactions worksheet of Selna Enterprise on April 1, 2020. + ASSETS Cash + + Account Receivables 3,600 Prepaid expenses 1,000 Supplies on hand 350 EQUITY Share capital 7,350 Retained earnings LIABILITY Account payable 4,400 2,000 The following transactions occurred during April: April 1 Collected RM2,000 cash in satisfaction of an amount owed by a customer. April 3 Billed RM3,000 to customers for chairs rented...
Accountancy
First Thing: Save This File as Your Whole NameAfter nearly destroying the city of Springfield USA because of many near nuclear melt downs caused by Homer Simpson, Mr. Burns decided to go into selling cookies. On January 2, 2020, Mr. Burn continued his Good Old Fashion Cookies Empire. The company is still a merchandise company and still uses a perpetual inventory system.1. Prepare all the journal entries on a document. (To be turned in separately)2. Post all journal entries to...
Name: ID: A Scenario 13-2 Zach took $400,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000 12. Refer to Scenario 13-2. Zach's accounting profit for the year was a. $-494,000. b....
Question 47
To start a new business, Wima intends to borrow $22,700 from a
local bank. If the bank asks her to repay the loan in 7 equal
annual instalments of $5,132.72.
Determine the bank’s effective annual interest rate on the loan
transaction. With annual compounding, what nominal rate would the
bank quote for this loan? (Round answer to 0 decimal
places, e.g. 15%.)
Effective annual interest rate
%
Nominal rate
Testbank, Question 73
Josh Ackerman, having saved up a...
Question 30 1 pts Sam has two jobs, one for the winter and one for the summer. In the winter, he works as a lift attendant at a ski resort where he earns $13 per hour. During the summer, he drives a tour bus around the ski resort, earning $11 per hour. During the winter months, what is Sam's opportunity cost of taking an hour off work to go skiing? O $13 O $11-$13 O <$11 O >$13 Question 31...
D Question 8 1 pts Case 2 Jim resigns from his job, from which he was earning $40,000 per year, and then uses his own savings as the only source of capital to start a new firm. In the first year, his revenue is $120.000 and the total explicit cost is $60,000. Jim does not want to reveal how much own-savings he uses in his business, but implies that if the interest rate was higher than 5%, he would prefer...
A. Bank Reconciliation: At 30th September 2019, the balance in the cash account of Wordsworth Co was $9,300. The bank statement for the same date shows a balance of $10,500. On investigation of the difference between the two sums, it was established that: a. Cheques in the amount of $700 had not yet cleared the bank b. A deposit in the amount of $450 was made late on 30th September and was not shown on the bank statement. A cheque...
Part 1: ACCOUNTING EQUATION 10 POINTS Jan. 1, 2020 William Kelly started Kelly's Computer Service by investing $10,000. Jan. 3 the business borrowed $10,000 from a creditor and executed a Note payable with the principal and interest to be due in one year Jan. 5 the business purchased $12,000 of equipment for cash. Jan. 8 Kelly's rendered service to his first corporate client and earned $2,500 in cash. Jan. 12 Kelly's incurred repair expense of $1,200 and promised to pay...
1)
2)
3)
4)
5)
3 BBM205/03 Answer ALL questions below. Question 1 Below was the transactions worksheet of Selna Enterprise on April 1, 2020. + ASSETS Cash + + Account Receivables 3,600 Prepaid expenses 1,000 Supplies on hand 350 EQUITY Share capital 7,350 Retained earnings LIABILITY Account payable 4,400 2,000 The following transactions occurred during April: April 1 Collected RM2,000 cash in satisfaction of an amount owed by a customer. April 3 Billed RM3,000 to customers for chairs rented...
Most questions answered within 3 hours.
-
Industry: Telecommunications in India
Here, you need to discuss the sources of the growth pattern
and...
asked 8 minutes ago -
Hydrobromic acid
dissolves solid iron according to the followiaung reaction:
Fe(s)+2HBr(aq)→
FeBr2(aq)+ H2(g)
Part A. What...
asked 1 hour ago -
Verify the following vector identity in SPHERICAL
COORDINATES.
div(curl(A)) = 0
asked 3 hours ago -
The work function (Φ) for a metal is 7.50×10-19 J.
What is the longest wavelength (nm)...
asked 4 hours ago -
1. Would the following procedural changes cause the
calculated mass percent Ni2+ ion in Ni(NH3)nCl2 to...
asked 5 hours ago -
1. Why does the voltage of the capacitor vary with frequency?
where does this missing voltage...
asked 7 hours ago -
p p please write each step out clearly
3. A manager of a company is considering...
asked 5 hours ago -
On October 1, Ebony Ernst organized Ernst Consulting; on October
3, the owner contributed $83,540 in...
asked 7 hours ago -
A.)As an electron moves through a region of space, its speed
decreases from 9.60 × 106...
asked 7 hours ago -
In java with the netbeans program do:
Through object programming
Create a class "ContadorP", which is...
asked 7 hours ago -
Pattern Corporation acquired all of Science
Company's outstanding stock on January 1, 2016 for $600,000 cash....
asked 7 hours ago -
Here are all accounts Tyler Co. maintains.
Tax expenses $4,750
Common stocks $48,840
SG&A expenses $2,500...
asked 7 hours ago