Homework Answers
Implicit cost include opportunity costs.
Implicit cost=Salary that could have been earned+Interest loss on own funds used
Implicit cost=4000+6000*5%=$4300 per year
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Homework: ASSESS Chapter 11 Homework b Econom Score: 0 of 1 pt 3 of 26 (3...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $8,000, buys gasoline ($1.60 in gas is required to mow each yard), and pays a helper $25.00 per yard. Prior to opening the lawn company, Charles earned $3,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 5 percent per year in the bank and that the mowing equipment depreciates at...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $5,000, buys gasoline ($1.70 in gas is required to mow each yard), and pays a helper $25.00 per yard. Prior to opening the lawn company, Charles earned $6,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 2 percent per year in the bank and that the mowing equipment depreciates at...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $5,000, buys gasoline ($2.40 in gas is required to mow each yard), and pays a helper $10.00 per yard. Prior to opening the lawn company, Charles earned $6,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 3 percent per year in the bank and that the mowing equipment depreciates at...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $6,000, buys gasoline ($1.50 in gas is required to mow each yard), and pays a helper $20.00 per yard. Prior to opening the lawn company, Charles earned $5,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 1 percent per year in the bank and that the mowing equipment depreciates at...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000 in restaurant rent per month, and $550 in insurance per month. Assume the pizza parlor produces 8,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ 56,800. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost...
Homework: ASSESS Chapter 12 Homework Save Score: 0 of 1 pt 10 of 18 (17 complete) HW Score: 75%, 13.5 of 18 pts ab...
Homework: ASSESS Chapter 12 Homework Save Score: 0 of 1 pt 10 of 18 (17 complete) HW Score: 75%, 13.5 of 18 pts ab Concept: Economic/Accounting Profit 1 Question Help Cou Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $70,000 a year, and he pays workers $130,000 in wages. In return, he produces 250,000 baskets of peaches per year, which sell for $3.00 each. Suppose the interest...
Need help thanks. Homework: Chapter 1 Suggested Homework Save Score: 0 of 1 pt 170120 (16complete)...
Need help thanks.
Homework: Chapter 1 Suggested Homework Save Score: 0 of 1 pt 170120 (16complete) ▼ Hw Score: 78.33%, 15.67 of 20 pts Problem 1.14 Question Help * Chari s Lackey operates a bakery in Idaho Fal lito. Because of its excellert produ a de celent lo ation, de nr d has increased by 35% in the last yea. O fr to many o atom a st have not been able to purchase the bread of their choice. Because...
S20 BA360.8 Marina Alberici & | 01/31/20 10:02 PM Homework: Chapter 1 Homework Save Score: 0...
S20 BA360.8 Marina Alberici & | 01/31/20 10:02 PM Homework: Chapter 1 Homework Save Score: 0 of 1 pt 15 of 15 (14 complete) HW Score: 93.33%, 14 of 15 pts Problem 1.14 - Bookmatch Question Help Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice....
Next Question Homework: Chapter 9 Homework score: 0 of 1 pt 2 of 11 (0 complete)...
Next Question Homework: Chapter 9 Homework score: 0 of 1 pt 2 of 11 (0 complete) » 9-4 (similar to) apter 9 Homerom Save HW Score: 0%, 0 of 11 pts Question Help Pisa Pizza, a seller of frozen pizza, is considering introducing a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of the new pizza will be $22 million per year. While many of these sales...
Homework: Chapter 10 Homework Save 8 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt P10-20 (similar to) Qu...
Homework: Chapter 10 Homework Save 8 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt P10-20 (similar to) Question Help Project cash flow and NPV. The managers of Classic Autos Incorporated plan to manufacture dassic Thunderbirds (1957 replicas). The necessary foundry equipment will cost a total of $4,000,000 and will be depreciated using a five-year MACRS life. The sales manager has an estimate for the sale of the classic Thunderbirds. The annual sales...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $8,000, buys gasoline ($1.60 in gas is required to mow each yard), and pays a helper $25.00 per yard. Prior to opening the lawn company, Charles earned $3,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 5 percent per year in the bank and that the mowing equipment depreciates at...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $5,000, buys gasoline ($1.70 in gas is required to mow each yard), and pays a helper $25.00 per yard. Prior to opening the lawn company, Charles earned $6,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 2 percent per year in the bank and that the mowing equipment depreciates at...
Charles has decided to open a lawn-mowing company. To do so, he purchases mowing equipment for $5,000, buys gasoline ($2.40 in gas is required to mow each yard), and pays a helper $10.00 per yard. Prior to opening the lawn company, Charles earned $6,000 as a lifeguard at the neighborhood swimming pool. Assume the money he used to purchase the mowing equipment could otherwise have earned 3 percent per year in the bank and that the mowing equipment depreciates at...
Suppose a pizza parlor has the following production costs: $4.00 in labor per pizza, $3.00 in ingredients per pizza, $0.10 in electricity per pizza, $3,000 in restaurant rent per month, and $550 in insurance per month. Assume the pizza parlor produces 8,000 pizzas per month. What is the variable cost of production (per month)? The variable cost of production is $ 56,800. (Enter your response as an integer.) What is the fixed cost of production (per month)? The fixed cost...
Homework: ASSESS Chapter 12 Homework Save Score: 0 of 1 pt 10 of 18 (17 complete) HW Score: 75%, 13.5 of 18 pts ab Concept: Economic/Accounting Profit 1 Question Help Cou Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $70,000 a year, and he pays workers $130,000 in wages. In return, he produces 250,000 baskets of peaches per year, which sell for $3.00 each. Suppose the interest...
Need help thanks.
Homework: Chapter 1 Suggested Homework Save Score: 0 of 1 pt 170120 (16complete) ▼ Hw Score: 78.33%, 15.67 of 20 pts Problem 1.14 Question Help * Chari s Lackey operates a bakery in Idaho Fal lito. Because of its excellert produ a de celent lo ation, de nr d has increased by 35% in the last yea. O fr to many o atom a st have not been able to purchase the bread of their choice. Because...
S20 BA360.8 Marina Alberici & | 01/31/20 10:02 PM Homework: Chapter 1 Homework Save Score: 0 of 1 pt 15 of 15 (14 complete) HW Score: 93.33%, 14 of 15 pts Problem 1.14 - Bookmatch Question Help Charles Lackey operates a bakery in Idaho Falls, Idaho. Because of its excellent product and excellent location, demand has increased by 25% in the last year. On far too many occasions, customers have not been able to purchase the bread of their choice....
Next Question Homework: Chapter 9 Homework score: 0 of 1 pt 2 of 11 (0 complete) » 9-4 (similar to) apter 9 Homerom Save HW Score: 0%, 0 of 11 pts Question Help Pisa Pizza, a seller of frozen pizza, is considering introducing a healthier version of its pizza that will be low in cholesterol and contain no trans fats. The firm expects that sales of the new pizza will be $22 million per year. While many of these sales...
Homework: Chapter 10 Homework Save 8 of 8 (0 complete) HW Score: 0%, 0 of 8 pts Score: 0 of 1 pt P10-20 (similar to) Question Help Project cash flow and NPV. The managers of Classic Autos Incorporated plan to manufacture dassic Thunderbirds (1957 replicas). The necessary foundry equipment will cost a total of $4,000,000 and will be depreciated using a five-year MACRS life. The sales manager has an estimate for the sale of the classic Thunderbirds. The annual sales...
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