User Account

All Pages

Accounting cost function for business

Assignment Help Business Management
Reference no: EM131376287

Three graduate business students are considering operating a fruit smoothie stand in the Harbor Springs, Michigan, resort area during their summer break. This is an alternative to summer employment with a local firm, where they would each earn $6,000 over the 3-month summer period. A fully equipped facility can be leased at a cost of $8,000 for the summer. Additional projected costs are $1,000 for insurance and $3.20 per unit for materials and supplies. Their fruit smoothies would be priced at $5 per unit.

What is the accounting cost function for this business? What is the economic cost function for the business? What is the economic breakeven number of units for this operation? (Assume a $5 price and ignore interest costs associated with the timing of lease payments.)

Reference no: EM131376287

Questions Cloud

Dummy variables into a multiple regression analysis : How do we integrate dummy variables into a multiple regression analysis? Does the results provide a probability of one outcome over the other in terms of the actual predictability of the model results?
Why would he spend an obscene amount : Obviously, a company like Merril Lynch would only hire a highly qualified person for the job. What do you think happened to John Thain? Why would he spend an obscene amount.
Identify the specific shaft location : Identify the specific shaft location subjected to the most severe state of stress, and make a Mohr circle representation of this stress state.
Identify the contemporary management issue : Identify the contemporary management issue that you will be researching during this course. Prepare a one page summary about the identified issue.
Accounting cost function for business : What is the accounting cost function for this business? What is the economic cost function for the business? What is the economic breakeven number of units for this operation? (Assume a $5 price and ignore interest costs associated with the timing..
Calculates the mean and standard error of gdp growth : For each country calculates the mean and standard error of GDP growth (variable: dRGDP) for the following debt/GDP buckets: 0-30, 31-60, 61-90, 90+. (Hint: use the stata com-mandci for standard errors. Summarize only provides standard deviations)
Develop a mechanism geared toward to encouraging interaction : Select one (1) product or service that you would like to write a Blog about. Next, specify the Blog's main target market information .Specify the main purpose of the Blog, and predict the main influence of the Blog on the marketing strategy for th..
Introduction strategic decision making : Entitled "Business Process Management for XYZ Company." (Replace XYZ Company with the actual company name.) This paper should be an assessment of how you would use the components of business process design for a particular company. The following main..
Common unemployment rate used by us government : The most common unemployment rate used by the U.S. Government (there are six rates from U1 to U6) counts underemployed people (people working less than full time who want full time work) as employed. Explain why this can be detrimental to the cir..

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd