User Account

All Pages

Determining the accounting profit

Assignment Help Business Economics
Reference no: EM131358222

Erin makes 800 items a day. Each day she spends 8 hours producing those items. If hired elsewhere she could have earned $300 an hour. The item sells for $20 each. Production occurs seven days a week. If the explicit costs total $200,000 per month, what is her accounting profit?

a. $60,000
b. $280,000
c. $350,000
d. $540,000

Reference no: EM131358222

Questions Cloud

Maine and conduct business in that state : Currently, six sales associates live in Maine and conduct business in that state. They have lived in this state on the average of eight years. All products are shipped from the plant in Fulton to Maine. McCormick Manufacturing does not keep mercha..
Options contracts are on balance sheet items : Futuers and options contracts are " on balance sheet " items. The seoeration of invesment banking and commercial banking in the US was ended by financial services modernization Act.
Describe the key analogies the monitors expose to users : Describe the key analogies and concepts these monitors expose to users, including the task-domain objects users manipulate on the screen. Determine the conceptual model that you would use when designing a product for your restaurant.
Select two theories from this module to apply to the case : Select two theories from this module to apply to the case study. Make sure you define the two theories and apply at least two aspects of the behaviors to each theory. Google the theory Multi Factor Intergrated Theory.
Determining the accounting profit : Erin makes 800 items a day. Each day she spends 8 hours producing those items. If hired elsewhere she could have earned $300 an hour. The item sells for $20 each. Production occurs seven days a week. If the explicit costs total $200,000 per month,..
Demonstrations and field trips build on classroom experience : Demonstrations and field trips build on classroom experiences and can provide you as an individual with a shared learning experience on a topic
Amortization schedule with a balloon payment : You want to buy a house that costs $140,000. You have $14,000 for a down payment, but your credit is such that mortgage companies will not lend you the required $126,000. What would the balloon payment be? What would the loan balance be at the end of..
Design a cylindrical pressure vessel : Design a cylindrical pressure vessel with diameter d = 4 m, internal pressure p = 3.0 MP a, with a COV Cp = 0.10 to achieve a reliability Re = 0.95 with respect to the burst pressure.
Yield on treasury securities : The primary factors affecting the cost of debt for a firm include: the yield on Treasury securities, the risk premium to cover the expected risk of default, a liquidity premium to reflect investor concerns over the market liquidity of the security..

Reviews

Write a Review

Business Economics Questions & Answers

  Theory of collective action predict the bridge gets built

Consider a society with three individuals deciding whether or not to build a bridge. Adam and Bob get 5 utils from building the bridge, and Cathy gets -20 utils. Does the Median Voter Theorem predict the bridge gets built? Suppose individuals can lob..

  Critique a human resource article which study staffing

Critique a human resource article which study Staffing (recruting and selecting employees, managing employee seperations, downsizing, and outplacement) The critique must contain the following: -A brief introduction of the article -A statement of the ..

  What is the equilibrium unemployment rate

Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is (in rate per month) the rate of job finding (f) ? What is the rate of job separation (s) ? What is the equilibrium unemployme..

  What percentage would the quantity demanded of corn decrease

Suppose that corn currently costs $4.00 per bushel and that wheat currently costs $3.00 per bushel. Also assume that the price elasticity of corn is 0.15, while the price elasticity of wheat is 0.20.  If the government imposes a per-bushel tax on co..

  Unintended consequences of legalizing the sale of organs

Since humans have two kidneys, you could sell a kidney and still live a long, healthy life. Given that there is such a demand for organs, do you think we should allow individuals to sell their organs like kidneys? Who do you anticipate would be most ..

  Based on the case cola wars continue

Based on the case “Cola Wars Continue: Coke and Pepsi in 2010,” use game theory approach/analysis to explain the competitive behavior of Coke and Pepsi making specific references to actions taken by each firm and the different “battlefields.” What co..

  The productivity slowdown and the great inflation

The productivity slowdown and the Great Inflation: Using the IS-MP diagram and the Phillips curve, explain how the productivity slowdown of the 1970s may have contributed the Great Inflation. With this belief, what monetary policy action would policy..

  Chinese purchases of financial also real assets

Elucidate how much did Chinese purchases of financial also real assets abroad exceed foreign purchases of Chinese financial also real assests.

  The role of project managers

Research job boards for project manager positions. Take note of the various industries that hire project managers. Then, research statistics from the project management institute on the rate of success of projects in different industries including..

  Calculate the equilibrium quantity

Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity.

  Tootsie roll company to analyze their production process

One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.

  Are the extens liable under their indorsers liability

On August 10, 2012, Theta Electronic Laboratories, Inc., executed a promissory note to George and Marguerite Thomson. Three other individuals, Gerald Exten, EmilO’ Neil, and James Hane, and their wives also indorsed the note. Are the Extens liable un..

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: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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