None 2. Consider the following spending concepts for a wooden table factoryCONCEPTTotal monthly salesPrice per tableTotal units soldTOTAL$720,000.0$300$2,400$1500Spending wage per workerTotal workers8Wood and other Materials$2500Electricity interests$2000Profit$562,000.0Assuming that the depreciation of physical capital is equal to zero.

Deep Dive into the Wooden Table Factory Financials: A Step-by-Step AnalysisLet's dissect the…

Answered: 2. Consider the following spending…

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter7: Production, Costs, And Industry Structure

Section: Chapter Questions

Problem 2SCQ: Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent...

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Continuing from Exercise 7.1, the films factory sits on land owned by the firm that it could rent for 30,000 per year. What was the films economic profit last year?
What is die difference between accounting and economic profit?
How does incorporating the tax benefit of depreciation affect the equilibrium rent a landlord will charge? O It increases the rent It decreases the rent O It doesn't affect the rent
13. Depreciation decreases: * O Capital O Cash O Bank O Liabilities
2. For each of the following costs, identify the cost graph that best illustrates its cost behavior as the number of units produced increases. Not all graph have to be used and a graph can be used more than once. Graph 1 Graph 2 Graph 3 ° Activity Base O Activity Base o Activity Base Graph 4 Graph 5 O Activity Base O Activity Base FIGURE 20.2 Rent of warehouse of $10,000 per month Per-unit straight line depreciation costs a. b. с. Per-unit cost of direct materials d. Electricity costs of $5,000 per month plus $.0004 per kilawatt-hour е. Total direct labor cost
1. Direct laborrate: $15.00perhour Production material: $375 per 100 items Factory overhead: 125% of direct labor Packing costs: 75%ofdirectlabor Desiredproﬁt: 20%oftotalmanufacturing cost use the above information to answer how many units must be sold to achieve a proﬁt of $25,000? [Note that the units sold must account for total production costs (direct and overhead) plus desired proﬁt. 2. A small textile plant was constructed in 2004. The major equipment, costs, and factors are shown below. Estimate the cost to build a new plant in 2014 if the index for this type of equipment has increased at an average rate of 12% per year for the past 10 years. Show work and Select the closest answer. a) $4,618,000 b) $10,623,000 c) $14,342,000 d) $ 14,891,000
7. Depreciation is necessary to calculate: * O Net financial position O None of the above О Тах O Net profit
Suppose ADJ Corporation's brcakeven sa les volume is $450,000 with fixedcosts of $200.000.(a) Compute the contribution margin pe rcentage.(b) Compute the selling price if va ri a ble costs a re $ 12 per unit.
The board of your company discusses a possible future price increase of 20% for one of the products. The argument against the increase is a decrease in sales due to the increased price. With how many units (pieces), sales can fall, without changing the total gross margin, with the following data for your company.Current sales price per piece SEK 600Variable costs per piece SEK 450Current sales volume 10,000 pieces
2Help plz
Please no written by hand solutions Which of the followingfollofollowingf
The ciange in revenueleamed by the business as it employees an additional nit of an input holding otier resource use constant is: (a) Fhe Marginal physical product fb) Fhe Total physical product.- (c) The Average physicał product OThe Marginal value product

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