(d) Evaluate the following statement. "I used my own money, my own land and my own equipment to start my business. Therefore I don't have any costs associated with running my business".
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- 1. Assume the cost of making 30 belts is $800, the cost of making 35 belts is $910, and the cost equation is linear. The belts are sold for $27 each. Find the marginal cost of production. (b) Find a linear equation in slope-intercept form that will represent the total cost of making x belts. (c) What is the fixed cost? (a) (d) Find a profit equation in slope-intercept form that will represent the profit if x belts are made and sold. (e) Find the break-even point.1.3 Differentiate amongst total product, average product and marginal product. Motivate your answer with the aid of examples.Frank is an engineer who had decided to leave his job making $150,000 per year to brew and sell craft beer. He spends $30,000 per year on ingredients and $20,000 per year to rent a space to brew. His sales revenue from selling his beer is $150,000 per year. (a) Assuming this information is complete and correct, calculate Frank's Accounting Profit. $ (Please enter your answer without the dollar sign) (b) Assuming this information is complete and correct, calculate the Frank's Economic Profit. $ (Please enter your answer without the dollar sign) 9:17 PM 72°F Clear pe here to search 5/13/202
- Please answer what is asked and show complete detailed solution. Thank you.3. Identify yes or no as to whether or not each of these costs would be relevant for the decision on what time a pizza place should close each evening. (a) Monthly rent (b) Wages paid to hourly employees (c) Interest paid on business loan (d) Water billHarvey develops gaming apps from home instead of working as an engineer and earning $50,000 a year. He has invested $20,000 to upgrade to the hardware that he needs and estimates his expenses at $17,000 a year. Downloads generated $130,000 in revenue during the first year. What is his accounting profit? Selected Answer: b. $37,000 Answers: a. $50,000 b. $37,000 c. $130,000 d. $43,000 e. $93,000
- based on the information in the table what is marla's profit margin? total revenue-$1,400total cost- $900average cost- $7fixed cost-$700quantity-200ork (5.3) Part 1 of 3 A manufacturing company makes two types of water skis, a trick ski and a slalom ski. The relevant manufacturing data are given in the table. Labor Hours per Ski Maximum Labor-Hours Available per Day 120 25 Department Fabricating Finishing Answer parts (A), (B), and (C) below Trick Ski 5 1 Slalom Ski 4 1 CITT (A) If the profit on a trick ski is $50 and the profit on a slalom ski is $60, how many of each type of ski should be manufactured each day to realize a maximum profit? Wh is the maximum profit? The maximum profit is $ The maximum occurs when trick skis and slalom skis are produced. 413. Basics of Engineering Economy.
- Why is an income statement important for a business? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.Question: Consider yourself an owner/manager of a food franchise business. In what situation or circumstances, capital budgeting tools might help you? Elaborate your answer.Question 1! RUSTIC CABIN-Cost breakdown for 2,000ft2 cabin. Estimate: $250,000. COST ITEMS PERCENT OF TOTAL COST 1. Construction permits, legal, and title fees 2. Roadway, site clearing and preparation 15 3. Foundation, concrete and masonry 13 4. Wallboard, carpentry, and flooring 12 5. Heating, ventilation, air conditioning (HVAC) 13 6. Electric, plumbing and communications 10 7. Roofing and flooring 12 8. Painting and finishing 17 100 What is the price per sq. ft. of the 2,000ft? cabin? $100 $150 $125 $135