You use RM50,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of ___________
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You use RM50,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of ___________
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- In 2004, Safari Corporation’s total sales reached $1.2 million. By 2010, sales had climbed to $4.25 million. What is the growth in sales for Safari Corporation per year?1.4) You use RM40,000 of your own money to start a catering business. During the first year you earn a 5% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of ___________ 1.5) You use RM50,000 of your own money to start an espresso stand. During the first year you earn a 10% return on that investment. If the current interest rate on savings is 8%, you earn an economic profit of ___________ i need working calculation for this actually.. Plz help meWORLD VIEW Tesla Starts Rolling Out Cars from Shanghai Gigafactory Elon Musk gambled a fortune in Reno, Nevada when he built a "gigafactory" to build lithium batteries for Tesla electric vehicles. Together with battery-maker Panasonic, he invested $4.5 billion in the factory. When fully completed, the Reno facility will be the largest factory in the world, capable of producing enough battery packs for 500,000 cars a year. Musk says the sheer scale of the factory will enable Tesla to bring down the cost of battery packs by as much as 30 percent, the most expensive component of electric vehicles. Musk has made the same bet again-this time in China. At a cost of $2 billion, Tesla has built another gigafactory in Shanghai and is already producing Model 3 vehicles. In 2020 Tesla hopes to build at least 35,000 cars, then ramp up to 500,000 cars annually in a few years. Given the success of the Reno plant, few investors want to bet against him. Source: Media reports of December 2019-January…
- ADVANCED ANALYSIS A firm faces the following costs: total cost of capital = $1,000; price paid for labor = $12 per labor unit; and price paid for raw materials = $4 per raw-material unit. %3D Instructions: In parts a and b, enter your answers for total cost as a whole number. Round your answers for average total cost to 2 decimal places. In part c, enter your answer as a whole number. a. Suppose the firm can produce 5,000 units of output this year by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing the 5,000 units of output? TC = $ %D ATC = $ b. Now assume the firm improves its production process so that it can produce 6,000 units of output this year by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing the 6,000 units of output? TC = $ ATC = $ c. If units of output can always be sold for $1 each,…Definition of economic costs Edison lives in Detroit and runs a business that sells guitars. In an average year, he receives $793,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Edison does not operate this guitar business, he can work as a financial advisor, receive an annual salary of $50,000 with no additional monetary costs, and rent out his showroom at the $15,000 per year rate. No other costs are incurred in running this guitar business.Definition of economic costs Hubert lives in Houston and runs a business that sells guitars. In an average year, he receives $722,000 from selling guitars. Of this sales revenue, he must pay the manufacturer a wholesale cost of $422,000; he also pays wages and utility bills totaling $268,000. He owns his showroom; if he chooses to rent it out, he will receive $1,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Hubert does not operate this guitar business, he can work as an accountant, receive an annual salary of $42,000 with no additional monetary costs, and rent out his showroom at the $1,000 per year rate. No other costs are incurred in running this guitar business. Identify each of Hubert’s costs in the following table as either an implicit cost or an explicit cost of selling guitars. Implicit Cost Explicit Cost The rental income Hubert could receive if he chose to rent out his showroom The…
- The table below shows the annual percentage change in sales for five locations of J&J Burger. Pct. Change, 2019- Pct. Change, 2020- Location 2021 2020 6 -3 -12 -6 11 3 7 10 -2 2 Camarillo Oxnard Ventura Thousand Oaks Simi Valley If the total sales at the Oxnard location are $125,864 in 2021, what were the sales at that same location at the end of 2019? Round to the nearest whole dollar. Type your answer...Exercise 1: • Assume we are selling a product for $2 each. • Assume that the variable cost associated with producing and selling the product is 60 cents. • Assume that the fixed cost related to the product (the basic costs that are incurred in operating the business even if no product is produced) is $1000. What is the BEP?Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) A.What are Jon’s total revenues? B. What are Jon’s explicit costs? In numbers C.What is his accounting profit? in numbers D. List 2 (in numbers) 2 implicit costs that Jon has not included. E. What is Jon’s pure economic profit (or loss) in numbers?
- Microeconomics Jon quit his job as a manager at West End Savings bank where he earned $112,000 a year. He cashed in $214,000 in corporate bonds that earned 1.0% interest annually to set up a gym. Jon has decided to buy a store front and set up exercise classes. There are 1400 people who will pay $1200 a year for unlimited classes; $850 from each person goes for instructors, maintenance, equipment, insurance, depreciation etc. Write the answers to the following questions on the answer sheet. (You must show your work.) 1. List 2 (in numbers) 2 implicit costs that Jon has not included. 2. What is Jon’s pure economic profit (or loss) in numbers?ull touch LTE 10:11 PM @ O 35% Done A docs.google.com AA C account * Required Section C Which of the following statements is true? * If average product equals marginal product, average product decreases. If marginal product equals average product, marginal product is a maximum. If marginal product equals average O product, average product is a maximum. If marginal product exceeds average product, marginal product increases.[1st_itemBCD] *problem situation in the photo below* Required: In Problem 1, what is Merrilyn’s accounting costs---type and magnitude? In Problem 1, what is Merrilyn’s economic costs---type and magnitude? In Problem 1, how much would Merrilyn need in revenue to earn positive accounting profits? Positive economic profits?
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