The hamlet of Smallville had one small store that provided all the basic necessities to the residents. The chain that owned the store decided to shut down the store as the hamlet was too small to allow the store to generate sufficient profits. The people of the town were upset and claimed that the damage that it caused them outweighed the harm caused to the chain by the reduced income. The store was closed. The store management applied the principle of _________ ethic to this decision.

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Management believes it can sell a new product for $8.50. The fixed costs of production are                estimated to be $6,000, and the variable costs are $3.20 a unit. Complete the following table at the given levels of output and the relationships between quantity and fixed costs, quantity and variable costs, and quantity and total costs. Quantity Total Revenue Variable Costs Fixed Costs Total Costs Profits (Loss) 0           500           1,000           1,500           2,000           2,500           3,000               Determine the break-even level using the above table and use the following Equation to confirm the break-even level of output. PQB = FC + VQB PQB - VQB = FC QB (P-V) = FC QB = FC         P-V What would happen to the total revenue schedule, the total cost schedule, and the break-even level of output if management determined that fixed costs would…

The table below lists Bruno's Custom Bike Shop's costs and revenue for the month of May: Bike Parts: $5,000 Shop Rent: $1,000 Large Print Sign Advertisements: $ 50 Electric Bill: $150 Total Bike Sales: $9,000 Based on this information, determine Bruno's Custom Bike Shop's accounting profit for the month of May.