Business, 24.06.2019 16:00 quintasiahaskin
Definition of economic costs alex lives in philadelphia and runs a business that sells pianos. in an average year, he receives $723,000 from selling pianos. of this sales revenue, he must pay the manufacturer a wholesale cost of $423,000; he also pays wages and utility bills totaling $267,000. he owns his showroom; if he chooses to rent it out, he will receive $2,000 in rent per year. assume that the value of this showroom does not depreciate over the year. also, if alex does not operate this piano business, he can work as a financial advisor, receive an annual salary of $20,000 with no additional monetary costs, and rent out his showroom at the $2,000 per year rate. no other costs are incurred in running this piano business. identify each of alex's costs in the following table as either an implicit cost or an explicit cost of selling pianos. implicit cost explicit costthe wages and utility bills that alex pays the rental income alex could receive if he chose to rent out his showroom the salary alex could earn if he worked as a financial advisor the wholesale cost for the pianos that alex pays the manufacturer complete the following table by determining alex's accounting and economic profit of his piano business. profit(dollars)accounting profit economic profit
Answers: 3
Business, 22.06.2019 01:00
You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u.s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u.s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u.s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600
Answers: 2
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
Business, 22.06.2019 07:10
In a team environment, a coordinator is? a person with expert knowledge or skills in a particular area the team needs. a good listener who works to resolve social problems among teammates. a leader who team members focus on their tasks. a good networker who likes to explore new ideas and possiblities.
Answers: 2
Business, 22.06.2019 17:30
Danielle enjoys working as a certified public accountant (cpa) and assisting small businesses and individuals with managing their finances and taxes. which general area of accounting is her specialty? danielle specialized in
Answers: 1
Definition of economic costs alex lives in philadelphia and runs a business that sells pianos. in an...
Mathematics, 19.05.2021 22:00
Mathematics, 19.05.2021 22:00
Mathematics, 19.05.2021 22:00
Chemistry, 19.05.2021 22:00
Mathematics, 19.05.2021 22:00
Mathematics, 19.05.2021 22:00
Chemistry, 19.05.2021 22:00
English, 19.05.2021 22:00
Chemistry, 19.05.2021 22:00