Solution-Determining the accounting profit

Determining the accounting profit

Assignment Help Business Economics

Reference no: EM131358222

Erin makes 800 items a day. Each day she spends 8 hours producing those items. If hired elsewhere she could have earned $300 an hour. The item sells for $20 each. Production occurs seven days a week. If the explicit costs total $200,000 per month, what is her accounting profit?

a. $60,000
b. $280,000
c. $350,000
d. $540,000

Reference no: EM131358222

Questions Cloud

Maine and conduct business in that state : Currently, six sales associates live in Maine and conduct business in that state. They have lived in this state on the average of eight years. All products are shipped from the plant in Fulton to Maine. McCormick Manufacturing does not keep mercha..

Options contracts are on balance sheet items : Futuers and options contracts are " on balance sheet " items. The seoeration of invesment banking and commercial banking in the US was ended by financial services modernization Act.

Describe the key analogies the monitors expose to users : Describe the key analogies and concepts these monitors expose to users, including the task-domain objects users manipulate on the screen. Determine the conceptual model that you would use when designing a product for your restaurant.

Select two theories from this module to apply to the case : Select two theories from this module to apply to the case study. Make sure you define the two theories and apply at least two aspects of the behaviors to each theory. Google the theory Multi Factor Intergrated Theory.

Determining the accounting profit : Erin makes 800 items a day. Each day she spends 8 hours producing those items. If hired elsewhere she could have earned $300 an hour. The item sells for $20 each. Production occurs seven days a week. If the explicit costs total $200,000 per month,..

Demonstrations and field trips build on classroom experience : Demonstrations and field trips build on classroom experiences and can provide you as an individual with a shared learning experience on a topic

Amortization schedule with a balloon payment : You want to buy a house that costs $140,000. You have $14,000 for a down payment, but your credit is such that mortgage companies will not lend you the required $126,000. What would the balloon payment be? What would the loan balance be at the end of..

Design a cylindrical pressure vessel : Design a cylindrical pressure vessel with diameter d = 4 m, internal pressure p = 3.0 MP a, with a COV Cp = 0.10 to achieve a reliability Re = 0.95 with respect to the burst pressure.

Yield on treasury securities : The primary factors affecting the cost of debt for a firm include: the yield on Treasury securities, the risk premium to cover the expected risk of default, a liquidity premium to reflect investor concerns over the market liquidity of the security..

User Account

All Pages

Determining the accounting profit

Reference no: EM131358222

Reference no: EM131358222

Questions Cloud

Reviews

Write a Review

Business Economics Questions & Answers

Economics assignment

Demand and supply curves

Long-run perfectly competitive equilibrium for the firm

Supply and demand diagrams

Case study: fisher-price toys

Draw the production possibility curve

Tax revenue

Maximize total welfare

Difference between the cv and the ev

Depict von neumann-morgenstern utility index u in a diagram

What is the market solution

Calculate gross national product and net national product

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT