Reference no: EM133185207
Describe how goals, constraints, incentives, and market rivalry affect economic decisions.
Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. Based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. With annual overhead costs and operating expenses amounting to $145,000. Jamie expects a profit margin of 20 percent. This margin is 5 percent larger than that of her largest competitor, Apps, Inc.
If Jamie decides to embark on her new venture, what will her accounting costs be during the first year of operation?
Her company's implicit costs?
Her company's opportunity costs?
Suppose that Jamie's estimated selling price is lower than originally projected during the first year. How much revenue would she need in order to earn:
Positive accounting profits?
Positive economic profits.
About kevin mitnick
: Using the web, find out more about Kevin Mitnick. What did he do? Who caught him? Write a short summary of his activities and explain why he is infamous.
|
Market rivalry affect economic decisions
: Describe how goals, constraints, incentives, and market rivalry affect economic decisions.
|
Analyze demand-supply-equilibrium prices-price elasticities
: Analyze demand, supply, equilibrium prices, and price elasticities as a quantitative tool to forecast changes in revenues.
|
Research project
: What was the extent of economic decline in each of the two events? Discuss in terms of GDP, unemployment, and other major economic variables.
|
Market rivalry affect economic decisions
: Describe how goals, constraints, incentives, and market rivalry affect economic decisions. Her company's opportunity costs?
|
Prepare the journal entry to record any adjusting entries
: Prepare the journal entry to record any adjusting entries needed at December 31, 2020. Assume that the sales of Wyoming's product to this customer occur
|
Discuss management risk as one of the risks
: Discuss management risk as one of the risks associated with investment. Discuss purchasing power risk as one of the risks associated with investment
|
What amount should be reported as basic earnings per share
: Ordinary share capital, P50 par, 200,000 shares issued and outstanding 10,000,000. What amount should be reported as basic earnings per share
|
What is the adjusted balance of Accounts Receivables
: Inventories were physically counted on December 29, 2021 and amounted to P212,000. What is the adjusted balance of Accounts Receivables
|