What is the total accounting cost

Assignment Help Business Economics

Reference no: EM13998422

Suppose a company incurs the following cost: labor, $600; equipment, $300; and materials, $200. The company owns the building, so it doesn't have to pay the usual $900 in rent. a) What is the total accounting cost? b) What is the total economic cost? c) If the company sold the building and then leased it back, what would be the change in accounting costs? Economic costs?

Reference no: EM13998422

Questions Cloud

The initial cost of a pickup truck : The initial cost of a pickup truck is $11289 and will have a salvage value of $3730 after five years. Maintenance is estimated to be a uniform gradient amount of $133 per year, with zero dollar for first year maintenance. The operation cost is estima..

Elements of its cultural environment : Select one country and list 5 elements of its cultural environment. For each cultural element, explain the impact on international business. Limit your answers to a couple of sentences for each element of culture.

Using the market model to predict equilibrium price-quantity : Based on the NYT article offered below about natural gas fueled long-haul trucking, use the market model (the supply and demand model) to predict what would happen to the equilibrium price and quantity of natural gas, crude oil, and gasoline. After c..

After reading about the history of welfare : After reading about the history of welfare in the USA, describe in your own words how our current welfare system came to be. What are your thoughts about Sweden's welfare system? How would creating a similar system in the USA impact the field of huma..

What is the total accounting cost : Suppose a company incurs the following cost: labor, $600; equipment, $300; and materials, $200. The company owns the building, so it doesn't have to pay the usual $900 in rent. a) What is the total accounting cost? b) What is the total economic cost?..

What is the slope-is it constant or it depends on x : Let X ∈ [0, 10] and y = f(x) = cx with c > 0. What is the slope of f(x)? Is it constant or it depends on x? What is the value of f(x) when x = 3?

Draw the extensive form of this game : There are three players, labeled 1,2 and 3. At the start of the game, players 1 and 2 simultaneously choose between playing “A” and “B”. If they both choose “A” then the game ends and the payoffs are (1, 0, 0) (the order of payoffs is: player 1, 2 an..

Draw the extensive-form diagram for strategic setting : Draw the extensive-form diagram for the following strategic setting. There are three people: Amy, Bart, and Chris. Amy and Bart each have two cards, one of which has “K” (for King) written on it and the other has “Q” (for Queen) written on it; that i..

User Account

All Pages