User Account

All Pages

What were his total accounting profits

Assignment Help Business Economics
Reference no: EM131606601

Ken a well known business man in the city of Texas started a business in the year 2004 over the years Ken sold 50,000 commodities that was then valued at $100 per each commodity. He conducted an analysis and noticed that he incurred implicit cost of exactly $200,000 and explicit costs of $4,800,000 what were his total accounting profits?

Reference no: EM131606601

Questions Cloud

Unemployment rate using the current practice of bls : (a) Calculate the size of the labor force and the unemployment rate using the current practice of BLS.
Supply chain performance measures : The purpose of the annotated bibliography is to both summarize and assess scholarly material on the approved subject .
Client inadvertently recorded depreciation expense : The accountant at allied client inadvertently recorded depreciation expense as $57,000 instead of $75,000.
What have you learned about the firms accounting systems : What have you learned about the firms' accounting systems based on the four accounting concepts you chose to research
What were his total accounting profits : He conducted an analysis and noticed that he incurred implicit cost of exactly $200,000 and explicit costs of $4,800,000 what were his total accounting profits?
Put option is now in-the-money or out-of-the-money : You hold one ‘at-the-money’ put option on a stock with 10 days to maturity. Explain in detail whether your put option is now ‘in-the-money’ or out-of-the-money?
How do you display letters in lowercase in oracle : How do you display letters in uppercase in Oracle, Access, and SQL Server? How do you display letters in lowercase in Oracle, Access, and SQL Server?
Identify the seven system design guidelines : Identify the two general categories of supply chain opportunities.Identify and describe the four types of benefits provided by a new system.
Remove everything to the right of decimal place in oracle : How do you round a number to a specific number of decimal places in Oracle, Access, and SQL Server?

Reviews

Write a Review

Business Economics Questions & Answers

  Product to the consumer in the us

It uses $100bn (USD) in US made parts to produce the product, and assembles the iPhone completely in China for $50bn USD. It then sells this product to the consumer in the US for $325bn USD. How much did Apple contribute to US and Chinese GDP?

  What is the equilibrium price of honey

Suppose the demand for honey is given by Q=500-4p. Also, suppose there are 80 honey producers in the market. What is the equilibrium price of honey?

  R and exploring iris data

Question: What is the format to use to Run the command to display all 6 descriptive statics of the Petal.Width variables Question Run the command to search the help pages for information on plot command

  In the two-period intertemporal consumption model

In the two-period intertemporal consumption model, if MRS = C2/(4C1), r= 5%, Y1 = 50 and Y2 = 105, the optimal consumption combination

  What happens to the money demand and interest rates

In 1999, there was broad concern about the Y2K computer problem. Banks, and the Fed, predicted that many people would want to hold additional cash in case software glitches blocked access to their bank accounts on January 1, 2000. What happens to the..

  Inflation tax on the holders of money

Suppose that a country’s inflation rate increases sharply. What happens to the inflation tax on the holders of money? Why is wealth that is held in savings accounts not subject to a change in the inflation tax? Can you think of any way holders of sav..

  Alternative tax proposals affect income distribution

Consider other proposals to replace the federal income tax structure with a flat tax structure or a national sales tax. How would these alternative tax proposals affect income distribution?

  What is the standard deviation of the number of calls made

Is this an example of a discrete or continuous probability distribution? (c) What is the mean number of emergency calls per day? (d) What is the standard deviation of the number of calls made daily?

  Optimal amount of consumption and leisure

Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..

  Transition from bean counter to strategic partner

Over the last 30 years, management accountants have made the transition from a “bean counter” to a “strategic partner.” The advent of technology has facilitated automation and recordkeeping. As such, the management accountant has been free to develop..

  Calculate dollar rates of return on a deposit in bank

Calculate dollar rates of return on a deposit 10,000 pounds in a London bank in a year when interest rate on pounds is 10 percent and dollar/pound exchange rate moves from 1.50 dollars per pound to 1.38 dollars per pound.

  Determine the best time to replace the machine

A special purpose machine can be purchased for $90,000. The operating & maintenance expenses for each of the next five years and the market value at the end of each of the next five years are shown below. If the MARR is 15% per year compounded yearly..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd