Recently, a woman named mary krawiec attended an auction in troy, new york. at the auction, a bank was seeking to sell a foreclosed property: a large victorian house suffering from years of neglect in a neighborhood in which many properties had been on the market for years yet remained unsold. her $10 offer was the highest bid in the auction, and she handed over a $10 bill for a title to ownership. once she acquired the house, however, she became responsible for all taxes on the property amounting to $4,500 and for an overdue water bill of $2,000. in addition, to make the house habitable, she and her husband devoted months of time and unpaid labor to renovating the property. in the process, they incurred explicit expenses totaling $63,792.a. calculate mary krawiec's explicit cost. b. mary krawiec's total cost is her explicit cost. c. if the bank were to own the property, its total costs were likely to be mary krawiec's explicit cost. d. the bank was willing to sell the house at auction to ms. krawiec for only $10 because if the bank paid to renovate the property, paid the back taxes, and paid the overdue water bill

)a business incurs the following costs per unit: labor $125/unit, materials $45/unit, and rent $250,000/month. if the firm produces 1,000,000 units a month, calculate the following: a. total variable costs b. total fixed costs c. total costs

The director of the federal trade commission (ftc) bureau of consumer protection warned that the agency would bring enforcement action against small businesses that select one: a. failed to inform the public about network failures in a timely manner b. failed to transmit sensitive data c. did not report security breaches to law enforcement d. lacked adequate policies and procedures to protect consumer data.

P8-4b dropping unfavorable division based on the following analysis of last year's operations of groves, inc., a financial vice president of the company believes that the firm's total net income could be increased by $160,000 if its design division were discontinued. (amounts are given in the thousands of dollars.) required provide answers for each of the following independent situations: a. assuming that total fixed costs and expenses would not be affected by discontinuing the design division, prepare an analysis showing why you agree or disagree with the vice president. b. assume that the discontinuance of the design division will enable the company to avoid 30% of the fixed portion of cost of services and 40% of the fixed operating expenses allocated to the design division. calculate the resulting effect on net income. c. assume that in addition to the cost avoidance in requirement (b), the capacity released by discontinuance of the design division can be used to provide 6,000 new services that would have a variable cost per service of $60 and would require additional fixed costs totaling $68,000. at what unit price must the new service be sold if groves is to increase its total net income by $180,000?