subject
Business, 14.11.2019 06:31 jocelynfray16

Yael decides that she no longer enjoys herjob, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael's costs and profit are correct?
a. an accountant would say she is earning a monthly profit of $1,500.
b. her explicit costs include the labor, rent, and supplies for her store.
c. her implicit costs are $2,500 a month.
d. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month.
e. her economic profit is $1,500 a month.

ansver
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 17:00, hrijaymadathil
Amarket is said to be equilibrium when quantity demanded is equal to quantity supplied. critically analyse the above statement by giving different types of market
Answers: 2
image
Business, 22.06.2019 10:20, jjimenez0276
Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.
Answers: 2
image
Business, 22.06.2019 10:50, slavenkaitlynn
Kimberly has been jonah in preparing his personal income tax forms for a couple of years. jonah's boss recommended kimberly because she had done a good job setting up the company's new accounting system. jonah is very satisfied with kimberly's work and feels that the fees she charges are quite reasonable. kimberly would be classified as a(n) (a) independent auditor (b) private accountant (c) public accountant (d) accounting broker
Answers: 1
image
Business, 22.06.2019 11:00, neash19
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 3
You know the right answer?
Yael decides that she no longer enjoys herjob, and she quits to open a gluten-free, dairy-free koshe...

Questions in other subjects:

Konu
Arts, 03.03.2020 23:55