For a plastic material firm, the total revenue generated for the month of November was $5800 and the explicit cost incurred by the firm was $1250 What would be the value of accounting profit of the firm

Q: Suppose the following costs for a 10-hour round-trip flight apply to the time frame and expenses of…

A: Fixed cost refers to those cost that are not affected by the change in production. In other words,…

Q: Water Works Plumbing Company is a small owner-managed plumbing services company that serves the…

A:

Q: Question 13 The cost index method is used estimate the cost of a component, system, or plant by…

A: Cost index are some of the time likewise alluded to as information records. The expense file…

Q: Company XYZ produces and sells scientific calculators. The company is currently producing and…

A: Change in profit can eb calculated by using the following formula.

Q: Find total revenue if accounting profit is $1000 and explicit cost is $220

A: According to the above given question we are given that:- Accounting profit = $1000  Explicit cost =…

Q: What will be the value of explicit cost of Rajan if the total revenue generated by him is $1300 and…

A: The information being given is :- We are given with the total revenue and accounting profit values…

Q: Suppose ADJ Corporation's break-even sales volume is $450,000 with fixedcosts of $200.000.(a)…

A: The given information: Fixed cost is $200,000 Sales volume of a company is $450,000

Q: The cost function of a large railroad corporation is Y=10^7+T, where Y is the total cost of shipping…

A: The cost function measures the minimum cost of producing a certain level of output for a certain…

Q: J&J Company is considering publishing a paperback textbook on spreadsheet applications for business.…

A: Thank you for the question. As per BNED, we can answer 3 subparts per session. To get the answer for…

Q: Calculate the price per unit if it is given that Total revenue is $840 and the total output is 32…

A: According to the above-mentioned question, we are given that:- Total revenue = $840 Output = 32…

Q: Calculate accounting profit if explicit cost is $300 and total revenue is $2000

A: The data presented in the question above is:- Total revenue = $2000 Explicit cost = $300 Accounting…

Q: The process for renewing a driver's license at the Archer County Courthouse is as follows. First,…

A: Labor economics: Labor economics aspects try to comprehend the working and elements of the business…

Q: From your knowledge of the relationships among the various cost functions, complete the following…

A: TFC = Production function which is not variable during short run. It remains fixed.…

Q: The revenue cost statement for a popular grocery store owned and operated by John Mathew is…

A: Accounting profit and total revenue are positively related to each other. It means as total revenue…

Q: 1. Determine the variable cost per unit and the fixed cost using the high-low method.

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Accounting profit = ? Total revenue = 8304 Explicit cost = 7231

A: Basically in the question, Total revenue value is = 8304 Explicit cost = 7231 Value of accounting…

Q: A manufacturer's total cost equation per day is given by the equation TC = 440 +4q+,0001Q². If each…

A: The functional connection that exists between costs and output is referred to as the cost function.

Q: Accounting profit is $1500 and the explicit cost is $450 Calculate the value of total revenue

A: please find below the calculation.

Q: If total revenue is $64,000 and accounting profit is $12,000 Find explicit cost

A: According to the above mentioned question, we have Total revenue = $64,000 Accounting profit =…

Q: Calculate the following variables for the Scenario A given below: • Explicit (Accounting) Cost, •…

A: Given details:- Business Information( per annum ):- Company's revenue          = $ 95,000…

Q: Calculate the total cost Calculate  the economic profit/loss for John's Grocery store.

A: Accounting profits is the difference between total monetary revenue and expenses (explicit costs).…

Q: The only owner-supplied input in a corporation is its equity, which is the value of the…

A: ANSWER: OPTION C(incurred an economic loss of $30,000). EXPLANATION: ECONOMIC PROFITS : *It is…

Q: If explicit costs is $300 and total revenue is $1000 Calculate the accounting profit

A: according to the above given question, we are given that;- Explicit costs = $300 Total revenue =…

Q: Calculate Total revenue given that accounting profit is $340 and the explicit cost is $600

A: The data presented in the question above is:- Accounting profit = $340 Explicit cost = $600 Total…

Q: A division of Ditton Industries manufactures a deluxe toaster oven. Management has determined that…

A:

Q: A pharmaceutical company manufactures two brands of vaccines. The annual demand and cost functions…

A: Given,  A pharmaceutical company manufactures two brands of Vaccines A and B The Price of Vaccine A…

Q: The management of a manufacturing company has the following information: Revenue function: R 2700Q -…

A: Profit maximization condition is where MC= MR  But revenu maximization condition where your Total…

Q: A study of 86 savings and loan associations in six northwestern states yielded the following cost…

A: Ans. To evaluate the variables that are statistically significant in explaining the variations is…

Q: The CDE Co. manufactures widgets which it sells for $9.00 each. The variable cost of each unit is…

A: Break - even quantity is   the number of units that the firm needs to sell to cover the cost of…

Q: Calculate the explicit cost if accounting profit is $3000 and the total revenue is $3900

A: The information given to us is as follows:- Accounting profits = $3000 Total revenue generated by…

Q: What will be the accounting profit of the firm if the total revenue is $1020 and the explicit cost…

A: The information being given is :- Total revenue of the firm = $1020 Explicit cost = $350  We have to…

Q: What are the variable costs for the decision to send one more person aboard a charter flight that is…

A: These are the cost of the airline given in the question: Variable cost is the cost which varies…

Q: The cost of lumber per million board feet (MBF) in January 2007 was $464.49 when the value of the…

A: MBF = 464.49 MCI = 2583.52

Q: If the accounting profit in an economy is $42 billion and the implicit cost is $29 billion find the…

A:

Q: Identify which of the following costs are fixed and which are variable:(a) Wages paid to temporary…

A: The fixed costs are the costs that remain the same as the output changes. Thus, it includes, cost of…

Q: Find the value of explicit cost of the firm if the revenue generated is $8000 and the accounting…

A: The values given are:- Total revenue = $8000 And accounting profit = $5500 We can calculate the…

Q: A company produces and sells a product and fixed costs of the company are 8500000 Baisa and variable…

A: Given, total fixed cost = 8500000 Baisa = RO.8500      (as 1000 Baisa = 1 Omani Rial (RO) Total…

Q: A company produces and sells a product and fixed costs of the company are 8500000 Baisa and variable…

A: The total cost function is the simple aggregate of the total fixed cost and the total variable cost…

Q: The management of a manufacturing company has the following information: Revenue function: R = 2700Q…

A: TR = 2700Q -15Q2 MR = 2700-30Q Profit-maximising price = 1500 TR = P*Q P = TR /Q P   = 2700-15Q ,but…

Q: If company A manufactures t-shirts and sells them to retailers for US$9.80 each. It has fixed costs…

A: "Since you have asked multiple questions with multiple parts, we will answer only first three parts…

Q: mall plant manufactures riding lawn mowers. The plant has fixed costs (leases, insurance, and so on)…

A: Break even situation refers to the economic condition where the firm earns zero profit or total…

Q: Micromedia offers computer training seminars on a variety of topics. In the seminars each student…

A: Micromedia offers computer training seminars on a variety of topics. In the seminars each student…

Q: The marginal cost function is given as:- MC = 7Q2 - 80 The quantity is given as 6 units Calculate…

A: According to the cost we are given with the marginal cost function of the firm which is:- MC = 7Q2 -…

Q: Find the level of the accounting profit Explicit cost is given as = $ 130 Total revenue = $ 190

A: Generally in the given question Explicit cost value is = $130 Total revenue value is = $190…

Q: An engineer who owns a construction company that specializes in large commercial projects noticed…

A: Per quarter growth, g = 2.6% = 0.026 Number of quarters in 2 years, n = 8

Q: Classify the following costs into either being product cost or period cost:(a) Raw material costs(b)…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Calculate the total revenue of the firm when it is given that the accounting profit is $600 and the…

A: We are provided with the information:- Accounting profit = $600 Explicit cost = $240 We need to find…