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Math: profits and costs

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Microeconomics
3. Suppose that a business incurred implicit costs of $500,000 and explicit costs of $6 million in a specific year. If the firm sold 100,000 units of its output at $60 per unit, its accounting: A) profits were $100,000 and its economic profits were zero. B) losses were $500,...

Economics
Suppose that a tour bus business incurred implicit costs of $600,000 and explicit costs of $7 million in a specific year. If the firm sold 125,000 tours at $60 per person, its accounting: A) profits were $100,000 and its economic profits were $500,000. B) losses were $100,000 ...

Economics
Suppose you own a home remodeling company. You are currently earning short-run profits. The home remodeling industry is an increasing-cost industry. In the long run, what do you expect will happen to a. Your firm's costs of production? (will production costs rise or fall and ...

Microeconomics
Which of the following is most likely to be true of economic and accounting profits? a. economic profits are less than accounting profits. b. accounting profits are less than economic profits. c.economic profits plus accounting profits equal zero. d. accounting profits minus ...

Math: profits and costs
Anne and Carol conducted a cooking class. They collected $375 from the participants as registration fees. They used $180 of this money to pay for rental of the kitchen. Carol took the remainder of $195 and $205 of her own money for Anne to buy food. Anne spent $351 (she has $...

Mathematics
How do I find profits? Money taken in - costs= Profit. That is pretty simplistic, but the good answer to your question depends on exactly how you are asking it: what are the givens, the costs, and how is money and when is it counted.

pre-algebra
Translate the following into an inequality. Do not solve. Profits in the second quarter for a local retailer were all 112% of that in the first quarter. Profits in the third quarter were 87% of that in the first quarter. The profits for the three quarterscombined exceeded $255...

Math
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $3,500 and Z invests $2,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?

math
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $3,500 and Z invests $2,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?

math
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $3,500 and Z invests $2,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?

Math
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $4,500, and Z invests $1,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?

math
First year profits of a business were $900 . Second year profits were $1200 . What percent of the first year profits were the second year profits.

Managerial Econmics
Suppose you own a home remodeling company. You are currently earning short- run profits. The home remodeling industry is an increasing- cost industry. In the long run, what do you expect will happen to … a. …your firm’s costs of production? Explain. b. …the price you ...

math
From one year to the next the profits of Company a increased from $ 350,000 to $ 425,00 . During that same time period,Company B profits increased from $ 725,000 to $ 950,00 . How much more was company B percent in profits than company A'?

accounting
take suitable example and explain the impact of costs and volume on profits of a business.

Economics
The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short –run supply curve for ...

Economics
The handmade snuffbox industry is composed of 100 identical firms, each having short – run total costs given by STC = 0.5q2 + 10q + 5 and short – run marginal costs by SMC = q + 10 where q is the output of snuffboxes per day. a) What is the short –run supply curve for ...

math
lonny has 15$ to buy some groceroies for his mom.milk costs $2.39,bread costs $1.29.eggs costs $0.79,and mayonnaise costs $2.49. if he buys one of each item, can he expect to get $10 in change?

Economics
If the market price falls below $4.50, the firm will earn A. positive economic profits in the short run. B. negative economic profits in the short run but remain in business. C. negative economic profits in the short run and shut down. D. zero economic profits in the short run.

aptitude
Three individuals form a partnership and agree to divide the profits equally. X invests $4,500, Y invests $3,500 and Z invests $2,000. If the profits are $1,500, how much less does X receive than if the profits were divided in proportion to the amount invested?

Pre-Algebra
Three individuals form a partnership and agree to divide the profits equally. X invests $9,000, Y invests $7,000, Z invests $4,000. If the profits are $4,800, how much less does x receive compared to having the profits divided in proportion to the amounts invested by X, Y, and Z?

Operation
Parsa Real Estate is a company that buys and rents real estate. The company is looking into buying an office building for $1M.Thebuilding has 10,000 square feet of rentable office space. The company analysts predict that they can rent the office space for $6 per square foot ...

Other
Do you know what the 5 OMM costs of a restaurant would be. I know what the 5 OMM costs are (raw materials and components costs, plant costs, labor costs, inventory costs, and distribution costs) but I need to know what they would be for a restaurant.

English
Do you know what the 5 OMM costs of a restaurant would be. I know what the 5 OMM costs are (raw materials and components costs, plant costs, labor costs, inventory costs, and distribution costs) but I need to know what they would be for a restaurant.

math
J and P are partners. J does four times the work of P, and also takes four times the profits. If total profits for the month of June is $8,000, what is J's share?

Law
•Provide a chart showing some of the basic costs of crime, including indirect costs (such as emotional costs) and economic costs. •Discuss the concept of indirect costs of crime. •List at least three indirect costs of crime. These costs can be costs to the individual or ...

Managerial Economics
Textbook authors typically receive a simple percentage of total revenue generated from book sales. The publisher bears all the production costs and chooses the output level. Suppose the retail price of a book is fixed at $50. The author receives $10 per copy, and the firm ...

FINANCE
Need help on this Study Problem. Chevy's Manufacturing has fixed costs (e.g. depreciation) of $40,000 which can be directly attributable to producing a particular product. the product sells for $2 a unit and variable costs are $1.20. What is the break-even point in units? ...

ROI and NPV
In the following problems, you will calculate the “simple metrics” for project selection. For these problems, please use the following data and assume discount rate (interest rate) of 0.06. Project A The upfront cost of the project is $500,000. This cost is incurred in ...

Social studies
Which of the following factors was most responsible for an unequal distribution of wealth? A There was an increase in business profits. B Wages were not keeping pace with profits of business owners. C Wages were not keeping pace with profits of business owners. D There was ...

business law
. John, Lesa, and Trevor form a limited liability company. John contributes 60% of the capital, and Lesa and Trevor each contribute 20%. Nothing is decided about how profits will be divided. John assumes that he will be entitled to 60% of the profits, in accordance with his ...

math (patterns)
Heres the problem: Winchester's local toy store sells items according to its own pricing system. A doll costs $10, a toy train costs $20, a cradle costs $20, a jumping jack costs $30, and a Tickle Me Elmo costs $50. Using the same system, how much does a drum cost? I know the ...

Economics
PROBLEM SOLVING 1: "ANDREA'S SOFTWARE BUSINESS" I. Complete the following table: DO THE MATH Data Number of Programs Total Fixed Costs Total Variable Costs Total Costs Marginal Costs Average Fixed Costs Average Variable Costs Average Total Costs 0 $60 $0 $60...

law
Profits for a firm increase by lowering the firm’s __________ costs. (Points: 5) social judicial operating damage Is it "operating"

math
. A company that made $2.4 million in profits the previous year is on pace to make $3 million in the current year. If the company makes this figure, which of the following is the percent increase in profits? 16. .. A. 6% B. 11% C.20% D.25%

Math
A company that made $2.4 million in profits the previous year is on pace to make $3 million in the current year. If the company makes this figure, which of the following is the percent increase in profits? A. 6% B. 11% C.20% D.25% I'm stuck between c & D

Business Math
Expected profits over next two years: Year 1: $105,000 Year 2: $230,000 If the discount rate is 7%, what is the present value of profits at Year 1 and Year 2? How do I get this answer? Thanks, Chad

IFSM 300
The sales department tells management that they can increase revenue by 20 percent by increasing sales 20 percent, but the production department says that to achieve that number of units, they will have to buy a new piece of equipment that will add $200,000 to the appropriate ...

Health administration
Health systems can be formed through which of the following mechanisms Ownership Not-for-profits For-profits Mergers

history
Improved technology in the production of small cars often results in lower production costs. Which of the following will most likely result from these reduced production costs? 1)the price of domestic small cars will decrease. 2)the demand for domestic small cars will decrease...

Economics
1) Lowering the price by 10%. What is the break-even level of output? The company produces specialized glass units and is concerned that, as the market leader, they should be able to make higher profits than they currently are. The firm’s costs are as follows; overheads ‘d...

math
The fixed costs of oreparting a business are the costs include rent, fixed salaries, and costs of buying machinery. The variable costs of operating a business are the costs that change with the level of ouput. Variable costs include raw materials, hourly wages, and electricity...

social studies
improved technology in the production of small cars often results in lower production costs? which of the following will most likely result from these reduced production costs? (1)the price of domestic small cars will decrease. (2)the demand for domestic small cars will ...

math
You are the financial planner for Johnson Controls. Assume last year’s profits were $760,000. The board of directors decided to forgo dividends to stockholders and retire high-interest outstanding bonds that were issued 5 years ago at a face value of $1,420,000. You have ...

Accounting
Which of the following is NOT added back to Net Profits After Taxes to produce the numerator in Coverage Ratio? A. profits taxes B. interest on debt C. cost of materials D. depreciation

Maths Algebra
The company produces specialised industrial air extraction units and is concerned that, as the market leader, they should be able to make higher profits than they currently are. The firm’s costs are as follows; overheads ‘d’ are £800,000 labour costs per unit ‘e’ ...

microeconmics
intro to microecnomics, easy, not enough time to do! twenty questions, need soon. Sample question: Unlike a perfectly competitive firm, a monopolistic competitor operates in the long run at a point at which a. P = ATC. b. MR = MC. c. unit costs are not minimized. d. profits ...

Math
3. The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable or suppliers costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this ...

finance
If a company has fixed costs and is operating above the breakeven point, when sales increase by 15%, profits will: a. increase by less than 15% b. increase by 15% c. increase by more than 15% d. decrease by less than 15%

Economics
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 - Q. What are the profits of the monopoly in equilibrium? A. $225 B. $120 C. $345 D. None of the statements associated with this question are...

math
Christina Dwyer is searching for a new job. She lives in Shreveport, Louisiana, and has interviews in Barrow, Alaska; Tucson, Arizona; and Rochester, New York. The cost of one-way flights between these four cities is as follows: Shreveport to Barrow costs $855, Shreveport to ...

Economics
"The reason why firms charge a lower price at higher output levels because they are able to spread their fixed costs over a large production run" This is a true of false question and I would just like to know where i might look to answer this question, i.e. is it something to ...

accounting
how do you calculate PV ratio? What do you mean by "PV" Is it Present Value, which takes some nominal amount in the future and divides by an appropriate discount rate. Or does your PV mean Profit Volume, which is profits (possibly without regard to fixed costs) divided by ...

Managerial Economics/Math
This is an MBA-level Managerial Economics course. I am working on a homework assignment and have a couple problems that I don't really know how to get started. Here is another: Assume that a drug manufacturer sells a major drug in Europe and the U.S. Because of legal ...

Managerial Economics and Globalization
Describe how two Monopolistically competitive firms respond to the current macroeconomic conditions in terms of: stock performance, current/future revenue, current/future profits, labor costs,and hiring decisions.

5th grade math
a company shows profits of $78020 the company wants to divide one quarter of the profits evenly among 47 emplpoyees how much money will each employee receive? how do I divide $78020 by one quarter?

math
Argus company makes three products: A, B, and C. Each unit of A costs $4, each unit of B costs $2, and each unit of C costs $1 to produce. Argus must produce at least 20 As, 30 Bs, and 40 Cs combined. Minimize Argus's costs

math
A school booster club is selling T-shirts. The silk screening company is selling shirts to the boosters for $3 each, plus a one-time fee of $150 to cover supply costs. If the boosters want to make at least $300 in profits and they sell a shirt for $12, how many shirts do they ...

Algebra
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and ...

algebra
The costs of doing business for a company can be found by adding fixed costs., such as rent, insurance, and wage, and variable costs, which are the costs to purchase product you are selling. The portion of the company's fixed costs allotted to this product is $600, and the ...

algebra
the costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company's fixed costs allotted to this product is $600, and the...

math
A box of 20 Crunchy Munchy cookies costs $2.50 and a box of 40 Crunchy Munchy cookies costs $4.00. One quart of milk costs $1.50. Which of the following options costs less?

Accounting
What equation was used to get the answer in requirement 3? Consulting to control costs. Requirement 1. Compute Draper's predetermined overhead (OH) allocation rate for 2018. Estimated OH costs / Estimated direct labor costs = Predetermined OH allocation rate $198,000 / $990,...

Math (algerbra)
clay potts owns a pottery store. his brother jack works there for $50 dollars there and then gets .1 percent of the daily profits. clay gets the rest of the profits. Question------------------------------- A) What number of dollar PROFIT must the store make in one day for each...

economics
Suppose a company has the following costs: Labor $400 Equipment $300 Materials $100 A)What is the total accounting cost? B)What is the total economic cost? In general, accounting costs are the dollars paid for goods and services. In your example $800. Economic costs are ...

economics
For example the productive needs of the firm would be to set (Marginal Revenue = Marginal Costs (MR = MC) and create excess profits for the firm. However, as far as what is in the best interests of society it might be Price or (Average Revenue) = MC. Give the answers of both ...

math 2 questions
Three indviduals form a partnership and agree to divide the profits equally. X invests $6,500, Y invests $2,000, and Z invests $1,500. If the profits are $3,000, how much less does X receive then if the profits were divided in proportion to the amount invested? In printing an ...

IFSM
The chief information officer recommends that a new computer and software costing $100,000 be purchased and installed because it will decrease administrative costs by $4 per hour and management allocation by $2 per hour, resulting in a 10 percent increase in profits. Will this...

Math
At one store, a pair of jeans costs $29 and a shirt costs $25. At another store, the same kind of jeans costs $26 and the same kind of shirt costs $20. The answer is 29j – 26j + 25s -20s = 3j – 5s. What is the question?

Statistics
A certian company enjoyed 3.5% profits in year 1 over its revenue in Year 0. In Year 2, it enjoyed 5.75% profits over Year 1. In Year 3, it posted 1.25% profits over Year 2. What single, constant profit over this period of years would have produced the same profit? The teacher...

Calculus
it is assumed that the toothpaste market is perfectly competitive and the current price of a case of toothpaste is 42.00. CPI (the company) has estimated its marginal cost function to be as follows: MC (Marginal Costs) =.006Q (Quantity). The board would like to know how many ...

Microeconomics
The marginal costs and prices of a purely competitive market system accurately measure: a. Both spillover costs and spillover benefits b. Spillover costs but not spillover benefits c. Spillover benefits but not spillover costs d. Neither spillover costs nor spillover benefits ...

Algebra
A farmer has 20 acres to plant in wheat and barley. He has to plant at least 15 acres. Wheat costs $200 per acre to plant and barley costs $150 per acre, and the farmer has only $2400 to spend. If the estimated profit of an acre of wheat is $450 and the estimated profit of an ...

economics
1. A sudden escalation in medical costs for treatment of ischemic heart disease would immediately: Answer Benefit providers. Be passed on to consumers. Benefit insurance companies. Decrease insurance company profits in the short term. Decrease tax revenues to the federal ...

walden
4.During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies. It did not do so this time? ...

ecnomics
4.During the energy crisis of the 1970s, and again in the last 5 years, Congress bemoaned the “price gouging” and “windfall” profits of the major oil companies. In the 1970s Congress imposed an “excess profits tax” on these companies. It did not do so this time? ...

Stats
A certian company enjoyed 3.5% profits in year 1 over its revenue in Year 0. In Year 2, it enjoyed 5.75% profits over Year 1. In Year 3, it posted 1.25% profits over Year 2. What single, constant profit over this period of years would have produced the same profit? The teacher...

MAT 117 - ALGEBRA 2
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $195, and ...

Math- Best Buy
In comparing prices of canned peaches, Darren finds that a 10-oz can costs 98 cents, a 16-oz can costs $1.49, and a 24-oz can costs $2.35. Which is the best buy? My Guess: 10-oz*2.4=24-oz 2.4*$.98=$2.35 16-oz*1.5=24-oz 1.5*$1.49=$2.24 24-oz=$2.35 Best Buy- 16-oz for $1.49In ...

Data Management
This is a hard question as it has a diagram. Basically the diagram states: Victoria - Montreal costs $580 Victoria - Saskatoon costs $230 Victoria- Toronto costs $505 Saskatoon - Toronto costs $398 Toronto - Charlottetown costs $395 Toronto - Montreal costs $189 Montreal - ...

MIcroeconomics
Hi. THis is due Tuesday. I am working on it but can use some help. Peggy-Sue has been offered a job by Cookie monster inc for a salary of $125,000 per year. Currently she is producing her own cookies and she has revenues of $260,000 per year. Her costs are $40,000 for labor, $...

5th grade
lonny has $15 to buysome groceries for his mom .milkcosts $2.39,bread costs $1.29,eggs costs $0.79, and mayonnaise costs $2.49. if he bys one of each item ,can he expect to get $10 in change?

managerial economics
assuming that the firm's goal is to maximize present value of the profits in the subsequent 5 years, which of the following flows of profit would achieve that goal? Justify your answer. Note that the flows are represented by 5-tuples, i.e. five number each of which represents ...

maths
Mike asks Billy to help him run his lemonade stand. He’ll either pay him 2/5 of ½ of the stand’s profits, or 1/3 of ¾ of the stand’s profits. Which should Billy choose to maximize the amount he will earn, and by what amount will his earnings be increased?

math
A company's sales revenue decreased by 15% from one operating period to the next. Assuming no change in the prices of its inputs and outputs, by what percentage did: Fixed costs change? Unit variable costs change? Total variable costs change?

Math
5) A car manufacturer has manufacturing plants in 3 major cities. Below are the daily amounts of cars produced per plant for 3 different model types. (matrix A) Model X Model Y Model Z Plant A 12 10 0 Plant B 4 4 20 Plant C 8 9 12 Due to wage increases, the April profits are ...

Math
24% of tennis rackets costs 50$ or more what percent costs less then $50

General Economics
• Businesses often decide between using automation and labor in production. An automotive environment may have high fixed costs and low variable costs, and an industry that utilizes manual labor for production will have low fixed costs and high variable costs. How would you ...

BUSINESS ACTIVITY
In my IGCSE biznis exam next yr i'll b asked to demonstrate an understanding of the business activity in adding value and helping people satisfy their needs in a changing competitive environment. Now, I'm not asking for ne explanantion here cuz tht's almost impossible. I'd ...

Math
A 3 pack of boxes of juice costs $1.09.A 12 pack of boxes costs $4.39. A case of 24 boxes costs $8.79. Which is the best buy? explain your reasoning.

Economy Today
Do total profits (A) decrease, (B) increase, or (C) stay the same when new technology reduces average total costs (shifts ATC downward in Figure 26.2 ) in (a) An unregulated natural monopoly? (b) A price-regulated natural monopoly? (c) A profit-regulated natural monopoly?

Need Help on this Microeconomics question, really
If firms in perfect competition all pay the same price for resources and all receive the same price for outputs, how can they have different total profits or different profits per unit sold?

Math
A manager at a concert venue is looking at the profits earned from the sale of tickets to an event. The manager wants to determine the amount of profits made based on a predicted number of tickets sold for the event. Assuming the profit per ticket is constant, as the number of...

Microeconomics
6.) "Since peaking in 1976, per capita beef consumption in the United States has fallen by 28.6 percent... [and] the size of the U.S. cattle herd has shrunk to a 30-year low." a.) Using firm and industry diagrams, show the short-run effect of declining demand for beef. Label ...

algebra
The costs of doing business for a company can be found by adding fixed costs, such as rent, insurance, and wages, and variable costs, which are the costs to purchase the product you are selling. The portion of the company’s fixed costs allotted to this product is $300, and ...

Math
how many CDs can be bought from an internet music store for $100 if each CD costs $14.99 and shipping and handling costs for the entire order is $8.50?

Health care Economics
4. The following is a cost function for clinic visits in a small inner city clinic. Quantity of Visits Total Costs per Week Marginal cost 0 $10 0 1 15 5 2 25 10 3 45 20 4 75 30 5 115 40 6 165 50 a. Determine the marginal cost for each level of output b. If the price per visit ...

statistics
the average yearly utility costs on Middleton is $1722 with stdev of 146. assume that the utility costs follow a normal distribution. 1) What would the utility costs have to be so that only 7% of houses in Middleton have utility costs greater than this amount

Algebra
Please show how to solve for problems like this: How many pounds of coffee that costs 4.50/lb be mixed with 20 lbs of coffee that costs 7.50/lb to make a mixture that costs 5.00/lb

Unit rate
100 into 40 in 5 hrs http://www.eduplace.com/math/mathsteps/6/e/ 500 A 6 pack of juice boxes costs $3.99, A 24 pack costs 9.99, A 12 pack costs $5.99. What is the least expensive way to do this? What do 158 juice boxes cost? Explain it A 6 pack of juice boxes costs $3.99, A 24...

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