Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?

Chicago Steel's operating activities for the year are listed below. Beginning inventory $1,000,000Ending inventory $350,200Purchases $750,400Sales revenue $1,500,900Operating expenses $700,500What is the gross profit for the year?

What is the creation of uniform, single culture called?

Two people can benefit from specialization and trade by obtaining a good at a price that is a. lower than his or her opportunity cost of that good. b. the same as his or her opportunity cost of that good. c.

3. A. You have $25 in the United States. Imagine you are visiting India in 2013 to check out new products. How much would your $25 be in Indian rupees? (Be sure to show your work.) B. You read a news article about a great new invention in Canada.

Who profits incentives

April Stigum will receive a 6 year annuity of $2,000 per year, beginning 7 years from today. In other words, the first payment will be made at the end of year 7.

What is the one trait that you have that you believe would be an asset to any employer?

Delta Technologies, Inc., operates in a perfectly competitive market and has experienced economies of scale because of advanced technologies that have allowed it to make production more efficient. Delta Technologies, Inc.

Institutions specialize in raising money for governments and corporations by issuing securities.

When heavy rain ruined the banana crop in central america, the price of bananas rose from $1.00 a pound to $2.00 a pound. growers sold fewer bananas, but their total revenue remained unchanged.