Business

12 January, 03:35

Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store earned an economic profit of $50,000 last year, this means that the store's accounting profit equaled: a $6,000. b $56,000. c $94,000. d $2,044,000. e $2,050,000.

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Suppose a local hardware store has explicit costs of $2 million per year and implicit costs of $44,000 per year. If the store earned an ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Bruce borrowed $1,000 for his trip. If Bruce waits for five years to begin paying back his loan, how much will he owe? A. $1,200 B. $1,300 C. $1,500 D. $1,800

When the Fed adjusts its interest rate, it directly influenced consumer?

What is an assessment of what you own and what you owe? Personal balance statement Cash flow statement Budget statement Liability statement

Kalifornia Koffee markets its coffee as coming from organic plantations that reflect sustainable agriculture practices.

A woman has homesteaded her residence. Her home has an assessed value of $279,000. She is a nonveteran who is totally and permanently disabled as a result of a serious car accident. She is also legally blind.

New Questions in Business

What is the difference between capital gain and capital loss?

g The Council of Economic Advisors to the President of a country reported gross investment expenditure at $400,000 during a particular year.

What are the order of in which management can take legal action against a employee

What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.

JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.