This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Fixed and Variable CostsDaisy has a cupcake decorating supply shop, Daisy's Decorating Depot.Last ... (Read 152 times)

kms5229

  • Full Member
  • ***
  • Posts: 148
on: Nov 23, 2022
Fixed and Variable Costs

Daisy has a cupcake decorating supply shop, Daisy's Decorating Depot.
Last year, the shop earned $92,000 in total revenue and spent $22,000 on decorating supplies, $1490 on electricity and other operating costs, and rented her store front for $1450 a month. In addition, she paid a total of $1250 on corporate and income taxes.
Before opening the shop, Daisy worked full time (40 hours a week for 52 weeks) at a movie theatre that paid $10.50 an hour. To start her business, Daisy quit her job and withdrew $22,000 from her bank account – where she was earning 7.50% interest per year – and used the funds to purchase decorating supplies.
What are Daisy's explicit costs? Implicit costs? Please round your final answer to two decimal places.
◦ $40,890.00, $23,490.00
◦ $42,140.00, $23,490.00
◦ $42,140.00, $21,840.00
◦ $40,890.00, $21,840.00
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kms5229 on Nov 23, 2022

jojo120419

  • Full Member
  • ***
  • Posts: 158
Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


kms5229

  • Member
  • Posts: 148
Reply 2 on: Nov 23, 2022
Gracias!

raili21

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The calories found in one piece of cherry cheesecake could light a 60-watt light bulb for 1.5 hours.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

blood supply blood supply
Myocardial Oxygen supply and demand Myocardial Oxygen supply and demand
A first aid box should be centrally located in the shop and kept stocked with the recommended ... A first aid box should be centrally located in the shop and kept stocked with the recommended ...
An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ... An overhead camshaft engine equipped with variable valve timing on both the intake and exhaust ...
How to rearrange formulas to isolate for a variable How to rearrange formulas to isolate for a variable
The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ... The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ...
Video: Premenstrual Syndrome

For a complete list of videos, visit our video library