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 126 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
YES! Correct, THANKS for helping me on my review

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th Common sites of amputation. (A) Upper extremities. (B) Lower extremities. The surgeon determines th
Daisy Fleabane Daisy Fleabane
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 ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The original Supply and Demand graph The original Supply and Demand graph
A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ... A 31.1-g sample of Ne gas exerts a certain pressure in a container of fixed volume. What mass ...
Video: Studying the Left and Right Brain Independently

For a complete list of videos, visit our video library