Suppose you and a friend are thinking about opening a fast food vending service at a nearby resort during your summer break. This will entail serving pizzas out of a vendor's truck. This is an alternative to working in a factory where you can each make $7000 over the summer break. A fully equipped truck could be leased for $9000. Insurance and other operating costs total $1000. Given your projected sale revenues of $33,000 you anticipate your variable costs to total $8,000. Together, you and your friend have just enough money to cover all of the summer's fixed and variable costs of the business in the bank. If you pull that money out of the bank, then you will have to collectively forego $1500 in interest for the summer. a. What would be the accounting profit for your business? b. What would be the economic profit for your business? c. Should you go into the business?

Answers

Answer 1

The accounting profit for your business would be $25,000. This is calculated by subtracting the total costs ($9,000 + $1,000 + $8,000) from the total revenue ($33,000).

b. The economic profit for your business would be $16,500. This is calculated by subtracting the total costs ($9,000 + $1,000 + $8,000) from the total revenue ($33,000) and then adding back the interest that you would have earned if you had left the money in the bank ($1,500). c. Whether or not you should go into the business depends on your personal preferences and goals. If you are looking to make the most money possible, then you should probably work in the factory. However, if you are looking for a more entrepreneurial experience and the opportunity to make more money than you would working in a factory, then you should go into the business.

Here are some additional factors that you should consider when making your decision:

How much do you enjoy working in the food service industry?

How much risk are you willing to take?

How much time are you willing to commit to the business?

If you decide to go into the business, there are a few things that you can do to increase your chances of success:

Do your research and make sure that there is a demand for your product or service. Starting a business is a lot of work, but it can also be very rewarding. If you are willing to put in the effort, you can be successful.

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Related Questions

Now assume that a U.S.-based MNC just signed a contract to import electronic equipment from the U.K. At today's exchange rates, the shipment is worth $50 million. The current exchange rate is $1.2240/. The goods are to be delivered and the payment settled in British pounds in the three months. How much is the MNC foreign exchange exposure? a An outflow of $50.00 million b An inflow of $50.00 million
c An outfiow of £61.20 million
d An inflow of £61.20 million

Answers

The MNC foreign exchange exposure is an outflow of £61.20 million.The foreign exchange exposure refers to the potential risk faced by a multinational company (MNC) due to changes in exchange rates.

In this case, the MNC has signed a contract to import electronic equipment from the U.K. and the payment will be settled in British pounds The value of the shipment is $50 million, and the current exchange rate is $1.2240/£. To determine the foreign exchange exposure, we need to convert the dollar amount into pounds. £50 million is equivalent to: £50 million = $50 million / $1.2240/£ ≈ £40.92 million Therefore, the MNC's foreign exchange exposure is an outflow of £40.92 million. Since the question provides the answer choices in terms of £, we need to convert this amount into £: £40.92 million ≈ £61.20 millionHence, the MNC's foreign exchange exposure is an outflow of £61.20 million.

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What is division of labor? A. Another name for specialization, this is when an individual focuses on one specific skill in the field. B. This is when an individual focuses on many different skills and aspects of a business. C. This is when an organization can produce goods more cost effectively when it produces higher volumes of that good. D. This is when an organization is able to produce goods at a lower cost and sell for a lower cost to make a profit.​

Answers

Answer:

A

Explanation:

division of labour means breaking down the production process and giving to task to workers.

Please comment on the opinion ""outsourcing simply should not occur because it is unethical to lay off productive and loyal workers just to save some money"". Or What if it was your job (or your parent’s job) being outsourced?

Answers

The opinion expressed is that outsourcing should not occur because laying off productive and loyal workers is unethical to save money. Outsourcing refers to reducing costs.



When considering this opinion, it is important to note that the ethical implications of outsourcing can vary depending on the specific circumstances and perspectives involved. While some argue that outsourcing can lead to the loss of jobs and negatively impact local economies, others believe it can lead to greater efficiency and economic benefits in the long run.

In the case of a job being outsourced, it can be challenging for the affected individual or their family. Losing a job due to outsourcing can have financial and emotional consequences. However, it is also important to acknowledge that outsourcing decisions are typically made based on business considerations such as cost savings and competitiveness in the global market.

When discussing this topic, it is essential to approach the conversation with empathy and respect for differing opinions. It is valuable to consider the broader economic implications and explore potential solutions, such as retraining and providing support for affected workers, to mitigate the negative impacts of outsourcing.

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when a bond is sold at a premium the: group of answer choices effective interest rate is less than the stated rate. effective interest rate is greater than the stated rate. effective interest rate relative to the stated rate is not known. interest expense during the life of the bond exceeds the amount of cash interest payments during the life of the bond.

Answers

When a bond is sold at a premium the effective interest rate is less than the stated rate. This statement is true regarding a bond sold at a premium. When a bond is sold at a premium, it is selling for more than its face value.

Bond premiums arise when the stated interest rate (coupon rate) of the bond is greater than the market interest rate on the date the bond face value issued.

Bond premiums are established by market forces, and they reflect a bond's creditworthiness and the current state of the economy. Bond premiums are one of the most well-known bond concept.

Bond premiums arise when the market is weak and the demand for securities is limited, while the supply is excessive. In comparison to the face value of the bond, the premium is expressed as a percentage.

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true or false, leadership has been defined as the process of transforming organizations from what they are to what the leader would have them become.

Answers

True.

Leadership has indeed been defined as the process of transforming organizations from what they are to what the leader envisions them to become. This definition highlights the proactive and visionary nature of leadership, emphasizing its role in driving change and progress within an organization.

Leaders are responsible for setting a clear direction, inspiring and motivating their team, and guiding them towards achieving a shared vision. They influence and empower others to contribute their skills and efforts towards realizing a desired future state.By recognizing the current state of the organization and envisioning a future state, leaders take on the responsibility of initiating and managing the transformation process. They identify areas for improvement, introduce innovative strategies, and make decisions that align with their vision.Transformational leaders, in particular, emphasize the importance of inspiring and empowering their followers, fostering a sense of shared purpose, and creating a supportive environment for growth and development.

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what is the purpose of the trade union?

Answers

A trade union is an organisation made up of members (a membership-based organisation) and its membership must be made up mainly of workers. One of a trade union's main aims is to protect and advance the interests of its members in the workplace. Most trade unions are independent of any employer.

"A customer contributed $50,000 to a variable annuity contract. The account value has grown over the years and the NAV is now $70,000. The customer is now age 60, and takes a lump-sum distribution of $25,000 to pay for expenses. Which statement is TRUE?"

Answers

Answer: $20,000 of the distribution is taxable and $5,000 is not taxable

Explanation:

The options to the question are:

A. The entire $25,000 distribution is not taxable

B. $5,000 of the distribution is taxable and $20,000 is not taxable

C. $20,000 of the distribution is taxable and $5,000 is not taxable

D. The entire $25,000 distribution is taxable.

From the question, we are told that a customer contributed $50,000 to a variable annuity contract and that the account value has grown over the years and the NAV is now $70,000.

We are further told that the customer is now age 60, and takes a lump-sum distribution of $25,000 to pay for expenses. This indicates that there will be tax deductible in the amount of :

= $70000 - $50000 = $20,000. It should also be noted that $5000 won't be taxed.

the best way to assess a person's competence to do the work is looking at how he/she dresses. T/F

Answers

The given statement, "the best way to assess a person's competence to do the work is by looking at how he/she dresses" is false because the best way to assess a person's competence to do the work is by evaluating their skills, experience, qualifications, and performance on the job.

Assessing a person's competence to do the work based solely on how they dress is not an accurate or reliable method. Clothing choices are not a direct reflection of a person's skills, abilities, or qualifications for a particular job.

Competence in a work context is determined by a combination of factors, including education, training, experience, knowledge, problem-solving abilities, communication skills, and work performance. These factors are better evaluated through objective measures such as resumes, interviews, assessments, references, and past work experience.

While professional attire and personal presentation may be important in certain industries or job roles that require specific dress codes or client-facing roles, they should not be the sole or primary basis for assessing competence. It is important to consider a comprehensive set of criteria and performance indicators relevant to the specific job requirements and responsibilities when evaluating a person's competence for a role.

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in the ________ model of informed consent, personal information cannot be collected until the consumer specifically agrees that his or her data can be collected.

Answers

A customer must expressly consent to the collection of his or her personal information before it can be done under the Opt-out model of informed consent.

A customer's personal information may be collected and used by businesses for marketing, promotional, and other reasons under the opt-out model of informed consent. For instance, in the opt-out model, a firm may use your cell number to deliver informed consent marketing materials and customized services unless you want to unsubscribe from the company's collection and use of your personal information.

A policy known as the "opt out" model allows the consumer to specify whether or not their data should be gathered. a model that, informed consent unless specified differently, assumes inclusion. This strategy supports the provider's or producer's of ethical stance.

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I NEED HELP ASAP!!!!
What advice would you give to shavonne to help her solve this problem with translation?

I NEED HELP ASAP!!!!What advice would you give to shavonne to help her solve this problem with translation?

Answers

Answer:

Do that thing with the rope where each kid holds on to a section and that way they are separated and not pushing. you could even make it fun like pretend they are a snake and serpentine.

Which table correctly lists the assets and liabilities?

A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries car, home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, credit card debt, tax bill. Column 2 is labeled Liabilities with entries leased car, mortgaged home, savings bond, stocks.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries leased car, mortgaged home, savings bond, stocks. Column 2 is labeled Liabilities with entries car, home, credit card debt, tax bill.
A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.

Answers

Answer:

A 2-column table with 4 rows. Column 1 is labeled Assets with entries car, home, savings bond, stocks. Column 2 is labeled Liabilities with entries leased car, mortgaged home, credit card debt, tax bill.

Explanation:

An asset is a valuable item that a person or a corporation owns. An asset has an economic or monetary value attached to it.  It is a resource used in generating future benefits, save costs, or produce goods and services. From the list provided, a car, home, savings bond, stocks represent assets.

Liabilities are things or money owed. They are debts or obligations to be met. A mortgage is a debt; hence it is a liability. A leased car belongs to someone else and presents an obligation to pay, making it a liability. The tax bill is a debt.

Answer:

The answer is D.  

Hope you past the Cumulative Exam Review!

Explanation:

Disadvantages of choosing a job that is extremely popular or in demand

Answers

The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.

What is a high demand job?

This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.

The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.

The number of qualified persons may become more than the job that is available for the people to do in the long run.

Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.

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I have been wanting to write a script for a while now but i dont have a plot, please give me a plot idea most creative gets brainliest

Answers

Answer:

plot : in suburbs

oh girl who was abused all her life the forced into human trafficking ‍♀️

carriage inward is recorded on the dash account
a credit side of the trading
b debit side of the cash book
c debit side of the trading
d credit side of the profit and loss

Answers

Answer:

A or the first option

Explanation:

Answer:

C

Explanation:

Carriage inwards is an expense and expenses are debited.

what is meant by limited government?

Answers

Explanation:

A limited government is one whose legalized force and power is restricted through delegated and enumerated authorities.

Hope it will help :)❤

Which of the following is an example of telecommuting?

A. Setting up a conference call between two different companies

B. Working from home instead of at the company's main office

C. Scheduling a meeting in the middle of the day

D. Using a computer and slideshow during a meeting

Answers

B. Working from home instead of at the company's main office

Have a great day!

An example of is Working from home instead

Telecommuting is also known as Remote work

Telecommuting refers to the ability granted to an employee to work from remote place apart from the office.

The reason why Organization allows telecommuting are:

Its helps to improve employee efficiencyIts offers schedule flexibilityIts improved employee retention and attraction.

In conclusion, the mode of getting work done have been increasing in recent time because its saves cost for both the employee and employer.

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When the business cycle or economic activity is declining, the economy is said to be in....?

A
the trough

B
contraction

C
expansion

D
recovery

Answers

contraction is to decline the answer is B

which of the following is more like laws and regulations a.standard
b.wages
c.prices
d.resources

Answers

Answer:

a. standard

Explanation:

A standard is more like laws and regulations because it defines the level of quality or minimum requirements that is acceptable in a business firm. Thus, all of the activities and operations of the business firm are developed and designed to the set standard.

This ultimately implies that, standard are set by the management or top executive based on certain criteria and it is expected that all the various parts of the business, as well as the people working there are operating at par with it.

For example, the Occupational Safety and Health Administration (OSHA) is a federal agency saddled with the responsibility of assuring and ensuring safe and healthy working conditions for employees by setting and enforcing standards, providing education, trainings and assistance to various organizations.

According to the Occupational Safety and Health Administration (OSHA), safety precautions such as wearing a personal protective equipment e.g masks (respirators), ear plugs, safety boots, gloves, helmet, etc. are very important and essential to be used by workers while working in a hazard prone environment or industries.

A large personal care products company adopts a(n) ________ approach to gain a competitive edge in light of intense foreign competition and increasingly demanding customers. The company believes that uniform commitment to quality in all areas of its organization will promote a culture that meets customers' perceptions of quality.

Answers

Answer:

"Total quality management " is the correct answer.

Explanation:

TQM seems to be a management philosophy focused mostly on the idea that such a company can achieve long-term performance by making all its participants concentrate on enhancing efficiency and thereby providing customer loyalty, including low-level staff to their highest position representatives. This can be accomplished by the incorporation of all roles and processes relating to quality throughout the business.

what is the liability of an mco (e.g., hmo, ppo) when it makes decisions about insurance coverage for hospital stays?

Answers

A patient sues an MCO for bodily harm that they claim was caused by the MCO's inadequate investigation of their healthcare providers. Vicarious liability for conduct of affiliated providers. An enrollee holds an MCO vicariously accountable for any alleged malpractice by a hired or network ophthalmologist.

- More about liability of an MCO :

- MCO (managed care organizations) liability, including that of HMOs (health maintenance organizations) and PPOs (preferred provider organizations). What responsibility does the managed care business have when its employees decide whether to cover hospital stays under their insurance policies?

- Although various scenarios related to MCO decision-making, such as the approval or denial of medically essential therapy (or limitations of treatment), mention particular scenarios. The analysis cannot be confined to analysis of length of stay. Include the potential liability consequences and provide a comprehensive defense of the position.

- Talk about what choices MCO or PPO plan participants may have, if any, if their medically necessary care is not covered.

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Why is it important to write a zero-based budget every month?

Answers

Answer:

It is important to write a zero-based budget every month because the zero-based budget ensures that every dollar you make is assigned a specific purpose.

Explanation:

Welding and Brazing does project work for companies that is a specialized service. They have many different types of equipment in use, but rarely use all the equipment they have for every job, therefore much of their equipment is idle, but available if they need it. They use a___ strategy.

Answers

Welding and Brazing does project work for companies that is a specialized service. therefore much of their equipment is idle, but available if they need it. They use capacity or resource  pooling strategy.

What is Welding?

Capacity pooling means using and sharing resources for different projects or tasks.  When you do welding or brazing, you can use different types of tools, but you don't need to use them all for every task.

This plan helps Welding and Brazing use their equipment as much as possible without wasting time waiting around. Instead of needing different tools for each project, a pool of tools can be used for multiple tasks.

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a bank form which lists the checks, currency, and coins an account holder is adding to a bank account.

Answers

The checks, cash, and coins that are being added to a bank account are listed on a deposit slip.

One can deposit and withdraw money from a bank account, make payments, send money to another person or organisation, pay bills online, and more. Bank accounts allow for cashless transactions and the receipt of direct deposits from employers or other organisations.

Opening a bank account can be one of the most crucial actions to achieve financial objectives. Because keeping money in an FDIC-insured bank account can provide monetary security, simple access to funds, cost savings from check cashing costs, and general monetary peace of mind.

Deposit account funds are used by banks to fund loans to other people or companies. The borrower pays interest on those loans to the bank in return.

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Critique the following statement: “Safety is not important in offices or retail workplaces.”

Answers

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

The answer the site said after I took it

Answer:

Safety is important in every workplace. Even in low risk work places, there are certain occupational hazards, like musculoskeletal disorders, including carpal tunnel syndrome and repetitive stress injuries.

Explanation:

Sample answer; edge 2021

One disadvantage of using a company’s tuition reimbursement program is that _______.
a.
You may have to extend your contract with the company
b.
Your ongoing education costs will rise considerably
c.
It may decrease your job satisfaction if you become more skilled
d.
Ongoing education has been proven to decrease worker motivation

Answers

One disadvantage of using a company’s tuition reimbursement program is that you may have to extend your contract with the company.

Tuition reimbursement is offered by employers as a way to pay back employees for education expenses. The people who participated still have to pay out of pocket for the courses they take. At the end of the course, the employee can get back some or all of the tuition expenses.

Answer:

is A. You may have to extend your contract with the company

Explanation: I took the test and is right

Internet privacy has become a major issue. In fact, in Europe there are privacy laws to limit how much information websites can collect from users without their permission. The United States does not have comparable laws to protect consumer privacy on the Internet. Collecting this information is beneficial for firms because then they can tailor marketing messages that better fit its users' needs. These better marketing campaigns can provide them with a competitive advantage. Acme Corporation uses cookies and other devices to collect information. Its privacy policy explicitly informs users that it collects information. However, most people do not read through the policy. Lately, some consumers have complained because they are worried that their information could be compromised. They question the security of the site. Acme wants to restore confidence and prove that it has controls in place. Refer to Scenario 3.2. What type of environmental force does this issue involve?

Answers

a. Greyhound bus system

santa fe corporation manufactured inventory in the united states and sold the inventory to customers in mexico. gross profit from the sale of the inventory was $215,000. title to the inventory passed fob: shipping point. how much of the gross profit is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year?

Answers

$0 is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year.the gross profit from the sale of the inventory was $215,000.

The title to the inventory passed FOB: Shipping point. Santa Fe Corporation manufactured inventory in the United States and sold the inventory to customers in Mexico.In determining the foreign source income for purposes of computing the foreign tax credit, it is important to classify gross income as U.S. or foreign source income.

Foreign source income can be considered as income that is derived from sources outside the United States. Therefore, no part of the gross profit from the sale of inventory is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year. Hence, $0 is treated as foreign source income for purposes of computing the corporation's foreign tax credit in the current year.

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The article mentions that if you are owed a refund from the irs, you won’t be penalized if you file your tax return late. However, why might you want to file your tax return on time?.

Answers

You might  want file your tax return on time to avoid penalty.

What is tax return?

Tax return is the tax amount that a person or an individual remit to the government.

You wont be penalized if you file your tax return late but you might be penalize if you refuse to file your tax return within the stipulated due date or before the due date given to you by tax authority.

Inconclusion you might  want file your tax return on time to avoid penalty.

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In your own words, explain the difference between stocks and bonds.

Answers

Stocks give you partial owenership/percentage of the company while bonds are a loan from yo u to the company

Answer:

Stocks give you partial ownership/percentage of the company lets say McDonald's or something. while bonds are a loan from you to the company like a bank.

Explanation:

A food worker suspects there are mice in the food establishment.
w
What evidence should she report to her manager?
O a. Faulty equipment
O b. Sick food workers
O c. Broken floor tiles
O d. Gnaw marks on a box

Answers

I think it’s D bc that’s actual evidence of there being mice
Its D because all the other ones have nothing to do with what mice can do, while D is the answer cuz mice gnaw
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