Lashondra is the owner/operator of an interior design firm. Last year she earned $400,000 in total revenue. Her explicit costs were $200,000 (assume that this amount represents the total opportunity cost of these resources). During the course of the year she received offers to work for other design firms. One offer would have paid her $120,000 per year and the other would have paid her $130,000 per year. Lashondra’s economic profit is equal to:____________.a. $50,000
b. $70,000
c. $200,000
d. $0.

Answers

Answer 1

Answer:

Answer:

b. $70,000

Explanation:

Economic profit is the difference between the total revenue received by a business and the total implicit and explicit costs of a firm.

Economic profit = Total revenue - (Implicit costs + Explicit costs)

Economic profit = $400,000 - $200,000 - $130,000 = $70000

Therefore Lashondra's economic profit is equal to $70000.

Answer 2

Answer:

b. $70,000

Explanation:

Let's assume she took the offer of $130000

Her explicit costs were $200,000

Profit = cost - revenue

Profit = 200000 - 130000

Profit = $70,000

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Answers

Considering the available options, Realtors are known to have various functions, including options A and B only.

Functions of a Realtor

Generally, Realtors are known to perform many responsibilities, including the following:

Protect and promote the interests of their clients.
Treat all parties honestly.
Create a real estate contract.
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Hence, in this case, it is concluded that the correct answer is option D. "A and B only."

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______ is the extent to which a company's supply chain is focusing on minimizing procurement, production, and transportation costs. Select one: a. Supply chain visibility

b. Supply chain efficiency

c. Supply chain analytics

d. Supply chain effectiveness

e. Supply network collaboration

Answers

Answer:

B. Supply chain efficiency

Explanation:

Efficiency consists in maximizing productivity while minimizing costs. Supply-chain efficiency, therefore, involves reducing costs and improving output in the production process, with the aim of increasing profit.

The money deposited in a bank is called _______. a. profit b. principal c. interest

Answers

Answer:

principal

really no explanation i just know this from my class last year

The money you deposit in a bank is called the 'principal'. This term applies to various types of accounts, like checking, savings, and CDs. Interest is the amount earned over time on that principal.

The money deposited in a bank is referred to as the principal. This terminology applies across different types of accounts, including checking, savings, and certificate of deposit (CD) accounts. For instance, if you deposit $500 into a new bank account, that amount is referred to as the principal. The interest is the money you earn over time based on that principal. Profit is generally not a term used in this context, as it generally pertains to the earnings from a business operation, not a bank account.

Learn more about Deposits here:

brainly.com/question/32462468

#SPJ11

In a private company’s accounting system, inputs are what?

Answers

In a private company's accounting system, inputs are the information, raw materials, or energy you 'put in' the system to get a certain desired or wanted outcome or output. For example, raw materials are inputted to factories to be processed to make a finished product.

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Answers

Unlike conventional mail, email can send your complaint within minutes or seconds to the company. This is the reason why use of email has become popular. The reaction to act on the complaint will depend on the company. Sending an email does not guarantee that they will act on it right away.

Answer:

dddddddddddd

Explanation:

Which of the following was not an economic institution created in europe to help foster economic unity among the countries there?A. european-coal-and-steel-community-(ecsc)
B. european economic-exchange-(eee)
C. european-economic-community-(eec)
D. european-union-(eu)

Answers

I believe the answer is: European Union
European Union was created to advance the general well-being of European citizens which includes politics and social polict, does not necessarily tied to their economy, eventhough it considered a huge factor. Currently, the European Union consist of 28 state members

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