Marquis quits his job as a security consultant, which paid an annual salary of $65,000, and opened his own security company. He used $40,000 of a mutual fund that paid a 4% annual interest rate to buy a truck. In his first year of operation, he spent $100,000 on equipment and licensing and earned a total revenue of $210,000. Marquis's accounting profit is _____, and his economic profit is _____.

Answers

Answer 1

From the calculations that have been done in this question, Marquis's accounting profit is 108,400, his economic profit is 43,400

How to solve for Marquis's accounting profit

Formula for Accounting profit

TR - Total explicit cost - Interest

= 210,000 - 100,000 - 40,000 * 4%

= 108,400

Therefore the total accounting cost is  108,400

How to solve for Marquis's economic profit

Formula = TR - Total explicit cost - Interest - Total implicit cost

= 210,000 - 100,000 - 40,000 * 4% -65,000

= 43,400

Therefore the total economic profit is given as $43,400

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Related Questions

The activities that managers create to attract and retain employees and to ensure that they perform at a high level to help an organization accomplish its goals are called ______.

Answers

Managers attract and retain employees and ensure that employees perform at a high level to accomplish the firm's goals through human resource management.

What are human resource management activities?

Human resource management activities include:

RecruitmentTraining and developmentPerformance appraisalCompensation and rewardingEnsuring the safety and welfare of the human resource.

Thus, Managers attract and retain employees and ensure that employees perform at a high level to accomplish the firm's goals through human resource management.

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A client profile is not complete without a family income statement. A typical one would include:_________.
i. dividends.
ii. credit card debt.
iii. autos.
iv. mortgage interest.

Answers

Not sure if this is multiple choice but from what I know, The answers are Dividends and Mortgage interest!

The marginal revenue curve of a firm with market power will always lie below its demand curve because of.

Answers

The reason why firm with market power will have a marginal revenue curve that is always below its demand curve is because of the output effect and the discount effect.

What is the output and discount effect?

These effects refer to the tendency of firms with market power, to offer lower prices on their goods and services to be able to sell more units of their products.

For this reason, the marginal revenue - additional revenue received - will be less than price - demand curve because the price will always drop to sell more units.

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Bonds issued in the names and addresses of their holders are called: Multiple Choice Callable bonds. Serial bonds. Registered bonds. Coupon bonds. Bearer bonds.

Answers

Bonds issued in the names and addresses of their holders are called:  Registered bonds.

What is  Registered bonds?

Registered bonds are be defined as the type of bonds in which a  a person owning a bond information or details are  registered or recorded with the party that issued it.

In registered bonds the  registered holder  must tend to notify or inform  the issuer of  the bond whenever their is change in ownership.

Therefore Bonds issued in the names and addresses of their holders are called: Registered bonds.

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On December 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: Accounts Receivable, debit balance of $97,800; Allowance for Doubtful Accounts, credit balance of $1,021. What amount should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible

Answers

The amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913

What is bad debts expenses?

Bad debt are debts owned to a business which cannot be recovered. Here, the customer has chosen not to pay this amount.

Computation of amount to be debited to Bad Debts Expense:

=  Accounts Receivable, debit balance of $97,800 *  3% of outstanding accounts receivable at the end of the current year

= $97,800 *  3%

= $2,934

Then,

= $2,934 - $1,021

= $1,913

Hence, the amount that should be debited to Bad Debts Expense, assuming 3% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible is $1,913

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If the average cost of producing ten sweaters is $6.50 and the marginal cost of producing the tenth sweater is $6.75, the average cost of producing 11 sweaters will be:

Answers

Answer:

7.15 dollars

Explanation:

Cost of one sweater=$6.50/10

=$0.65

Now,

Cost of 11 sweater = $0.65*11

=$7. 15

The average cost of producing 11 sweaters will be 7.15 dollars.

What is average cost?

The cost per unit produced in a production run is called the average cost. It stands for the typical sum of money spent on a product's production. Depending on how many units are made, this amount may change.

Average cost, often known as unit cost, in economics is calculated by dividing the total cost (TC) by the quantity of a good produced (the output Q): Average cost strongly influences how businesses decide to price their goods.

Knowing the significance of average cost will also make it easier for you to comprehend how it functions over an extended length of time.

For instance, cost varies according to production effectiveness and seasonal demand. The cost per unit of output is normalized or leveled out when the average cost is calculated.

Cost of one sweater=$6.50/10 =$0.65

Now, Cost of 11 sweater = $0.65*11 =$7. 15

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What are the benefits of a woman working in her own company of construction?
(is her own boss)

Answers

Answer:

She gets to choose her hours, pick where she works, etc

Explanation:

If she owns the company then she chose her work conditions

Answer:

She gets to chose her hours, and whom works for her. And also how it is ran.

Explanation:

Hope it helps :)

Pls mark brainleist :P

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Tori

Hillinger, inc. Issues $100,000 of 4% bonds on january 1, year 1. The bonds have a five-year term and pay interest semiannually on june 30 and december 31 each year. Assuming a market interest rate of 5% and an issue price of $95,624, what is the carrying value of the bonds as of june 30, year 1? use the sample amortization table as a reference to assist with your answer.

Answers

The carrying value of the bond till 1st June is $96,014.60.

What is the carrying value of the bond?

The carrying value is given as the value of the company's bonds in the form of a figure to be given in the company’s balance sheet at the particular date, such as year-end.

Computation:

Given,

Face value of bond= $100,000

Issue price of bond= $95,624

Interest rate of bond on Jan 1 is 4%

Interest rate of bond on June 1 is 6%

The computation of the carrying value of the bond is shown in the image attached below.

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The labor efficiency variance is generally the responsibility of the ______ manager. Multiple choice question. production accounting purchasing human resources

Answers

The labor efficiency variance mainly focuses on the quality of labor hour in the process of production. The labor efficiency variance is generally the responsibility of the production manager. Option A is correct.

Who is production manager?

A Production Manager is a specialist who supervises the manufacturing process and coordinates all activities to ensure adequate resources are available.

To guarantee that workflow meets specified deadlines, they might arrange workers' schedules, estimate expenditures, and establish budgets.

Direct labor efficiency variance is usually the responsibility of the production department. Other factors, however, may have an impact on the variance.

Therefore, option A is correct.

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2021 2020 2019 2018 2017Sales $ 282,880 $ 270,800 $ 252,600 $ 234,560 $ 150,000Cost of goods sold 128,200 122,080 115,280 106,440 67,000Accounts receivable 18,100 17,300 16,400 15,200 9,000Compute trend percents for the above accounts, using 2017 as the base year. For each of the three accounts, state whether the situation as revealed by the trend percents appears to be favorable or unfavorable.

Answers

Based on the net sales, the cost of goods sold, and the accounts receivable over the years, the net sales are favorable while the others are unfavorable.

What is trend for net sales sold?

2017 is to be used as the base year which means that all denominators will be the 2017 net sales figure of $150,000.

2017:                                2018:                                   2019:
= 150,000 / 150,000       = 234,560 / 150,000         = 252,600 / 150,000

= 100%                             = 156.37%                           = 168.40%

2020:                                2021:                                  
= 270,800 / 150,000       = 282,880 / 150,000

= 180.53%                         = 188.59%

This trend is favorable as it shows net sales are rising.

What is the trend for cost of goods sold?

2017:                                2018:                                   2019:
= 67,000 / 67,000        = 106,440 / 67,000            = 115,280 / 67,000

= 100%                             = 158.87%                           = 172.06%

2020:                                2021:                                
= 122,080 /67,000          = 128,200 / 67,000

= 182.21%                         = 191.34%

Cost of goods are an expense so this is Unfavorable.

What is the trend for accounts receivable?

2017:                                2018:                                   2019:
= 9,000 / 9,000              = 15,200/ 9,000                = 16,400 / 9,000

= 100%                             = 168.87%                           = 182.22%

2020:                                2021:                                
= 17,300 / 9,000             = 18,100 / 9,000

= 192.22%                         = 201.11%

The business needs cash so when more is tied up as Accounts Receivables this is Unfavorable.

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Say that a company has treated you unfairly or dishonestly. which of the following options could help you resolve the issue? i. report them to the better business bureau. ii. speak to their corporate consumer department. iii. seek the help of the department of hhs. a. i and ii b. ii and iii c. i and iii d. ii only please select the best answer from the choices provided a b c d

Answers

Answer:

A. I and II

Explanation

For ingested foods, the first opportunity for enzymatic digestion occurs in the _____.

Answers

digestion begins in the mouth with salivary amylase

B was 42 when the life insurance policy was issued. 42 is referred to as the ______ age of the policy.

Answers

Because the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

What is an original age?

In a life policy, an original age refers to the age of an insured at the inception of a life insurance policy.

Therefore, as the the assured is 42 when the life policy was issued, such age will be called an original age of the policy.

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If your co-workers make long-distance calls on company time and at company expense, you might view that behavior as acceptable and ethical because everybody does it. What is the factor affecting the ethical behavior here

Answers

The actions and decisions of coworkers who were making long-distance calls on company time is the factor affecting the ethical behavior here.

What is a business ethics?

These are moral principles that serves as guide for way of conducting oneself,  business and transactions in a firm.

Generally, the actions and decisions of coworkers are part of what shape a person's sense of business ethics.

Therefore, the actions and decisions of coworkers are the factors affecting the ethical behavior.

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What is not a duty of a human resources manager? Choose the answer.

Question 2 options:

maintain contact information


plan employee benefit programs


develop the mission and vision of the company


conduct exit interviews

Answers

Answer:

maintain contact information

Developing the mission and vision of the company is not a duty of a human resources manager. Thus, option C is correct.

Who is the manager?

A manager is someone who is in charge of overseeing or managing an organization. He or she is an acting leader who assists in creating goals and assigning tasks, and he or she also displays certain leadership qualities that aid in the smooth operation of the organization.

The human resource manager is someone who would take necessary decisions regarding the people and how the people usually work.

Developing the mission is not in their job profile because it is the job of the team leaders or the person who is sitting at a higher level. They are the ones who execute this decision and plan the future goal.

Therefore, option C is the correct option.

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According to expectancy theory, ______ is important in a benefits package because it gives employees the benefits that are of value to them. a. experience b. rating c. rigidity d. flexibility

Answers

The expectancy theory shows that in order for employees to get benefits that are of value to them, D. Flexibility is important.

What does the expectancy theory say?

According to the expectancy theory, it is best that employees are given the benefits that they as individuals value.

For this to happen, there needs to be flexibility in the type of benefits offered by the company.

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Some people say that the official unemployment rate isn't the best indicator of
actual unemployment in the economy because
Select one:
O the unemployment rate is greater than the natural unemployment rate
O the official rate doesn't include people who have given up looking for
work
O part time workers are considered unemployed
O full employment is greater than the labor force

Answers

The official unemployment rate isn't the best indicator of actual unemployment because the official rate doesn't include people who have given up looking for work.

Who is a discouraged worker?

A discouraged worker is a member of the labor force who has given up on getting an employment and thus has stopped looking for work. A discouraged worker is not included as part of those who are unemployed and thus is not included in the  official unemployment rate.

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Certificates of deposit insured by the ncua or fdic are:.

Answers

Certificates of deposit with a credit union are insured by the NCUA. Persons credit union deposits are also insured up to $250,000 by the NCUA's National Credit Union Share Insurance Fund.

What is the purpose of a certificate of deposit?

A certificate of deposit is a savings account in which the issuing bank holds a certain amount of money for a set period of time in exchange for interest, such as six months, one year, or five years.

Thus, Certificates of deposit with a credit union are insured by the NCUA.

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Assume a zero-coupon bond that sells for $403 and will mature in 10 years at $1,250. Use Appendix B for an approximate answer but calculate your final answer using the formula and financial calculator methods. What is the effective yield to maturity

Answers

The effective yield to maturity of the zero coupon bond given the sellign price and the maturity value is 12%.

What is the yield to maturity?

A zero-coupon bond is a bond that does not pay interest during its life. The yield to maturity of a bond is the discount rate that equates the cost of the bond to the maturity value.

The yield to maturity can be determined using a financial caculator:

Cash flow in year 0 = -403Cash flow in year 1 to 9 = 0 Cash flow in year 10 = 1250

Yield to maturity = 12%

What are three of the most common workplace accidents and two ways to prevent each of type of accident?

Answers

Answer:

1)slips,trips and falls

2)Fire and explosions

3)over exertion and muscle strains

Explanation:

To prevent slips and falls keep walking surfaces clean and free of clutter , cleaning all spills immediatelyTo prevent fire and explosions wear proper personal protective equipment and maintain chemical safety data sheets for all chemicalsTo prevent over exertion and muscle strains ensure employees are receiving frequent breaks and use safe lifting techniques

:Most common workplace accidents

The 10 Most Common Workplace Accidents

Motor Vehicle Accidents. People who drive as part of their jobs are exposed to negligent drivers, inclement weather and faulty automotive equipment. ...

Slip and Falls. ...

Falls from Heights. ...

Electrocution. ...

Overexertion. ...

Struck by Objects. ...

Struck Against. ...

Entanglement.

Explanation:

A country can have an increased surplus in its balance of trade as a result of:.

Answers

A Country can have an increased surplus in its balance of trade as a result of declining imports and rising exports.

What is balance of trade?

Balance of trade refers to the difference in value over a period of time between a country's imports and exports of goods and services, usually expressed in the unit.

It is to be noted that balance of trade could be favourable or unfavourable.

Hence, a Country can have an increased surplus in its balance of trade as a result of declining imports and rising exports.

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Suppose an effective price ceiling of $40 is placed on the price of jeans. How much does producer surplus change as a result

Answers

If there was an effective price ceiling of $40 placed on the price of the jeans, the producer surplus would change by -$532.50.

What is the change in producer surplus?

The producer surplus is found by the formula:

= 0.5 x (Price - minimum willingness to sell) x Quantity sold

At the initial equilibrium price of $50, the producer surplus was:

= 0.5 x (50 - 10) x 60

= $1,200

After the price ceiling was implemented:

= 0.5 x (40 - 10) x 44.5

= $667.50

The change is:

= 1,200 - 667.50

= -$532.50

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When is using a credit card to cover an emergency expense a good idea and won't cost you any interest?

Answers

Answer:

Bottom line. Depending on your personal financial situation, it can be ideal to have both credit cards and cash on hand during emergencies. A credit card can help you redeem rewards while also covering your emergency expenses, but it should only be used if you can pay the balance off in full without incurring interest.

Explanation:

How much would software c cost

you in the long run?

.

satisfaction 80% $0

$[?]

not satisfied

$5,000

software c

20% - $20,000

software d

$8,000

85% · $0

satisfaction

not satisfied

15%. $15,000

Answers

Explanation:

I will try and say the answer

According to the Coase theorem, private parties can negotiate to an efficient solution in the presence of externalities if the ______ is (are) relatively low.

Answers

Answer:

transaction costs is your answer

Explanation:

Every day, people work at serving people meals at restaurants all around the world. These people work for our benefit because: a. Trade-offs are everywhere. B. They benefit by doing so. C. People think on the margin. D. Institutions require them to do so

Answers

If Every day, people work at serving people meals at restaurants all around the world.These people work for our benefit because: they benefit by doing so.

Benefit of serving meals in a restaurant

The people responsible for serving meals in a restaurant are often known as server. They do this because it is the task they are assign too.

Although they work for our benefit, they as well will benefit because they are being paid for rendering service by their employer.

Therefore the servers benefit by doing so.

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If you can follow a definite procedure to make a business decision, you are making a(n) ________ decision.

Answers

If you can follow a definite procedure to make a business decision, you are making a(n) E) structured decision.

What is a structured decision?

A structured decision-making process follows some defined processes.

A set of predetermined steps are always followed such that solutions to business problems rely less on intuition or personal judgment.

Another characteristic of structured decision-making is that decisions are straightforward, returning the same solution every time.

However, a good decision-making process should result in a large monetary value for the firm with improved efficiency, production, costs, and more added values.

Answer Options:

A) ad-hoc

B) procedural

C) unstructured

D) semi-structured

E) structured

Thus, if you can follow a definite procedure to make a business decision, you are making a(n) E) structured decision.

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On your property tax bill, you see the following table. destination share of your taxes roads $241 schools $896 public safety $154 township $177 what percentage of your taxes went to funding public safety? a. 10.49% b. 12.06% c. 11.72% d. 8.94% please select the best answer from the choices provided a b c d

Answers

As per the property tax bill received by the person, such person pays around 10.49% of his total tax liabilities towards funding the public safety if $154 are paid.

What are tax liabilities?

Tax liabilities are the amount of tax that an eligible taxpayer is under an obligation to pay to the respective tax-collecting authorities.

As per the given information, it has been computed that a person pays a total tax of around $1468 and public safety taxes that are paid are $154.

Computation of the proportion of percentage of public safety out of the total tax liabilities is shown as below,

[tex]\rm Tax\ in\ Percentage\ towards\ Public\ Safety= \dfrac{Public\ Safety\ Tax}{Total\ Tax\ Liabilities}x\ 100\\\\\rm Tax\ in\ Percentage\ towards\ Public\ Safety= \dfrac{154}{1468} x\ 100\\\\\rm Tax\ in\ Percentage\ towards\ Public\ Safety= 10.49\%[/tex]

Hence, option A; the person pays around 10.49% of his total tax liabilities towards funding the public safety if he pays $154 for tax liabilities of $1468.

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Answer:

The correct answer is A.

Explanation:

10.49%

The classical dichotomy and monetary neutrality are represented graphically by:.

Answers

The classical dichotomy and monetary neutrality are represented graphically in economics by: a vertical long-run aggregate-supply curve.

The long-run aggregate-supply curve.

In order to have an understanding of both short-run or long-run economic fluctuations and how the economy moves from short to long-run, economists need to use the aggregate supply and aggregate demand model.

In Economics, the labels that are used for the axes of an aggregate-supply curve are real-domestic output for the horizontal axis and price level for the vertical axis.

In conclusion, a vertical long-run aggregate-supply curve is used to graphically represent the classical dichotomy and monetary neutrality.

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At base, the mainstream concept of poverty translates to a. sufficient hard currency but insufficient purchasing power. b. an almost Calvinist self-betterment. c. unfulfilled material needs. d. an abundance of liquidity.

Answers

At base, the mainstream concept of poverty translates to c. unfulfilled material needs.

What is Poverty?

This refers to the financial state of not being able to afford the basic needs of a person.

Hence, at the base level, the mainstream concept of poverty translates to "not enough money in the pocket" which has to do with low or insufficient purchasing power and this leads to a list of c. unfulfilled material needs.

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