Doc's ribhouse had beginning equity of $52,000; net income of $35,000, and dividends by the company of $12,000. calculate the en

Response:

Regarding the question:

Your friend Amanda seeks your guidance. She provides you with the utility schedule above and asks how many units of Product B would maximize her utility. The price for Product A is $6 and for Product B is $10. Amanda states her budget is $48. How many units of Product B should she buy?

is included in the attachment.

Clarification:

Answer:

1. a. $950,000.
2. $150,000.
3. a. $1,115,000.
4. d. -$15,000.
5. b. the difference between what a person currently makes and what they would earn in their best alternative.

Explanation:

1. Chris's accounting costs

The accounting cost reflects the explicit expenses of the venture. They are the usual costs;

= Parts and materials needed for restoration + Salaries of employees + His salary + Rent along with utilities

= 400,000 + 360,000 + 110,000 + 80,000

= $‭950,000‬

2. Chris's accounting profits

= Revenue - Accounting cost

= 1,100,000 - 950,000

= $150,000

3. Chris's economic cost

These consist of explicit costs plus implicit (opportunity) costs.

The opportunity cost represents the next best option which amounts to $275,000 should he have taken the position with Jay Leno as a personal auto restorer.

This means forgoing the $110,000 he makes currently.

= Accounting cost + Foregone salary - Current salary

= 950,000 + 275,000  - 110,000

= $1,115,000

4. Chris's economic profit

= 1,100,000 - 1,115,000

= -$15,000

5. b. the difference between what a person currently makes and what they would earn in their best alternative.

I think the answer is: Enable phase

During this phase, a company assesses progress and identifies any additional planning needed to ensure smooth operations. Often, it may be considered more appropriate to transfer responsibilities to another organization with a broader jurisdiction.