Kieran owns and operates his own bike shop. in the past week, he received two offers: one to work for a competitor for $50,000 per year and one to sell his bike shop for $100,000. assume the annual interest rate is 6 percent, and kieran is indifferent between owning his bike shop or working for the competitor. kieran currently receives enough annual revenue to cover all explicit costs and has $60,000 left over. there are no additional implicit costs (excluding the items listed above). under these circumstances, what would be the kieran’s economic profit?

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Oceanside marine company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. oceanside uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 2 pound per unit; $ 11 per pound direct labor: 2 hours per unit; $ 19 per hour oceanside produced 2 comma 000 units during the quarter. at the end of the quarter, an examination of the direct materials records showed that the company used 7 comma 500 pounds of direct materials and actual total materials costs were $ 98 comma 100. what is the direct materials cost variance? (round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying