The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000Creamy Crisp's explicit costs are
A) $286,000.
B) $150,000.
C) $94,000.
D) $156,000.
Correct Answer:
Verified
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Q90: Which of the following is most likely
Q91: Economic profits are calculated by subtracting
A)explicit costs
Q92: To the economist, total cost includes
A)explicit and
Q93: Which of the following definitions is correct?
A)Accounting
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