Burton's Explicit Cost's

Chap1 Solution of 1st Homework 1.a. impart verbalised damage = $793,000 (= 555,000 + 45,000 + 28,000 + 165,000) Total unexpressed live = $190,000 (= 175,000 + 0.15 ( 100,000) Total stinting cost = $983,000 (= 793,000 + 190,000) b. bill loot = $177,000 (= 970,000 793,000) c. Economic profit = $13,000 (= 970,000 983,000) d.The owners accountancy profit is $13,000 less than what he could have get in salary and return on investment of his $100,000, i.e., his economic profit is $13,000. Thus, he would have made $13,000 more if he had unplowed his job and invested his $100,000 in stocks of other businesses. 3.a.Burtons uttered costs ar $18,000 per month. His implicit costs are $20,000 per month ($15,000 + $5,000). b.Opportunity cost = explicit + implicit costs = $18,000 + 20,000 = $38,000 per month c.Burton Cummings costs of takings (= $38,000/month) draw his revenues by $13, 000 (= 38,000 25,000). Rather than lose $13,000 per month, Burton could rent his carriage (and fix $15,000 per month) and drive trucks for another firm (and earn $5,000 per month).

With this custom of his resources he would earn $20,000 per month. Or, Burton could try his luck as a vocalist in a rock band. 6.a.Some Marriott franchises are monkey around their responsibility to maintain high theatrical role hotels, and this shirking recover the write up of all Marriott franchises. b.Poorly run franchises damage the Marriott character and reduce the profitability of hotels owned by Marriott . c. Where there is lowly ta! ke on business, there is less incentive for a hotel to pass on quality service. Where there is a bunch of repeat business, franchises ordain have an incentive to maintain quality to attract repeat business.If you want to get a enough essay, order it on our website: BestEssayCheap.com

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