Burton's Explicit Cost's

Chap1 Solution of 1st Homework 1.a. impart verbalised live = $793,000 (= 555,000 + 45,000 + 28,000 + 165,000) Total unexpressed terms = $190,000 (= 175,000 + 0.15 ( 100,000) Total sparing 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 clear 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 transparent costs are $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 toil (= $38,000/month) draw his revenues by $13,000 (= 38,000 25,000). Rather than lose $13,000 per month, Burton could rent his outfit (and fix $15,000 per month) and drive trucks for another firm (and earn $5,000 per month). With this using up 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 make for their responsibility to maintain high woodland hotels, and this shirking riposte the write up of all Marriott franchises. b.Poorly run franchises damage the Marriott story and reduce the profitability of hotels owned by Marriott. c. Where there is diminished take on business, there is less incentive for a hotel to pass on quality service. Where there is a mussiness of repeat business, franchises ordain have an incentive to maintain quality to attract repeat business.If you want to get a wax essay, order it on our website: BestEssayCheap.com

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