Table Cost.1.2:AmountInterestRatesLoan #1 =$25,0002.40%Loan #2 =$40,000Owner's Last Job Wage = $42,0002.50%%3DLabor =$10,000Ingredients =$40,000Rents =$5,000Total Revenue =$200,000According to information in Table Cost.1.2, accounting profits is aboutO $78,400O No answer text provided.O No answer text provided.O $78.800

Interest Table Cost.1.2: Amount Rates Loan #1 = $25,000 2.40% %3D Loan #2 = $40,000 2.50% %3! Owner's Last Job Wage $42,000 %3D Labor = $10,000 Ingredients = $40,000 Rents = $5,000 Total Revenue = $200,000 %3D According to information in Table Cost.1.2, accounting profits is about O $78,400 O No answer text provided. O No answer text provided. O $78,800

Interest Table Cost.1.2: Amount Rates Loan #1 = $25,000 2.40% %3D Loan #2 = $40,000 2.50% %3! Owner's Last Job Wage $42,000 %3D Labor = $10,000 Ingredients = $40,000 Rents = $5,000 Total Revenue = $200,000 %3D According to information in Table Cost.1.2, accounting profits is about O $78,400 O No answer text provided. O No answer text provided. O $78,800

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Purchases Quantity Price Quantity x Price Purchase 1 100 $10 $1,000 Purchase 2 200 $11 $2,200 Purchase 3 100 $12 $1,200 Purchase 4 300 $14 $4,200 TOTAL 700 $8,600 Sales Quantity 150 Sale 1 Using the above information, which inventory valuation method results in the largest gross profit? Assume that the inventory balance before the first purchase was zero. Select one: O a. FIFO O b. Average cost O c. Periodic Inventory о d. None of the available choices
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