Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $0.50 per banana. The implicit costs per week are $200,000. Which of the following statements is true? Group of answer choices Chiquita makes an accounting profit of $50,000. More than one answer is correct. Chiquita makes an economic profit of $250,000. Chiquita makes an economic profit of $450,000. Chiquita makes an accounting profit of $250,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Chiquita produces bananas for an average explicit cost of $0.25 per banana and sells 1 million bananas per week for a price of $0.50 per ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
A Clarke Corporation subsidiary buys marketable equity securities and inventory on April 1, 2017, for 100,000 won each. It pays for both items on June 1, 2017, and they are still on hand at year-end.
Answers (1)
Marietta told the management team that the company would have to find a new way to produce the vitamin because the Food and Drug Administration had recently banned "nofon," the key ingredient in their product.
Answers (1)
A firm that sells goods that it purchases for re-sale is a
Answers (1)
A member firm allocates shares of an IPO to the CEO of a different company that is considering the possibility of using the member firm for its IPO. This action is:A. Flipping, a prohibited activityB. Spinning, a permitted activityC.
Answers (1)
Imagine that a researcher wants to test the hypothesis that getting married increases happiness. he finds 100 people who are married and 100 people who are unmarried.
Answers (2)
New Questions in Business
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?
Answers (1)
Throughout history, big business interests have almost always been at odds with environmentally friendly practices.
Answers (1)
Darren is a certified interior designer with a lucrative client list in the city of kelsa, situated in the state of touslon. his business affords him a substantial amount of goodwill from his clients.
Answers (1)
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct labor $ 770,000 Other variable manufacturing costs 135,000 Depreciation of factory building and manufacturing equipment
Answers (1)
Which of the following individuals are required to pay taxes to fund Social Security and Medicare? A. Employees. B. Employers. C. Self-employed individuals. D. Employees, employers, and self-employed individuals.
Answers (1)