Question
In: Economics
Say you owned the Black Dog BBQ restaurant. After two months of being in business you...
Say you owned the Black Dog BBQ restaurant. After two months of being in business you are selling enough to pay your employees (your only variable input), but not enough to pay the loan you took to open the restaurant. Given this, you should:
increase the price of BBQ sandwiches
lower the price of your BBQ sandwiches
keep the restaurant open
close the restaurant
Solutions
Expert Solution
We are producing at the price above the average variable cost and lower than the average total cost, they will continue producing and keep the restaurant open in the market.
the answer is "C".
Rahul Sunny answered 2 years agoRelated Solutions
You are going to receive $100 after one month, $110 after two months, $121 after three and four months, $133.1 after five months
You are going to receive $100 after one month,
$110 after two months, $121 after three and four months, $133.1
after five months, $146.41 from month seven to month thirty. What
is the present value of all these future cash inflows if the
discount rate is 3%?
When you say “dog” I think of my hound dog and you think of your chocolate...
When you say “dog” I think of my hound dog and you think of your
chocolate lab. This is an example of the concept that language is:
(Points : 2)
Symbols are
arbitrary
Symbols are
ambiguous
Symbols are
abstract
Symbols are concrete
Question 2.2. Jan just graduated from college
and makes a good salary. The word “good” best represents which of
the concepts of the symbolic nature of language? (Points : 2)
Symbols are
arbitrary
Symbols are
ambiguous
Symbols are...
You have been appointed as a consultant to Texas Bob’s BBQ shack, Inc., a restaurant chain...
You have been appointed as a consultant to Texas Bob’s BBQ
shack, Inc., a restaurant chain based in Austin, Texas. The company
is considering expanding into the Cincinnati market and has
retained you to advise it on an appropriate real estate strategy.
The standard real estate strategy when entering a new market has
been to work with a local partner who will identify, purchase and
retain ownership of a suitable building. Texas Bob then takes a
ten-year net lease on...
A restaurant in London is in its first 12 months of business. The year was somewhat...
A restaurant in London is in its first 12 months of business.
The year was somewhat successful, with the owner averaging $1,000
net profit per month after all deductions and expenses. However, he
is unhappy with the amount of time it has been taking staff to
provide customer service (measured from the time the customer
enters to the moment they leave with their food). The restaurant
design team was convinced that the restaurant’s design would allow
for an average delivery...
After months of searching for a weekend job, Danté, who is Black, finally got an interview...
After months of searching for a weekend job, Danté, who is
Black, finally got an interview with the owner of a busy car wash
and gas station. The owner seemed reluctant to hire him, but Danté
managed to win him over. The owner gave him the job, saying that he
would be working on a weekend shift with seven other young men, all
students from the local area. The shift manager would train him on
the car wash equipment.
On...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2019,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2019) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,264
106
Accounts receivable
13,218
126
Computer supplies
2,545
128
Prepaid insurance
2,100
131
Prepaid rent
3,020
163
Office equipment
8,400
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
21,600
168
Accumulated depreciation—Computer equipment
0...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2019,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2019) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,564
106
Accounts receivable
13,018
126
Computer supplies
2,545
128
Prepaid insurance
2,220
131
Prepaid rent
3,280
163
Office equipment
8,800
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
20,400
168
Accumulated depreciation—Computer equipment
0...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2019,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2019) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,264
106
Accounts receivable
12,618
126
Computer supplies
2,545
128
Prepaid insurance
2,220
131
Prepaid rent
3,300
163
Office equipment
8,000
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
20,000
168
Accumulated depreciation—Computer equipment
0...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2017,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2017) follows.
No.
Account
Title
Debit
Credit
101
Cash
$
38,764
106
Accounts receivable
13,418
126
Computer supplies
2,545
128
Prepaid insurance
2,040
131
Prepaid rent
3,140
163
Office equipment
8,000
164
Accumulated depreciation—Office
equipment
$
0
167
Computer equipment
21,600
168
Accumulated
depreciation—Computer equipment
0...
After the success of the company’s first two months, Santana Rey continues to operate Business Solutions....
After the success of the company’s first two months, Santana Rey
continues to operate Business Solutions. The November 30, 2019,
unadjusted trial balance of Business Solutions (reflecting its
transactions for October and November of 2019) follows.
No.
Account Title
Debit
Credit
101
Cash
$
38,264
106
Accounts receivable
12,618
126
Computer supplies
2,545
128
Prepaid insurance
2,220
131
Prepaid rent
3,300
163
Office equipment
8,000
164
Accumulated depreciation—Office equipment
$
0
167
Computer equipment
20,000
168
Accumulated depreciation—Computer equipment
0...
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