FlowersCom Is Earning a Total Revenue of $100,000 Per Year

question 29

Essay

Flowers.com is earning a total revenue of $100,000 per year. Its annual total fixed costs are
$25,000 and its annual total variable costs are $75,000. What is the operating profit for Flowers.com? What is economic profit?

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Definitions:

Project Plan

A formal document designed to guide the control and execution of a project, including detailed information about its scope, objectives, and resources.

Timeline

A graphical representation of a sequence of events arranged chronologically, often used to visualize historical, project, or life events.

Negotiating

The process of discussing something with someone in order to reach an agreement or compromise.

Striking

Striking involves workers collectively ceasing work and engaging in protest, typically to demand better wages, conditions, or rights from their employers.