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:

Independence

The state wherein a nation, country, or state governs itself independently, possessing sovereignty and autonomy, uncontrolled by external forces.

Tejanos

People of Mexican heritage who have lived in the territory of the current state of Texas since before it became part of the United States, with a unique culture blending Mexican and Texan influences.

Texians

Residents of the Mexican province of Texas who supported the Texas Revolution against Mexico to achieve independent statehood in 1836.

German Immigration

The movement of German people into the United States, especially significant during the 19th century when they formed one of the largest immigrant groups, influencing American culture and society.