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The Following Is Cost Information for the Creamy Crisp Donut

question 181

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The following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $50,000Annual lease on building = $22,000Annual revenue from operations = $380,000Payments to workers = $120,000Utilities (electricity, water, disposal) costs = $8,000Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000Entrepreneur's forgone interest on personal funds used to finance the business = $6,000Creamy Crisp's implicit costs, including a normal profit, are


Definitions:

Vastus Lateralis

A muscle located on the side of the thigh, one of the components of the quadriceps femoris, involved in extending the knee.

Extensor Digitorum

A muscle in the forearm that extends the fingers and the wrist.

Pectoralis Major

A large muscle in the upper chest that aids in the movement of the shoulder and the arm.

Deltoid

A large, triangular muscle covering the shoulder joint that is responsible for lifting the arm and giving the shoulder its range of motion.

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