If each contract is worth $5000 but it costs $300 per week to work on a contract, what is the profit resulting from a simulation drawing of the numbers 72, 36, 8, 71, and 94 to represent contract durations?
What will be an ideal response?
Answer: The total expenses are $7200 and the total revenue is 5 × $5000, for a profit of $17,800.
Business
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Which of the following is NOT an ADVANTAGE of a partnership?
A) A potential increase in available capital over a sole proprietorship B) The commingling with the general partner's personal assets C) The potential for more talent and skills in the business D) All are advantages of a partnership.
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The reliability of estimates is a critical factor in capital budget proposals
Indicate whether the statement is true or false.
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