Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
Answer:
$14,200
Explanation:
<em>Step 1 Determine the Cost of the Patent </em>
Research and Development costs $101000
<em>Add</em> legal fees $41000
Total $142,000
<em>Step 2 Determine Amortization Expense </em>
Amortization Expense = Cost/ Useful life
= $142,000/10 years
= $14,200
Answer:
<u>The target cost per iron= $83.25</u>
Explanation:
Profit Required = Required Investment * required rate of return
= $ 3,500,000*15%
= $ 525,000
Sales= 300000*85=$25,500,000.00
Less: profit required=$525,000.00
Cost= Sales- Profit
Cost=24,975,000.00
Per Unit Target Cost = Total Cost / Total Units
= $ 24,975,000/ 300,000
= $ 83.25
The rational expectations theory is a concept and theory used in macroeconomic.
what is rational expectations theory?
- The rational expectations theory could be a concept and modeling method that's utilized broadly in macroeconomics.
- The hypothesis sets that people base their choices on three essential variables: their human judiciousness, the data accessible to them, and their past experiences.
- The theory proposes that people’s current expectations of the economy are, themselves, able to impact what long-term state of the economy will gotten to be.
- This statute contrasts with the thought that government arrangement impacts monetary and financial decisions.
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Answer:
The answer is: Mike will have to pay state income tax even if he is signed by teams from Florida, Texas or Washington, due to Jock Taxes that are levied on professional athletes.
Explanation:
Mike could be selected by a team from Florida, Texas or Washington (6 possibilities out of 32 teams) and not pay any state income taxes for the games they play at home.
He will have to pay state income taxes for the other games his team plays outside those 3 states and Washington DC. Most states (47) collect a Jock Tax which means that professional athletes that reside outside the state must pay state income taxes when they play a visiting game in their state.
