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Lady_Fox [76]
4 years ago
7

Bev is opening her own court-reporting business. She financed the business by withdrawing money from her personal savings accoun

t. When she closed the account, the bank representative mentioned that she would have earned $300 in interest next year. If Bev hadn’t opened her own business, she would have earned a salary of $25,000. In her first year, Bev’s revenues were $30,000. Which of the following statements is correct?
a.Bev’s accounting profits exceed her economic profits by $300.
b.Bev’s total explicit costs are $25,300.
c.Bev’s total implicit costs are $300.
d.Bev’s economic profit is $4,700.
Business
1 answer:
lianna [129]4 years ago
3 0

Answer:

Option (d) is correct.

Explanation:

Here, the implicit cost is as follows:

Interest income she would have earned = $300

She would have a salary = $25,000

Total revenue from the business = $30,000

The total opportunity cost is as follows:

= Interest income + salary amount

= $300 + $25,000

= $25,300

Therefore,

Economic profits:

= Total revenue - Total Cost

= $30,000 - $25,300

= $4,700

Therefore, the Bev’s economic profit is $4,700.

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2. According to the English translation: "</span><span>I think that they will read the letters.</span>", the sentence should be completed like this: <span>Puto eos litteras lecturos esse. As you see Lecturos esse translates like will read or be reading (future tense).

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7. If the English translation is: </span><span>I think that the girls will read the books. The Latin one will be: </span>Puto puellas libros <span>lecturas esse. (Notice that this one is the same as the second sentence, but feminine).

8. We have English version of the sentence, that is: </span>I think that the letters have been read by them. So the Latin one should be translated like this: Puto litteras a eis<span> lectas esse</span>.

9. Here we've got English translation: 
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10. According to the English translation: "<span>I thought that the books were being read by the soldiers.", the Latin version should be completed like this: </span>Putavi libros a militibus legi.
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