1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ANTONII [103]
3 years ago
10

Anne Teek works full time as the manager of her used furniture store in which she has invested $40,000. Last year, her total rev

enues were $90,000 and her costs were $60,000 for merchandise, gas, electricity, and other explicit-cost items. Ms. Teek pays herself a "competitive" salary of $30,000 per year. An economist would consider her profits for the year to be
Business
1 answer:
jasenka [17]3 years ago
4 0

Answer:

C. $0 minus the opportunity cost of the $40,000 of capital invested in the store.

Explanation:

Data provided in the question

Invested amount for furniture = $40,000

Total revenues = $90,000

Miscelleanous Cost = $60,000

Competitive salary = $30,000

Based on the above information, the profits for the year is $0 that should be less the opportunity cost i.e $40,000 that represents the capital invested in the store and the same is to be considered

Hence, the correct option is c.

You might be interested in
An animator needs a laptop for audio/video editing, and notices that he can pay $2600 for a Dell XPS laptop, or lease from the m
Goshia [24]

Answer:

Cost of leasing over buying is $144.59

Explanation:

For computing the cost of leasing the laptop over buying it outright, we have to calculate the present value is shown below:

Given that,  

Future value = $0

Rate of interest = 14%  ÷ 12 months = 1.17%

NPER = 4 years  × 12 month = 48 months

PMT = $75

The formula is shown below:

= PV(Rate;NPER;-PMT;FV;type)

So, after solving this, the present value is $2,744.59

And, the buying amount is $2,600

So, the difference is

= $2,744.59 - $2,600

= $144.59

3 0
3 years ago
Sản phẩm hữu hình và sản phẩm vô hình khác biệt như thế nào?
mr Goodwill [35]

Tài sản hữu hình là bất cứ thứ gì có thể nhìn thấy và hiện diện vật chất như tiền mặt, tài sản, nhà máy và máy móc hoặc các khoản đầu tư. Mặt khác, tài sản vô hình là những thứ không thể nhìn thấy được như lợi thế thương mại của công ty, nhãn hiệu và quyền sở hữu trí tuệ.

Stop your reminding me of vietcong

8 0
3 years ago
You own a house near the beach. Your Home Owners insurance has an annual premium of $1,250. However,since you live only 112 feet
vampirchik [111]

Answer:

1,437.50

Explanation:

6 0
3 years ago
Which of the following is true of options? a. ​More than one of these. b. ​The writer pays the buyer the option premium. c. ​The
babymother [125]

Answer:

B

Explanation:

3 0
3 years ago
The income statement of Sheridan Company for the month of July shows net income of $3,480 based on Service Revenue $7,890, Salar
ANEK [815]

Answer:

what do u want from me monq I told you bye so bye mean bye

8 0
3 years ago
Other questions:
  • (able to pick multiple)
    8·2 answers
  • Find the accumulated value of an investment of $ 20 comma 000 for 5 years at an interest rate of 6.5 % if the money is a. compou
    5·2 answers
  • Suppose a firm has the following expenditures per day: $240 for wages, $150 for materials, and $80 for equipment rental. The own
    9·1 answer
  • A company has $100,000 in "outstanding accounts receivable" and it uses the allowance method to account for uncollectible accoun
    9·1 answer
  • Potential problems with incentive based compensation are a. ​not evaluating the relevant performance measures b. ​rewarding outc
    8·1 answer
  • QUESTION 1
    13·1 answer
  • Two or more products are produced using limited resources. The firm would like to determine how many units of each product it sh
    14·1 answer
  • GDP is not a perfect measure of well-being; for example, a. GDP incorporates a large number of non-market goods and services tha
    5·1 answer
  • Normative account captures what people often do when they are first introduced to computer and
    9·1 answer
  • Marbry Corporation's balance sheet and income statement appear below.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!