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Marina86 [1]
3 years ago
14

An economist resigns her $100,000/year university teaching position to work fulltime in her own consulting business. In the firs

t year she has total revenue of $250,000 and expenses of $100,000. Which of the following statements is correct?
i. Her accounting profit was $250,000
ii. Her accounting profit was $150,000
iii. Her economic profit was $50,000
iv. Her economic profit was $150,000
Business
1 answer:
lilavasa [31]3 years ago
7 0

Answer:

ii. Her accounting profit was $150,000

iii. Her economic profit was $50,000

Explanation:

The computation is shown below:

For accounting profit, it is

= Total revenues - total expenses i.e explicit cost

= $250,000 - $100,000

= $150,000

And, for economic profit

= Total revenues - total cost i.e explicit and implicit cost

= $250,000 - $100,000 - $100,000

= $50,000

Hence, the second and third options are correct

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When there is an expansionary monetary policy in place, more money is pumped into the economy which means that there are more loanable funds. This increase in the supply of loanable funds will decrease the interest associated with them.

As a result of interest rates being lower, more businesses and people will be able to borrow money and invest in projects thereby increasing investment spending.

In conclusion, there will be an increase in investment spending due to a decrease in interest rates.

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2 years ago
On November 15, 2018, X Corp., an accrual basis taxpayer, enters into a contract which will provide the corporation with the use
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Therefore, the payment that X Corp. can deduct in 2018 will be:

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3 years ago
Your employer emailed a question and to all employees to gather data on employee satisfaction what type of research is your comp
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Answer:

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Explanation:

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2 years ago
On January 1, 2017, Grand Haven, Inc., reports net assets of $945,300 although equipment (with a four-year remaining life) havin
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We often observe that addition of another unit of labor increases output but by an amount that is smaller than the addition of t
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