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sladkih [1.3K]
3 years ago
12

Pat used to work as an aerobics instructor at the local gym earning $35,000 a year. Pat quit that job and started working as a p

ersonal trainer. Pat makes $50,000 in total annual revenue. Pat's only out-of-pocket costs are $12,000 per year for rent and utilities, $1,000 per year for advertising and $3,000 per year for equipment. Pat's accounting profit is _______, and Pat's economic profit is _______.
a) $50,000; $15,000
b) $34,000; -$1,000
c) $34,000; $15,000
d) $15,000; -$1,000
Business
1 answer:
Svetlanka [38]3 years ago
4 0

Answer:

B. $34,000; -$1,000

Explanation:

Accounting profit equals total revenue minus explicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 = $34,000.

Economic profit equals total revenue minus the sum of both explicit and implicit costs. Here,

$50,000 - $12,000 - $1,000 - $3,000 - $35,000 = -$1,000

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Answer:

The rate of return on the investment is 10.79% per year

Explanation:

The rate of return on the bond can be calculated using the future value formula, which is given as :

FV=PV*(1+r)^N

FV future value is the value of investment at redemption at $25000

PV is the current price of the bond now at $4,850

r is the rate of return on the bond which is unknown

N  is th number of years the bond matures which is 16 years

25000=4,850*(1+r)^16

divide both sides by 4850

(25000/4850)=(1+r)^16

divide the exponential on both sides by 16

(25000/4850)^1/16=1+r

1.107930178 =1+r

r=1.107930178 -1

r=0.10793

r=10.79%

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3 years ago
List examples of words that can describe a store's image.​
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Some words which can be used to describe a store's image are:

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<h3>What is Perception?</h3>

This refers to the way people view a business with regards to its ease of operations (or lack of it), and ethical outlook, etc.

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