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Alenkinab [10]
3 years ago
7

An architecture firm charges clients $250 per hour for their services, and they pay their architects an average of $175 per hour

. They expect to accumulate 10,000 hours of architecture work this year. Their other costs include marketing and general administrative costs totaling $615,000 per year. What is the firm's profit before taxes?A)$135,000 B)$140,000 C)$115,000 D)$615,000 E)$750,000
Business
1 answer:
erma4kov [3.2K]3 years ago
3 0

Answer:

A)$135,000

Explanation:

service fee      250

average wage 175

contribution 75 this is the ammount generate per hour billed

expected hours billed for the year 10,000

hours x contribution per hour = total contribution

10,000 x 75 =                  750,000

Operating cost             <u>  (615,000)  </u>

Earnings before taxes    135,000

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Tema [17]

Answer:

45%

Explanation:

The market for good x is initially in equilibrium at $5. the government then places a per-unit tax on good x, as shown by the shift of s1 to s2.

As a result of the shift in the supply curve a new equilibrium price is established at $6.25

That implies that the share of the burden that consumers will bear is $1.25 (which represents 55% portion of the tax) - the difference between the previous and new equilibrium prices.

The other 45% portion of the tax will be borne by the producers

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3 years ago
Don Juan, a single taxpayer, is the sole owner of DJ’s Inc., an S Corporation. This year, DJ’s Inc. incurred a massive $600,000
Darina [25.2K]

Answer:

Don Juan is sole business owner and his loss in excess to the minimum threshold amount is $250,000. So Don Juan may deduct the amount $350,000 in terms of loss.  

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Explanation:

Part 1. The calculation is made as below

Excess of business loss ($600,000) – (other business income + Threshold amount ($250,000))

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Part 2. The loss is reflected in next year’s tax statement as net operating loss and can be carried forward. So if Don Juan miss the loss deduction claim, he can do it next year.  

4 0
3 years ago
Two fatal flaws can render a business model untenable from the beginning. These are:
zavuch27 [327]

Answer:

The correct answer is the option A: failure to complete a business plan and failure to get funding.

Explanation:

To begin with, if an entrepreneur failures to complete a business plan and to get funding then the most probable thing to happen is that his business will be untenable from the beginning due to the fact that if the person do not possesses money and a plan to put his ideas in action he will never achieve his primary goals, that is, obtaining profits at long term. Therefore that if there is no business plan in which the company must focus and there is no money to carry out that strategy then the business model is doomed.

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Explanation:

give 5 star

6 0
2 years ago
__________ is an example of a capability that is based in the functional area of distribution. Group of answer choices Effective
ICE Princess25 [194]

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