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gregori [183]
3 years ago
12

Chris was the business manager for a real estate firm earning an annual salary of $40,000. Then Chris decided to become a consul

tant. Chris hired an administrative assistant at $15,000 per year and rents office space (utilities included) for $3,000 per month. Chris earned $100,000 in total revenue the first year as a consultant.In order for Chris to earn normal profit, accounting profit would have to be _______.
Business
1 answer:
Reptile [31]3 years ago
7 0

Answer:

The answer is: $40,000

Explanation:

Chris's opportunity cost of working as a consultant instead of working as a business manager (her old job) is $40,000. So in order for Chris to earn normal profit, the difference between his revenue and his combined explicit (e.g. rent, assistant's salary) and implicit costs (opportunity cost) is zero.

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A loan is amortized over five years with monthly payments at an annual nominal interest rate of 9% compounded monthly. The first
Lelechka [254]

Answer:

$7,112.73

Explanation:

We can use the financial calcualtor and some formulas or use the easy way and use excel goal seek.

We contruct the table and find the value of the principal cell that makes the principal after 60 payment zero with payment of $1,000 decreasing 2% each month

the following is made:

A1 period    

1 to 60  

B1 couta

1,000 x (power(0.98;period cell)

C1 interest

previous principal x 9/1200

D1 amortization B1 - C1 that is installment less interest

E1 principal: previous principal - current period amortization

--loan schedule is attached to provide more help--

6 0
3 years ago
True/ false you cannot eliminate all risk but you can reduce and manage it .
Ganezh [65]
True. If you are a responsible co- worker you can watch out for others.
hope this helps you.=)
4 0
4 years ago
Read 2 more answers
Consider the actions of the Fed in response to the Great Recession. Which of the following scenarios should the Fed be worried a
Naily [24]

Answer:

The correct answer is letter "B": Increasing the money supply could decrease aggregate demand.

Explanation:

The Aggregate Demand is a macroeconomic term describing the total demand in an economy for all goods and services at any given price level in a given period. As such, aggregate demand is the demand for the gross domestic product of a country. The relationship between the price level and the goods and services provided is inversely proportional which implies that the price level rises, the goods and services will have less demand and vice versa.  

In that case, if the money supply increases so will the price levels but the goods and services provided will see a dropdown so will the aggregate demand.

8 0
3 years ago
Read 2 more answers
Proponents of the EMH typically advocate
Reika [66]

Answer:

Proponents of the EMH typically advocate, a passive investment strategy. The reason for this is that they believe that there is no advantage of active investing as the market has all the information and the prices adjust immediately to the markets information, so there is no value in security or asset analysis and active investing will just cost more because of fees.

Explanation:

7 0
4 years ago
If a limited partner actively participates in day-to-day management of the business, he or she may forfeit limited partner statu
Tom [10]

Answer:

If a limited partner actively participates in day-to-day management of the business, he or she may forfeit limited partner status and lose limited liability for debts and liabilities: Given statement is a. True

Explanation:

A limited partner are also known as silent partners. They are part owners whose liability of the debts of the firm cannot exceed the amount that he invested in the company.

A limited partnership would have one general partner and at least one limited partner. The general partner is the one who manages the business from day-to-day.

Limited partners do not manage the day-to-day affairs of the business. In case they do, they are then treated as general partners. And would lose the limited liability for debts as stated in the statement. This, it is true.

7 0
3 years ago
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