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
muminat
3 years ago
5

1. Megan used to work at the local pizzeria for $15,000 per year but quit in order to start her own deli. To buy the necessary e

quipment, she withdrew $20,000 from her inheritance (which paid 8 percent interest). Last year she paid $25,000 for ingredients and $500 per month rent but had revenue of $50,000. She asked her dad the accountant and her mom the economist to calculate her costs for her.
Social Studies
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

To her dad who is an accountant, her cost will be $31,000, but to her mum the economist, her cost will be $47,600

Explanation:

Megan used to earn = $15,000

Withdrawal made = $20,000

This withdrawal would have earned her $1,600 for one year at 8% interest

Expenses recorded = $25,000 for ingredient

Rent = $500 * 12 = $6000 for 1 year

To her dad the accountant, what is recorded as cost or spent is what counts as cost, hence to the accountant;

Accountant (Dad) cost = Cost of ingredient + Cost of rent

= $25,000 + $6,000 = $31,000

To her mum the economist, she put into consideration, the cost of the forgone alternative ($15,000)

She also factors what she would have gain if she did not withdraw the money (the 8% interest) = $1,600

Thus the Economist (Mum) cost = $25,000 + $6,000 + $15,000 + $1,600

= $47,600

You might be interested in
In Robert Merton's strain theory of deviance, ___________ refers to the process of seeking conventional goals but rejecting the
tiny-mole [99]

Answer:

retreatist

explanation:

An individual that  rejects cultural goals of the society and what it took in order to achieve them.

5 0
3 years ago
Based on your knowledge of social studies, what is the BEST description of the Canadian economy?
Nookie1986 [14]

Answer:

c. it is a pure market economy.

8 0
3 years ago
How soil is formed explain with the help of diagram.
soldier1979 [14.2K]

Answer:

give above guy brainiest. thanks

6 0
3 years ago
What was the policy toward Germany for both England and France BEFORE Germany invaded Poland?
Fantom [35]
A) appeasement
is the correct answer
6 0
3 years ago
This is the process of matter changing from solid to liquid state
Elis [28]
The process in which a solid change to a liquid is called melting. The melting point is the temperature at which a solid changes to a liquid. For a given type of matter, the melting point is the same as the freezing point.
6 0
3 years ago
Read 2 more answers
Other questions:
  • How did Perciles improve life in Athens
    5·1 answer
  • Why did Taft have the Oval Office placed in the center of the west wing of the White House?
    8·1 answer
  • provide two positives and two negatives the Suarez family would face if they switched to organic farming.
    11·2 answers
  • How does the geography of eastern and western north America differ?
    9·1 answer
  • Why did erican farmers prefer to settle in the Northwest rather than the Great Plains?
    13·1 answer
  • In the past, there were 20 times more children than older people. Then there were 7 times more people under age 15 than over age
    11·1 answer
  • What does Congress have to do if the Senate passes a bill with cuts of two percent on student loans, and the House passes a bill
    8·1 answer
  • Native plants are plants original to a region ​
    7·1 answer
  • What was one of the most valuable raw materials during the industrial revolution
    9·2 answers
  • Use the Time Zone Map to answer the question.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!