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likoan [24]
3 years ago
13

Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t

o be $2,000 per year. the kayaks he owns are valued at $25,000, but he experiences 10% annual depreciation on them. he will also use building space that he owns, but, to do so, he must give up the $10,000 per year in rent he used to receive for the space. revenue is expected to equal $100,000 per year. sid's economic profit is:
Business
1 answer:
Karo-lina-s [1.5K]3 years ago
4 0

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

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1 year ago
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Wiley's Wire Products is considering a project that has the following cash flow and WACC data. What is the project's MIRR? Note
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Answer:

e. 13.50%

Explanation:

WACC                11.00%

Year                        0              1                  2                   3  

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