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igomit [66]
2 years ago
12

Barney decides to quit his job as a corporate accountant (which pays $10,000 a month) and go into business for himself as a cert

ified public accountant.
He decides not to rent office space downtown, but instead sets up shop in his converted garage apartment, which he could rent out for $300 a month if he wasn't using it as his own office.

He must purchase office supplies worth $75 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office.
Business
1 answer:
Orlov [11]2 years ago
5 0

Answer:

Accounting Profit = $11,875

Economic Profit = $1,575

Explanation:

income from job = $10,000 /month

Rent which could have been earned = $300 /month

Office supplies = $75 /month

Increase in electricity bills = $50 /month

Income from home = $12,000 /month

(a) Accounting profit = Income - Costs

                                  = $12,000 - ($75 + $50)

                                  = $11,875

(b) Economic profit = Accounting profit - Opportunity cost

                                = $11,875 - ($10,000 + $300)

                                = $1,575

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You want to be a millionaire when you retire in 40 years.
Sedaia [141]

Answer:

a. FV = $1,000,000

rate = 9.7%

n = 40 periods

FVIFA = [(1 + 0.097)⁴⁰ - 1] / 0.097 = 407.9960231

annual savings = $1,000,000 / 407.9960231 = $2,451.00

b. FV = $1,000,000

rate = 9.7%

n = 30 periods

FVIFA = [(1 + 0.097)³⁰ - 1] / 0.097 = 155.4306295

annual savings = $1,000,000 / 155.4306295 = $6,433.74

FV = $1,000,000

rate = 9.7%

n = 20 periods

FVIFA = [(1 + 0.097)²⁰ - 1] / 0.097 = 55.35978429

annual savings = $1,000,000 / 55.35978429 = $18,063.65

7 0
2 years ago
Alex received two job offers. He is not sure whether he should take a job at the movie theater that is close to his house and pa
soldi70 [24.7K]
He should take the movie theater job bc it’s closer to him and almost the same amount of money.
4 0
3 years ago
Angela is nearly nine months pregnant. She has worked for her current employer on a full time basis for the last 8 months, and h
Lyrx [107]

Answer:

Angela has not worked for her employer long enough to demand leave.

Explanation:

Since angela is approx nine month pregnant and she worked on a full time basis for the last eight month also she wants to take the off for the nine weeks so as per the family medical leave act, the problem that could be seen is that she is not worked for her also the employer is sufficient for demanding the leave

Therefore the above statement should be correct

6 0
2 years ago
A ______ tax structure applies the same tax rate to all levels of income, while a ______ tax structure applies higher tax rates
valina [46]

1. <u>Proportional taxation</u> applies where the same tax rate is used no matter the level of income.

2. A <u>progressive tax structure</u> uses higher tax rates with increases in the tax base.

3. A <u>regressive tax structure</u> applies lower tax rates despite increases in the tax base.

<h3>The differences between the tax structures</h3>

The implication of the above explanations is that a progressive tax system takes a larger percentage of income from high-income groups than from low-income groups. A proportional tax system takes the same percentage of income from all income groups, while a regressive tax structure operates from the opposite angle, taking a larger percentage of income from low-income groups than from high-income groups.

Thus, one of these three tax structures may be prevalent in some countries of the world.

Learn more about the progressive, proportional, and regressive tax structures here: brainly.com/question/13701600

3 0
2 years ago
Does anyone know the answer to this? Please help, I’ll give you points
Elodia [21]
Think its the second one but not sure

6 0
3 years ago
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