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
Alex Ar [27]
3 years ago
10

Jill took ​$50 comma 000 that she had in savings and started her own business. If left in investments she would have earned ​$5

comma 000 this year. Jill also left a job that paid her ​$70 comma 000 a year and plans on paying herself ​$40 comma 000. Materials and other labor costs will be ​$80 comma 000. The company is located in a building that Jill owns. She could have rented the building out for ​$40 comma 000 but plans on charging the company only the insurance and mortgage payment of ​$20 comma 000. What do the accounting and economic costs​ equal?
Business
1 answer:
dmitriy555 [2]3 years ago
4 0

Answer:

$140,000 and $195,000

Explanation:

The computations are shown below:

Accounting cost would be

= Jill salary +  material and other labor costs +  Insurance and mortgage payment

= $40,000 + $80,000 + $20,000

= $140,000

The economic cost would be

= Accounting cost + investment left + loss in salary + loss in rent

= $140,000 + $5,000 + $30,000 + $20,000

= $195,000

The loss in salary would be

= $70,000 - $40,000

= $30,000

The loss in rent would be

= $40,000 - $20,000

= $20,000

You might be interested in
Last month, sellers of good Y took in $100 in total revenue on sales of 50 units of good Y. This month sellers of good Y raised
nekit [7.7K]

Answer:

Option c = They are Substitutes and have cross price elasticity of 1.67

Explanation:

Cross-Price Elasticity = <u>%change in Quantity demanded of  good X</u>

                                      %change in Price of good Y

% change in Quantity Demanded of good X = <u>Q2-Q1  </u> × 100

                                                                            (<u>Q1+Q2)</u>

                                                                                2

% change in Quantity Demanded of good X =<u> 40-20 </u> ×100

                                                                            <u>(20+40)</u>

                                                                                 2

% change in Quantity Demanded of good X = 66.67%

% change in price of good Y = <u>P2-P1</u> × 100

                                                  <u> ( P1+P2)</u>

                                                       2

Last month Total Revenue = $100

Total Units = 50

Last month Price / unit = 100/50 = $2

This Total Revenue $120

Total units 40

This monthPrice / unit = 120/40 = $3

% change in price of good Y=<u> 3 - 2     </u>× 100

                                                    <u>3+2</u>

                                                      2

% change in price of good Y =<u> 1   </u>× 100

                                                  2.5

% change in price of good Y = 40%

Cross-Price Elasticity =<u> 66.67</u>

                                        40

Cross- Price Elasticity = 1.67

Since its greater than 1 its Cross price elasticity of Substitute

also as the price of good y increased from $2 to $3 the quantity demanded of good x increased although its price remained constant which indicates its a substitute good as  people preferred buying good x instead of good y

6 0
3 years ago
The average cost of a single sales call to a potential b2b buyer in the u.s. is expensive and could cost about:
Colt1911 [192]
<span>A single sales call to a potential B2B buyer in the United States could cost about $400. A B2B sales call is a business to business sales call. The closing of a sale can be hit or miss, but it is said that any contact with the buyer can be helpful later.</span>
5 0
3 years ago
A salesperson working for Broker A sells a $150,000 home listed with another brokerage. The listing commission is 6.5 percent of
Taya2010 [7]

Answer:

She is entitled to $3,217.5

Explanation:

First the amount the brokers and sales person are interested in is 6.5% of the selling price ($150,000). so calculating 6.5% of the selling price;

6.5% = 6.5/100 = 0.065

∴ 6.5% of $150,000 = 0.065 × 150,000 = $9,750

Next, we are interested in the cooperating broker (Broker A), who the sales person works for. Note that a cooperating broker is the broker who facilitates a real estate transaction, along with a listing broker who listed the property, and in this case the listing broker is Broker A, who the sales person works for.

We are told that the cooperating broker takes 60% of the listing commission ($9,750);

Therefore, 60% of $9,750 = 0.6 × 9,750 = $5,850

Next, we are also told that out of this amount, the sales person is responsible for 55% of the listing commission entering the cooperate broker's office;

Therefore, 55% of $5,850 = 0.55 × 5,850 = $3,217.5

Therefore the sales person is entitled to $3,217.5

8 0
3 years ago
What is JROTC?
scZoUnD [109]
A military officer training program
5 0
3 years ago
Read 2 more answers
when some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in
aleksklad [387]

Answer:  The correct option therefore is > upward sloping

Explanation:

When resources are limited in quantity, the cost of production would increase. Hence, in the long run, the supply curve will be upward sloping.

3 0
2 years ago
Other questions:
  • Evans Inc. had current liabilities at April 30 of $74,100. The firm's current ratio at that date was 1.7.Required:Calculate the
    7·2 answers
  • This is the forces that combine to make the production of products and services possible.
    11·1 answer
  • A variable annuity is a(n)
    13·1 answer
  • If Ben invests $3500 at 4% interest per year, how much additional money must he invest at 5 1 2 % annual interest to ensure that
    6·1 answer
  • Business Solutions's second-quarter 2020 fixed budget performance report for its computer furniture operations follows. The $162
    14·1 answer
  • Using a payoff matrix to determine the equilibrium outcome Suppose there are only two firms that sell Blu-ray players: Movietoni
    12·1 answer
  • When does a company need to identify mission-critical business functions and quantify the impact a loss of such functions may ha
    10·1 answer
  • (Look at picture above) Please help!!!!
    7·1 answer
  • Jazmine loves posting on social media. She loves spreading the word about projects she's working on and helping others do the sa
    15·1 answer
  • Can someone help me with these 2 questions
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!