Answer:
The yearly economic cost for Fred's accounting business is $142,000.
Explanation:
Economic costs include both the explicit costs and the implicit costs.
Explicit costs are the expenditure on factors of production purchased from outsiders.
Implicit costs are the opportunity cost of owner provided resources.
Other expense is an explicit cost.
Foregone salary and foregone rent are the implicit costs.
So,
Economic cost = Foregone salary + Foregone rent + Other expenses
Economic cost = $95,000 + $22,000 + $25,000 = $142,000
Thus,
Answer:
Cleaning service is something I would like to create
Explanation:
Seeing how cleaning is and should be apart of our everyday life system it is important and necessary that we have more products and services that are created. This is one of the most essential things that we need right now.
Answer and Explanation:
The computation of the depreciation expense and book value at the end of 2016 is shown below:
But before that first determine the cost of the asset which is
Cost of the asset is
= Purchase price + rear hydraulic lift + sales tax
= $62,000 + $8,000 + $3,000
= $73,000
Now the depreciation expense is
= ($73,000 - $8,000) ÷ (10 years)
= $6,500
ANd, the book value is
= $73,000 - $6,500 × 2
= $60,000
This would be known as the recession phase of a business cycle meaning Demand begins to four and there is a steady decline in employment, prices and profits, income and output. there is a noticeable reduction in investments and The banks as well as the people attempt to obtain more liquidity so, credit contracts. Expansion of business pauses making stock markets fall. People begin to lose their jobs when orders are canceled. is increase in unemployment results in a harsh decline in income as well as aggregate demand. On the bright side, a period of recession amounts for only a short time
