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
Afina-wow [57]
3 years ago
13

Sarah is a real estate agent who earned​ $100,000 in 2016. At the beginning of​ 2017, Sarah wanted to pursue a new career so she

quit her job and became a yoga instructor. In her first​ year, she made total revenue of​ $55,000. The information on the right gives details of​ Sarah's first year in the yoga business. What is​ Sarah's economic​ profit?
Business
1 answer:
insens350 [35]3 years ago
4 0

Answer: $ -45,000

Explanation: Economic profit is the difference between accounting profit and opportunity cost.

Economic profit = Accounting profit - Opportunity cost

Sarah left her job as a real estate agent to become a yoga instructor. Therefore ,her opportunity cost is the income she forgoed to become a yoga instructor which is $100,000.

Her accounting profit is $55,000.

Economic profit = 55,000 - 100,000 = $-45000.

I hope my answer helps.

Goodluck

You might be interested in
A broker operates an office in a town on the state line. A buyer from the adjoining state wants to see homes on both sides of th
evablogger [386]

Answer:

In this case, the broker:

b. may not show the buyer homes in the other state without a non-resident license.

Explanation:

A state line is a boundary that defines one state from another. States are defined by the state line that encloses them.All states in the United States have specific rules that govern their social, political and economic welfare. Conducting a business in a state requires that one has to firstly get information on the laws that regulate business activities in the area. The most common document that one needs to operate a business in any given state is a business license. The business license gives one the legal right to conduct his/her duties in the particular state.

Operating in a state has to be understood before determining whether or not one will need some kind of legal right to conduct his/her business. The requirements for one to qualify as operating in a state are;

1. When one owns property in that state.

2. Having facilities in that state where formal meetings regularly take place

3. Selling in the state using a party directly related to your business

4. When an individuals owns a bank account in that state

In our case, since the brokers action can be termed as business related and he/she is not a resident of any of the adjoining states, the broker has to have a non-resident license to show the buyer homes in those states.

3 0
3 years ago
Houseman, Inc. anticipates sales of 50,000 units, 48,000 units, 51,000 units and 50,000 units in July, August, September and Oct
ella [17]

Answer:

50,600 units

Explanation:

The computation of the number of units to be produced in September is given below:

= sales + ending inventory - opening inventory

= 51,000 units + (40% of 50,000 units) - (40% of 51,000 units)

= 51,000 units + 20,000 units - 20,400 units

= 50,600 units

3 0
3 years ago
In California, Arthur wants to personally place business with RTS Insurance Company who is a nonadmitted carrier. The only way A
Cloud [144]

Answer

Professional ethics and code of conduct regulation

Explanation:

California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.

7 0
3 years ago
Suppose a state has the following individual income tax structure.The first $20,000 that an individual earns is taxed at 5%. The
blagie [28]

Answer: $6,000

Explanation: Considering the tax structure:

An employee with a total income of $60,000 will pay:

1st $20,000= $20,000*5%=$1,000

2nd $30,000= $30,000*10% = $3,000

Bal of $10,000= $10,000 * 20% = $2,000

Total Tax payable = $1,000+$3,000+ $2,000=$6,000

7 0
4 years ago
Jim enjoys the feeling of wind in his hair enough to ride his motorcycle without a helmet, even though he fully realizes the pot
mezya [45]

Answer:

Making a rational choice              

   

Explanation:

The philosophy of rational choice claims that people use logical judgments to make rational decisions and deliver results that are consistent with their very own personal goals. Such findings are also linked with the highest, self-interests of a person.

The philosophy of rational decision is based on the conjecture of intervention of rational agents who are the people in a system making rational decisions based on rational judgments and knowledge that is rationally accessible. Rational individuals form the foundation of the philosophy of rational decision and are what makes the concept of rational choices efficient.

7 0
3 years ago
Other questions:
  • Oreva, a multinational corporation, pays $100,000 per year to an information technology firm to archive and secure all of its da
    14·1 answer
  • If a product makes it through a rigorous development process, will it be a sure success?
    5·2 answers
  • Most job openings in the next few years will
    9·1 answer
  • According to the interest rate effect, an increase in the price level leads to ________ in the interest rate, and therefore to _
    10·1 answer
  • Pharoah Company had the following account balances: Sales revenue $ 447000 Cost of goods sold 228000 Salaries and wages expense
    9·1 answer
  • The market price of a security is $50. Its expected rate of return is 14%. The risk-free rate is 6% and the market risk premium
    8·1 answer
  • Match the term with the correct description.
    15·1 answer
  • Which phrase best completes the diagram?
    7·2 answers
  • Kaitlin manages the organization’s employee-related actions to ensure compliance with equal opportunity laws and regulations as
    11·1 answer
  • The formula to compute cash flow on total assets takes cash flow from operations divided by:_______
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!