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sp2606 [1]
3 years ago
9

Joe quits his computer programming​ job, where he was earning a salary of ​$65,000 per​ year, to start his own computer software

business in a building that he owns and was previously renting out for ​$25,000 per year. In his first year of business he has the following​ expenses: salary paid to​ himself, ​$40,000​; ​rent, $0; and other​ expenses, ​$35,000. Find the accounting cost and the economic cost associated with​ Joe's computer software business. ​(Enter numeric responses using an integer.​) The accounting cost of​ Joe's business is ​$ nothing. ​(Enter your response as an integer.​)
Business
1 answer:
Verizon [17]3 years ago
8 0

Answer:

The accounting cost and the economic cost associated with​ Joe's computer software business is $75,00 and the $165,000 respectively.

Explanation:

The computation of the accounting cost and the economic cost is shown below:

Accounting cost =  Other Expenses + Salary paid to himself

                           = $35000 + $40,000

                           = $75,000

Economic cost = Accounting cost + Salary expense + Rent expenses

                        = $75,000 + $65,000 + $25,000

                        = $165,000

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Answer: C. exporting

Explanation:

As many services have to be produced where they are sold, Exporting is not very ideal in the Service industry even if it might work here and there.

Exporting is a form of FDI that means sending the good in question to another country and this is not ideal when services are needed.

For instance, you need your hair cut in Maine but Maine uses exported Barbers from Mexico City, the logistics of such a business are to understate it, untenable. The barber should be in Maine.

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3 years ago
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snow_lady [41]

If the congress declares that K and L sales’ equipment can no longer be exported, this means that the K and L will be dissolved immediately in which it won’t likely to run or function, not unless the company open another business or change their own business.

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3 years ago
Why do southeast asian farmers continue to practice slash-and-burn agriculture and shifting cultivation?
vovangra [49]
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4 0
3 years ago
Sylvia works part-time at an office and also goes to school in the evenings. She is considering taking supplies for a class proj
castortr0y [4]

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Letter D is correct. <em>Public knowledge test.</em>

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2 years ago
Elinore is asked to invest $ 4 comma 900 in a​ friend's business with the promise that the friend will repay $ 5 comma 390 in on
Mandarinka [93]

Answer:

0.09 or 9%

Explanation:

This question has some irregularities. The correct question should be :

Elinore is asked to invest $4,900 in a​ friend's business with the promise that the friend will repay $5,390 in one​ year's time. Elinore finds her best alternative to this​ investment, with similar​ risk, is one that will pay her $ 5,341 in one​ year's time. U.S. securities of similar term offer a rate of return of 7​%. What is the opportunity cost of capital in this​ case?

Solution

Given from the question

Investment (I) = $4,900

Return on investment (ROI) in one year = $5,341

Rate or opportunity cost of capital r is given by

ROI = I × (1 + r)

input the given data

$5,341 = $4,900 (1 + r)

$5,341 = $4,900 + $4,900r

$5,341 - $4,900 = $4,900r

r = ($5,341 - $4,900) / $4,900

r = 0.09

Or 9% in percentage

6 0
3 years ago
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