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
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

You might be interested in
The ________ theory states that firms undertake foreign direct investment when the features of a particular location combine wit
liraira [26]

Answer:

D. Eclectic theory

Explanation:

Sometimes referred to as the OLI-Model or OLI-Framework, the eclectic theory simply assumes that firms and institutions will always avoid transactions in open markets of the cost of completing the same transaction internally or in-house carries a lower price. Thus, firms undertake foreign investment when characteristics of of a location combined with ownership and internalization advantage, thereby making location appealing for an investment.

3 0
3 years ago
Read 2 more answers
A construction company provides hard hats to employees working at a construction site. This measure taken by the company for its
Sliva [168]

Answer:

<u>d. Occupational Safety and Health Act.</u>

Explanation:

When a company provides necessary instruments for the safety of employees in carrying out their tasks, this means a provision of the Occupational Health and Safety Act.

This is a US labor law that was enacted in 1970 and governs federal occupational health and safety law in the private sector and the federal government in the United States.

The main objective of this law is to ensure that the employer offers adequate protection to employees exposed to unhealthy working conditions, stress, excessive noise levels, exposure to toxic products, mechanical hazards, etc.

4 0
2 years ago
Read 2 more answers
You plan to invest in bonds that pay 6.0%, compounded annually. If you invest $10,000 today, how many years will it take for you
kati45 [8]

Answer:

The answer is 16 years.

Explanation:

The formula for calculating the value of an investment that is compounded annually is given by:

V(n)=(1+R)^nP

Where:

n is the number of years the investment is compounded,

R is the annual interest rate,

P is the principal investment.

We know the following:

25000=(1+0.06)^n \times 10000

And we want to clear the value <em>n</em> from the equation.

The problem can be resolved as follows.

<u>First step:</u> divide each member of the equation by 10,000:

\frac{ 25000}{10000}=(1+0.06)^n \times \frac{ 10000}{10000}

2.5=(1.06)^n

<u>Second step:</u> apply logarithms to both members of the equation:

log(2.5)=log (1.06)^n

<u>Third step:</u> apply the logarithmic property logA^n=n.logA in the second member of the equation:

log(2.5)=n.log (1.06)

Fourth step: divide both members of the equation by log1.06

\frac{log(2.50)}{log (1.06)} =n

n= 15.7252

We can round up the number and conclude that it will take 16 years for $10,000 invested today in bonds that pay 6% interest compounded annually, to grow to $25,000.

6 0
3 years ago
The "four P's" of marketing are
Alex73 [517]

Answer:

Product characteristics, price structure, placement strategy, and promotional strategy.

Explanation:

The 4p's are product price place and promotion

8 0
3 years ago
Read 2 more answers
Gloria's employer deducted 20 percent of her pay in the month of january due to personal problems he had with her. under the lil
Dafna11 [192]

180 days of the most recent paycheck reflecting the discrepancy.

4 0
3 years ago
Other questions:
  • An effective concurrent strategy for dealing with employee theft of supplies and equipment is ________.
    12·1 answer
  • Banks make a profit by __________.
    14·2 answers
  • To join together against and have nothing to do with a person, business, nation, employer, or anything else in order to coerce o
    15·1 answer
  • Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales a
    14·1 answer
  • Due to the impact that sudden events could have in the value of bonds, event risk covenants, or provisions, are included in the
    11·1 answer
  • An economics professor, upset about the rising cost of textbooks, proposed that his department purchase 50 copies of a statistic
    5·1 answer
  • Burger King is a cash-basis taxpayer but maintains its financial accounting records using full
    14·2 answers
  • Let C stand for consumption spending, I for investment, G for government purchases, X for exports, IM for imports, DI for dispos
    5·1 answer
  • Is ikea product based or service based please explain.
    5·1 answer
  • Pick the correct statement related to bid price from below. Multiple Choice The bid price is the price you must charge to break
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!