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arsen [322]
3 years ago
6

Mike used to work as a commercial painter for $40,000 per year but quit in order to start his own painting business. To invest i

n his painting business, he withdrew $20,000 from his savings, which paid 3% interest, and borrowed $30,000 from his uncle whom he pays 3% interest per year. Last year Mike paid $25,000 for supplies and had a revenue of $60,000. How would and accountant and an economist calculate Mike's costs?
Business
1 answer:
N76 [4]3 years ago
7 0

Answer:

Accountant   34,100 gain

Economist      (6,500) loss

Explanation:

<u></u>

<u>Accountant:</u>

revenue               60,000

operating cost    25,000

Interest expense     900   ( 30,000 x 3%)

net income          34,100

<u>Economist: </u>

revenue     60,000

explicit cost 25,900

<em>implicit cost (opportunity cost):</em>

savings yield:

20,000 x 3% = 600

painter job   40,000

economic loss (6,500)

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Answer:

D. Changing practices superficially to appear more  environmentally friendly to consumers than they  truly are.

Explanation:

Greenwashing is the act of corporate companies in their attempts to convey a false impression to their customers that their products are environmentally friendly. Through this process, they provide misleading information.

Companies provide misleading information to their customers, in making the impression that their products are more environmentally friendly than other products. Thus, <u>greenwashing can be described as changing the practices of the company/ brand superficially so that they appear more environmentally friendly than they really are to customers</u>.

4 0
3 years ago
Please it is pyscology questions please help me with this​
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not even a little

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6 0
2 years ago
Perit Industries has $190,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternat
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Answer:

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3 0
3 years ago
Research indicates that 17 percent of consumers recognize the Flatfeet brand of athletic wear. If there are 30,000 consumers in
jenyasd209 [6]

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5,100 Consumers

Explanation:

The 17% of the total consumer recognize Flatfeet brand which means:

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3 0
3 years ago
the simple circular flow model shows that workers, land owners, and owners of capital offer their services through: product mark
dalvyx [7]

The simple circular flow model shows that workers, landowners, and owners of capital offer their services through resource(or Factor) markets. Thus, option (b) is correct.

What is circular flow model?

An economic model that depicts how money moves across the economy is the circular flow model. Businesses need resources to generate the goods and services that households and households buy.

The circular flow model is the based on the business and the households. The four factors of the recourses to the labor, entrepreneurship, land, and capital) these are the mainly used in the business to manufacturer their goods and produces the services.

As a result, the circular flow model are resource (or Factor) markets. Therefore, option (b) is correct.

Learn more about on circular flow model, here:

brainly.com/question/11324259

#SPJ4

Your question is incomplete, but most probably the full question was.

a) Product markets.

b) Resource(or Factor) markets.

c) Employment Agencies.

d) Business Firms.

5 0
2 years ago
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