Answer:
The correct answer is A.
Explanation:
Giving the following information:
Salary= $223,000 per year
Business:
Revenue= $347,000
Costs= $163,000
<u>Economic profit incorporates the opportunity cost of not choosing other options. In this case, the salary on the law firm.</u>
Income= revenue - costs - opportunity cost
Income= 374,000 - 163,000 - 223,000
Income= -$39,000
Answer:
a. provide cheap electrical power in competition with private industry.
Explanation:
Tennessee Valley Authority gained popularity in America because of the project they initiated among the American citizens. They initiated the program of providing low cost electricity to the people. They gave jobs that had good wages to the people who took part in the process of installing the low-cost electricity. The electricity was provided to the place that was deprived of electricity. This initiative led the agency shine among the people of America.
1. FORGIVENESS - Cheryl received a student loan to pursue a degree to become a dental assistant. But unfortunately her school closed down due to legal complications. As Cheryl couldn't complete the course due to no fault of her own, Cheryl need not pay back the loan.
2. DEFAULT - Tom got a student loan to pursue a nursing science degree. But he couldn't manage his money well enough, due to which he was unable to pay back his loan.
3. WORK-STUDY - Sam is pursing an undergraduate program in Economics. He works as an assistant to the financial aid officer, which helps him earn $4000 annually. This helps him pay a few educational expenses.
Answer:
Benjamin Fisher
Insider Trading:
1. The purpose of the meeting is for:
Intensive problem solving.
2. The people that should be invited to attend the meeting should be:
5 or fewer
Explanation:
As the CEO, it is Benjamin's responsibility to call for this meeting between himself and his trusted executives. Therefore, the number of those attending should be limited to 5 or fewer. The meeting needs to be an intensive one that must iron out a solution for developing a communication strategy for handling the present situation.
The insider trading accusation can seriously damage the firm's reputation and needs to be handled with despatch.
Answer:
False
Explanation:
Liquidity gap is the shortage of funds that a firm experiences due to the difference in the supply and demand of the assets and liabilities and also due to differences in the maturity of the assets and liabilities . When there will be an excess demand for funds, this will create a shortage and hence there will exist a liquidity gap.