Depending on when you get paid.
If you get paid every week then weekly.
Most of the time I would say to make a budget weekly just because it is easier to keep track of.
so (C)
Answer:
$100,000
Explanation:
According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''
Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.
Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation
. In the scenario we have no depreciation figures, hence the basis is the cost of $100,000
Answer:
The correct answer is the option A: the marginal revenue curve and the demand curve are the same.
Explanation:
To begin with, the concept of<em> ''perfectly competitive market''</em> refers to the market where there are a lot of firms and their products are exactly the same with no differentation, therefore that they can not establish an influence in the price. In addition to that, in this type of market the equilibrium is in the point where the marginal revenue equals the marginal cost and in this case where there is no influence from the firms then the price of the product will be established by the demand itself and therefore that also the marginal revenue of the firm as well.
Answer:
$130,000
Explanation:
In this question, we are going to calculate Andrew’s economic profit.
To do this, we first identify the mathematical formula that could help us arrive at the answer.
Mathematically, economic profit = Total revenues-(explicit cost + implicit cost)
Explicit cost are referred to as direct payment made by the business. Here, the explicit cost include ,cost of labor and start up costs. The value is thus 30,000 + 60,000 = $90,000
The implicit cost here is the opportunity cost, which is the amount she would have earned at her previous job. Another implicit cost here is the $10,000 he is supposed to pay for rent but does not since he owns the building
The Economic profit is thus = 300,000 -90,000-10,000-70,000 = $130,000
