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Dafna11 [192]
3 years ago
12

Golda Rush quit her job as a manager for Home Depot to start her own hair dressing salon, Goldilocks. She gave up a salary of $4

0,000 per year, invested her savings of $30,000 (which was earning 5 percent interest) and borrowed $10,000 from a close friend, agreeing to pay 5 percent interest per year. In her first year, Golda spent $18,000 to rent a salon, hired a part-time assistant for $12,000 and incurred another $15,000 in expenses on equipment and hairdressing material. Based on this information, what is the amount of her explicit costs for the first year
Business
1 answer:
natta225 [31]3 years ago
3 0

Answer:

$45,500 is the correct answer.

Explanation:

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What callenges does a sole proprietor face?
DerKrebs [107]
 sole proprietor<span> and his business are a singular entity; his name is the business' legal name. He controls all aspects, assuming all the rewards, but also all the risks. It is an entity with obvious advantages, like creative freedom and making your own schedule, but it also has its </span>challenges<span>.</span>
3 0
4 years ago
Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 20,000 shares of 5%, $10 par non-cum
iragen [17]

Answer:

b) $10.000

Explanation:

In order to find the total preferred stock dividend we need to have the rate of the dividend, the par value of the preferred stock and the number of preferred stocks. In this question we are given the rate of the dividend of preferred stock which is 5%, we are also given the par value of the preferred stock which is $10 and we are also given the total number of preferred stock which is 20,000.

To find out how much dividend was distributed to preferred shareholders we need to use the formula

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0.05*10*20,000= 10,000

6 0
3 years ago
When firm A produces 100 units of a good, the cost per unit is $7. When it produces 200 units of the good, the cost per unit is
jolli1 [7]

Answer:

economies of scale

Explanation:

Economies of scale happen when the average total cost of producing additional units of output decreases as total output increases. The reason why this happens is that even if variable costs per unit remain the same, average fixed costs per unit decrease as total output increases.

4 0
3 years ago
Randy earns $250 per week plus 4 ½ percent commission on the dollar amount of all of his sales. to the nearest dollar, what must
puteri [66]
Step 1) Make the equation describing the situation:
            y = 0.045 x + 250
Where x is the sales and y is his total earning.
if,
y = 500 (total earning)
then,
500 = 0.045 x + 250
500 - 250 = 0.045 x
250 = 0.045 x
x = 250/0.045
x =   $5,555.55
The total value of his sales should be $5,555 to earn a total of $500.
8 0
4 years ago
When a locality is required by federal law to do something, regardless of whether it receives federal funding for that purpose,
Nataliya [291]

Answer:

B) mandate

Explanation:

A mandate refers to the legal obligation or order to do something. For example, a court can issue a mandate to close an appeal, or like in this case, a federal law can require a local government to perform some tasks even if the federal doesn't pay for it.

An example of a federal mandate that doesn't include financing is the Americans with Disabilities Act that requires certain specific changes to local infrastructure.

5 0
3 years ago
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