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leonid [27]
2 years ago
11

Andreas is a political consultant with his own firm. He travels the country and provides campaign advice for political candidate

s. Last year, he earned $250,000 in revenue for his services. He pays one employee $50,000 to manage the small office back home and pays $30,000 on rent and utilities for that office. His accountant tells him that if he sold all of the equipment, he could put that money in the bank and earn $3,000 in interest next year. Andreas also has received an offer to teach political science at a college at a salary of $100,000. Andreas's accounting profit is equal to _____, and his economic profit is equal to _____.
Business
1 answer:
Murrr4er [49]2 years ago
7 0
3000-1=2999 so I farted it tickled my putty cheeks jiggled
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nirvana33 [79]

Answer:

A. A credit to Child Care Fees Earned of $4,500.

Explanation:

The journal entry to record this given transaction is shown below:

Cash A/c Dr $4,500

       To Child Care Fees Earned A/c $4,500

(Being the fees earned is recorded)

Since the payment is received that means cash balance is increased so we debited the cash account and credited the child care fees earned account.

The monthly fee is $9,000 but we have to compute for 15 days, so it would be

= $9,000 ÷ 2

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7 0
3 years ago
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Mamont248 [21]

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3 years ago
Within his role as a financial accountant, Roger uses the capital asset pricing model and other mathematical tools to help clien
Agata [3.3K]

Answer:

A. Quantitative perspective

Explanation:

Roger using the capital asset pricing model and other mathematical tools to track finances is focused on quantitative perspective.

He is relying more in the figures to assist his clients.

Quantitative methods are characterised by use of statistics, mathematics, analysis and formation of logical models. Decisions are made on the final result.

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elixir [45]

Answer:

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8 0
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Arte-miy333 [17]

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Short term loan can be regarded as loan that can be obtained to give support to ones personal as well as business capital. It is designed for the needs of small business capital with less interest compare to long term loan. The period of payment is usually within a year. It is of low risk and good profit.

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