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quester [9]
3 years ago
7

Robert a highly successful manager, quit his job in a large retail store so that he could start his own

Business
1 answer:
olga2289 [7]3 years ago
7 0

Answer:

Robert a highly successful manager, quit his job in a large retail store so that he could start his own

practice. He has been in his own business for a little over one year. He has a building and pays

$40,000 mortgage payments

He took out $200.000 which he had in a Time Deposit (CD) that was making 8% a year and put it in

his checking account that is making 0% Interest, He will use that money for the explicit cost

expenses he has for his new business which you will see in this problem

He must pay $7.000 a year in property taxes. He hired a contract software developer to write an

Inventory software system for $160,000 for the year. His revenues in the first year were $350.000.

Thomas earned $200.000 he was with that large retail form. He also got 560.000 a year in profit

sharing each year. His advertising for his first year came to $40,000. His electricity and gas usage

came to $20,000 for the year.

1. List the explicit costs and then list the implicit costs. Be sure to properly LABEL them so that

can give partial credit if you make a mistake.

2. For the year, his accounting profit for loss) is -

and his economic profit for loss) is

3. Did he make an economic profit an economic loss or did he break even? What does his economic

profit breakeven, or economic loss result mean?

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Explanation:

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Assume you are a brand manager of a clothing brand that offers formal clothing for gents in mid-tier market segment. The brand i
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There is no nation involved in global trade that still maintains a fixed value of their currency relative to a key currency or g
kirza4 [7]

Answer:

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Identify the three components of retained earnings.
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5 0
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Why is interest typically paid on a loan? A. to compensate the borrower for borrowing from a specific lender B. to ensure that p
Svet_ta [14]

Answer:

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Explanation:

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