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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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Answer:

D: increase investment projects by firms

Explanation:

When interest rates are lowered, it is a green signal for small and medium size enterprises to borrow money for their investment projects.

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3 years ago
The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. a. inve
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Answer:

The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.

Explanation:

Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.

<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.

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3 years ago
True or False: A tax cut that will last for only one year will have a greater impact on aggregate demand than a tax cut that is
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A tax cut that will last for only a year will not have a huge effect on the aggregate demand as the aggregate demand increases only when the tax cut is permanent.

The given statement is false.

<h3>What is a tax?</h3>

A tax is a liability imposed on the taxpayer to pay a specified sum to the government based on the income they have earned in the previous year.

When the cutting of taxes becomes permanent in the country, then the citizens can start to acquire more which will increase the spending. The families will expect that the tax cuts are for the longer term which now induces them to buy and spend more and also act as an addition to their incomes. This whole impact would eventually lead to rising in aggregate demand.

Therefore, the demand increases when the tax cuts are permanent rather than when tax cuts are for only one year.

Learn more about the tax cut policies in the related link:

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The operation and maintenance of a company warehouse is an example of which component of the business process?
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If an employee is the alleged perpetrator, is the mandated reporter employee required to file the suspected child abuse report a
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Yes,  the mandated reporter employee is required to file the suspected child abuse report and immediately inform their supervising administrator of the alleged inappropriate conduct. This is further explained below.

<h3>What is inappropriate conduct?</h3>

Generally, Insulting, threatening, demeaning, malevolent, degrading, or offensive language, behavior, or gestures against a person or group is Inappropriate Conduct.

In conclusion, there is an obligation on the part of the mandated reporter to disclose any suspicions of child abuse and to notify their immediate supervisor of the situation.

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