Jamie is considering leaving her current job, which pays $75,000 per year, to start a new company that develops applications for smartphones. based on market research, she can sell about 50,000 units during the first year at a price of $4 per unit. with annual overhead costs and operating expenses amounting to $145,000, jamie expects a profit margin of 20 percent. this margin is 5 percent larger than that of her largest competitor, apps, inc. a. if jamie decides to embark on her new venture, what will her accounting costs be during the first year of operation? her implicit costs? her opportunity costs? accounting costs: $ 55000 implicit costs: $ opportunity costs: $ b. suppose that jamie's estimated selling price is lower than originally projected during the first year. how much revenue would she need in order to earn positive accounting profits? positive economic profits? revenue needed to earn positive accounting profits: $ revenue needed to earn positive economic profits: $

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1

1. is the act of declaring a drivers license void and terminated when it is determined that the license was issued through error or fraud.

Why are there so many types of diversion programs for juveniles