On september 1 of the current year, zimmerman collected six months' rent of $8,220 on storage space. at that date, zimmerman debited cash and credited unearned rent revenue for $8,220. on october 1 of the current year, the company borrowed $15,600 from a local bank and signed a one-year, 14 percent note for that amount. the principal and interest are payable on the maturity date. depreciation of $1,700 must be recognized on a service truck purchased in july of the current year at a cost of $15,000. cash of $5,700 was collected on november of the current year, for services to be rendered evenly over the next year beginning on november 1 of the current year. unearned service revenue was credited when the cash was received.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.