Joe quits his computer programming job, where he was earning a salary of $50,000year, to start his own computer software business in a building that he owns and was previously renting out for $24,000/year. in his first year of business he has the following expenses: salary to himself, $40,000; rent, $0; other expenses, $25,000.

find the accounting cost and economic cost associated with joe's computer software business.

Accounting costs are simply the costs which are directly related to the business and can be easily quantified

In this case the accounting expenses to the business are 40,000 salary and 25000 other expenses.

On the other hand economic expenses include all accounting expenses plus opportunity costs of doing the business or the revenue forgone because of doing the business so in this case economic costs include 24000 a year rent that he was getting on the building and the 10,000 (50,000-40,000) salary that he was making.

Explanation:

answersupplies;

match the scenarios with terms related to financial aid.

pell grant

student loan

merit-based scholarship

richard is one of the leading college basketball players in the state of florida. he also maintains a good academic record. looking at his talent and potential, furman university offers to bear the expenses for his college education.

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anita wants to pursue a certificate program in sports nutrition. to pay for the course, she borrows money by filing the fafsa.

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nathan comes from a low-income household. he wants to pursue an undergraduate degree in marketing. he receives financial aid covering 50 percent of his college expenses. nathan does not have to pay back this amount.

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