Until recently rosemarie worked as an accountant, earning $30,000 annually. then she inherited a piece of commercial real estate that had been renting for $12,000 annually. rosemarie decided to leave her job and operate a peruvian restaurant in the space she inherited. at the end of the first year, her books showed total revenues of $260,000 and total cost of $230,000 for food, utilities, cooks, and other supplies. her economic profit at the end of one year is.
a. $230,000
b. 30,000
c.$0
d. $-12,000
Answers: 1
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Which of the following would be an accurate statement about achieving a balanced budget
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Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.
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The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?
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Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
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