You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue ofâ $90,000. Your costs forâ equipment, rent, and supplies wereâ $60,000. To start this business you invested an amount of your own capital that could pay you a return ofâ $40,000 a year. Your economic profit last year was:
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Business, 22.06.2019 22:40
Utilization will always be lower than efficiency because: a. effective capacity is greater than design capacityb. expected output is less than actual output.c. effective capacity equals design capacity.d. effective capacity is less than design capacity.e. expected output is less than rated capacity.
Answers: 3
Business, 23.06.2019 00:00
Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.
Answers: 1
You are the owner and only employee of a company that writes computer software that is used by gambl...
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