Business, 22.05.2020 19:58 violetagamez2

Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.

Ellie's annual implicit costs will equal

a. $55,200.
b. $75,200.
c. $80,500.
d. $165,700.

Ellie's annual accounting costs will equal

a. $55,200.
b. $75,200.
c. $80,500.
d. $165,700.

Ellie's annual economic costs will equal

a. $55,200.
b. $75,200.
c. $80,500.
d. $135,700.

According to Ellie’s accountant, which of the following revenue totals will yield her business $50,000 in profits?

a. $55,200
b. $105,200
c. $132,500
d. $185,700

According to an economist, which of the following revenue totals will yield Ellie’s business $50,000 in economic profits?

a. $55,200
b. $100,200
c. $132,500
d. $185,700

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:50

Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.

Answers: 2

Answer

Business, 22.06.2019 17:30

After the embarrassing sign incident at the restaurant you own, you decide to offer employees a six-week fundamental writing skills workshop. a local business communication instructor, who has experience teaching writing skills at treleaven community college, will facilitate the sessions. to encourage employees to attend these optional sessions, write an email that explains why you’re offering the workshop and why employees should participate.

Answers: 2

Answer

Business, 22.06.2019 18:10

Find the zeros of the polynomial 5 x square + 12 x + 7 by factorization method and verify the relation between zeros and coefficient of the polynomials

Answers: 1

Answer

Business, 22.06.2019 20:00

Beranek corp has $720,000 of assets, and it uses no debt--it is financed only with common equity. the new cfo wants to employ enough debt to raise the debt/assets ratio to 40%, using the proceeds from borrowing to buy back common stock at its book value. how much must the firm borrow to achieve the target debt ratio? a. $273,600b. $288,000c. $302,400d. $317,520e. $333,396

Answers: 3

Answer

You know the right answer?

Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides...

Questions