Business

22 January, 03:20

A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and salaries, $15,000 for utilities, $150,000 for materials and supplies, and $5000 for gasoline. She uses her own car in her work, for which she paid $16,000 two years earlier. She could rent the car for $5,000 a year. Explicit costs are

a. $195,000

b. $275,000

c. $270,000

d. $286,000

+5

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and salaries, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Mofro's Computer Repair Shop started the year with total assets of $300,000 and total liabilities of $200,000. During the year, the business recorded $500,000 in computer repair revenues, $300,000 in expenses, and Mofro paid dividends of $50,000.

Suppose the amounts presented here are basic financial information (in millions) from the 2022 annual reports of Nike and Adidas. Nike Adidas Sales revenue $18,590.4 $9,784.8 Allowance for doubtful accounts, beginning 77.0 129.

The partnership of X and Y shares profits and losses in the ratio of 60 percent to X and 40 percent to Y. For the year 20X8, partnership net income was double X's withdrawals.

A pay policy line Question 36 options: can be generated using a statistical method called regression analysis. can seldom provide information on the market pay level for a given job evaluation.

1. The first digit in the account number 520 means that the account is in the (A) expense division of the general ledger. (B) revenue division of the general ledger. (C) liability division of the general ledger.

New Questions in Business

About three hours after he falls asleep, Bobby often sits up in bed screaming incoherently. Hismother tries to awaken him, but with no success. The next morning, he remembers nothing. Itappears that Bobby suffers from A. night terrors. B. narcolepsy.

If marginal product is 4 units and average product is 8 units, the next worker will cause (A) marginal product to increase. (B) average product to increase by 4 units. (C) marginal product to become negative.

A Subchapter S or S Corporation is: a. a special class of close corporation under the MBCA. b. an IRS tax treatment option for corporations owned by a limited number of shareholders. c. a not-for-profit corporation. d. none of the above

Luana loves shopping for clothes, but considering the state of the economy, she has decided to start saving. At the end of each year, she will deposit $570 in her local bank, which pays her 6% annual interest.

Suppose you like to make, from scratch, pies filled with banana cream and vanilla pudding. You notice that the price of bananas has increased. As a result, your demand for vanilla pudding would a. decrease. b. increase. c. be unaffected. d.