Samantha has been working for a law firm and earning an annual salary of $90,000. she decides to open her own practice. 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. samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $1,000. assuming that there are no additional expenses, samantha's annual explicit costs will equal
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Samantha has been working for a law firm and earning an annual salary of $90,000. she decides to open her own practice. her annual expenses ...” 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
Wooderson Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Wooderson Company uses the periodic inventory system.
Answers (1)
Which one of the following assets is generally NOT referred to as listed property? A. digital camerasB. filing cabinetC. automobilesD. airplane
Answers (1)
What is the 9th root of 3489
Answers (1)
What three types of information are usually included in the introudiction of a periodic table
Answers (1)
Which of the following statements is likely to be made by an economist who does not believe in activist monetary policy? 1. The more closely monetary policy can he designed to meet the particulars of a given economic environment, the better. 2.
Answers (1)
New Questions in Business
What are the order of in which management can take legal action against a employee
Answers (1)
What best describes an entrepreneur? a. Someone who initiates and assumes the financial risk of a new business enterprise. b. A person who knows how to evaluate which stocks to purchase. c. Someone who can expertly manage other people's investments.
Answers (1)
JRN Enterprises just announced that it plans to cut its dividend from $3.50 to $2.50 per share and use the extra funds to expand its operations.
Answers (1)
Sykora, Inc., which uses a predetermined overhead rate based on direct labor hours, estimated total overhead for the year to be $12,000,000 and total direct labor hours to be 320,000 hours. Calculate Sykora's predetermined overhead rate.
Answers (1)
Appalachian mountain goods has paid increasing dividends of $.10, $.12, $.15, and $.20 a share over the past four years, respectively.
Answers (1)