Jeramiah Bradley

Business

6 June, 01:01

Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one day, after deciding to be his own boss, he quits his job and uses his financial assets to establish a consulting business, which he runs out of his home. to run the business, he outlays $8,000 in cash to cover all the costs involved with running the business, and earns revenues of $150,000. what costs would be considered when calculating economic profit?

+1

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Suppose winston's annual salary as an accountant is $60,000, and his financial assets generate $4,000 per year in interest. one day, after ...” 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

A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to households for $50 each. The remaining tires are unsold and are added to the tire manufacturerâ€™s inventory.

What is it called when a company had many shareholders and each one only gets a small amount of profit?

1. What is a limited liability company?

Selected financial information for Thornton Company for 2019 follows: Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise inventory Beginning of year 159,000 End of year 200,000 Required Assuming that the merchandise inventory buildup was

Which best describes the charting method of note-taking? It requires more writing than other note-taking methods. It shows the most relevant information in a clear way. It does not show connections between facts and details.

New Questions in Business

Explain briefly why professional certification and membership in professional organizations are important.

Suppose that Omar's marginal utility for each additional cup of coffee is 5.5 utils per cup no matter how many cups he drinks.

A worker gets a raise of $120 per month and quickly decides to spend $90 of the money on necessities and the occasional luxury, while putting the remaining $30 into retirement savings.

Is mobile suit gundam the origin a retelling?

Waterway Industries can produce 100 units of a component part with the following costs: Direct Materials $15800 Direct Labor 6900 Variable Overhead 16800 Fixed Overhead 12000 If Waterway Industries can purchase the component part externally for