subject
Business, 16.12.2019 17:31 electrofy456

Bud opened a flower shop. he rented a building for $9,000 a year. to buy equipment for the store, he withdrew $10,000 from his savings account, which earned an annual interest rate of 3 percent. during the first year of operation, bud paid $4,000 for utilities and $12,000 to his suppliers. the store's total annual revenue was $55,000. the market value of the store's equipment at the end of the year was $8,000. if bud had not started this business, he would have continued to work as an employee at another flower shop for $30,000 a year. what was bud's opportunity cost of running his business?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 00:20
Overspeculation and a decrease in consumer confidence are both leading factors of: ?
Answers: 1
question
Business, 22.06.2019 06:40
Depreciation on the company's equipment for 2017 is computed to be $18,000.the prepaid insurance account had a $6,000 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of the company's insurance policies showed that $1,100 of unexpired insurance coverage remains.the office supplies account had a $700 debit balance on december 31, 2016; and $3,480 of office supplies were purchased during the year. the december 31, 2017, physical count showed $300 of supplies available.two-thirds of the work related to $15,000 of cash received in advance was performed this period.the prepaid insurance account had a $6,800 debit balance at december 31, 2017, before adjusting for the costs of any expired coverage. an analysis of insurance policies showed that $5,800 of coverage had expired.wage expenses of $3,200 have been incurred but are not paid as of december 31, 2017.
Answers: 3
question
Business, 22.06.2019 16:00
Which plan offers a tax-free education?
Answers: 1
question
Business, 22.06.2019 16:30
Corrective action must be taken for a project when (a) actual progress to the planned progress shows the progress is ahead of schedule. (b) the technical specifications have been met. (c) the actual cost of the activities is less than the funds received for the work completed. (d) the actual progress is less than the planned progress.
Answers: 2
You know the right answer?
Bud opened a flower shop. he rented a building for $9,000 a year. to buy equipment for the store, he...
Questions
question
Mathematics, 10.06.2021 15:10
Questions on the website: 13722367