subject
Business, 16.04.2020 17:12 megamorph

Jill took $50,000 that she had in savings and started her own business. If left in investments she would have earned $5,000 this year. Jill also left a job that paid her 60,000 a year and plans on paying herself $40,000. Materials and other labor costs will be $70,000. The company is located in a building that Jill owns. She could have rented the building out for $30,000 but plans on charging the company only the insurance and mortgage payment of $20,000. What do the accounting and economic costs?equal?

A. Accounting costs? = ?160,000?; Economic costs? = $240,000
B. Accounting costs? = ?$130,000?; Economic costs? = ?$130,000
C. Accounting costs? = ?$60,000?; Economic costs? = ?$90,000
D. Accounting costs? = ?$130,000?; Economic costs? = ?$165,000
E. Accounting costs? = ?$110,000?; Economic costs? = ?$200,000

Assume that the supply of land is perfectly inelastic as shown in the diagram below. The demand for land has shifted from D1 to D2. What is the total value for economic rent after the change in? demand?

A. P2
B. P2 × Q*.
C. P1 × Q*.
D. P2 ? P1

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:30
Which of the following correctly describes the accounting for indirect labor costs? indirect labor costs are product costs and are expensed as incurred. indirect labor costs are period costs and are expensed when the manufactured product is sold. indirect labor costs are period costs and are expensed as incurred. indirect labor costs are product costs and are expensed when the manufactured product is sold.
Answers: 3
question
Business, 22.06.2019 04:10
Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.
Answers: 2
question
Business, 22.06.2019 06:30
Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication
Answers: 2
question
Business, 22.06.2019 09:20
Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.
Answers: 2
You know the right answer?
Jill took $50,000 that she had in savings and started her own business. If left in investments she w...
Questions
question
Mathematics, 07.06.2021 04:40
question
Mathematics, 07.06.2021 05:00
Questions on the website: 13722367