Business, 07.05.2020 07:06 lollipop83
Suppose that you open your own business and earn an accounting profit of $35,000 per year. When you started your business, you left a job that paid you a $30,000 salary annually. Also, suppose that you invested $70,000 of your own funds to start up your business.
If the normal rate of return on capital is 10 percent, your economic profit is
A. minus$5,000.
B. minus$2,000.
C. $5,000.
D. $2,000.
Answers: 1
Business, 21.06.2019 20:30
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Business, 21.06.2019 23:30
Which term refers to the cost that motivates an economic decision
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On april 1, santa fe, inc. paid griffith publishing company $2,448 for 36-month subscriptions to several different magazines. santa fe debited the prepayment to a prepaid subscriptions account, and the subscriptions started immediately. what amount should appear in the prepaid subscription account for santa fe, inc. after adjustments on december 31 of the first year assuming the company is using a calendar-year reporting period and no previous adjustment has been made?
Answers: 1
Suppose that you open your own business and earn an accounting profit of $35,000 per year. When you...
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