subject
History, 20.02.2020 03:36 triddi666

Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000 for his shop, and spends
$24,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could
earn him $7,000 per year if alternatively invested. He has been offered $20,000 per year to work as a potter for a competitor. He
estimates his entrepreneurial talents are worth $4.000 per year. Total annual revenue from pottery sales is $85,000.

a. Calculate the accounting profit for Gomez's pottery firm?
b. Now calculate Gomez's economic profit?

ansver
Answers: 2

Another question on History

question
History, 21.06.2019 21:00
What is the most necessary information that happened in the titanic movie
Answers: 1
question
History, 21.06.2019 23:00
10. what kind of person makes a good entrepreneur? list at least two personality traits of a successful entrepreneur.
Answers: 1
question
History, 22.06.2019 01:30
Which of these was not a part of the english bill of rights? people could bear arms. monarchs could create taxes. monarchs could not suspend laws. free speech was ok in parliament.
Answers: 1
question
History, 22.06.2019 02:30
Which of the following best describes the outcome of the bay of pigs invasion? -it ended in a draw despite strong air support from the united states. -it was a partial success that to resolve the cuban missile crisis. -it was a success and created hostility between cuba and the soviet union. -it was a failure that was an embarrassment for the kennedy administration.
Answers: 1
You know the right answer?
Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000...
Questions
question
English, 26.08.2019 05:30
Questions on the website: 13722363