subject
Mathematics, 13.07.2019 10:30 memeE15

Gomez runs a small pottery firm. he hires one at $15,000 per year, pays annual rent of $6,500 for his shop, and spends $23,000 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 $6,000 per year if alternatively invested. he has been offered $20,500 per year to work as a potter for a competitor. he estimates his entrepreneurial talents are worth $5,000 per year (input cost for organizing resources). total annual revenue from pottery sales is $82,000. calculate the accounting profit and the economic profit for gomez's pottery firm.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:50
Arectangle has a width of 9 units and length of 40 units. what is the length of a diognal. a. 31 unitsb. 39 unitsc. 41 units d. 49 units
Answers: 1
question
Mathematics, 21.06.2019 17:30
How do you find principle and simple interest
Answers: 1
question
Mathematics, 21.06.2019 18:30
What is another way to express 36 +32
Answers: 1
question
Mathematics, 21.06.2019 20:40
Reduce fractions expressing probability to lowest terms. in 3,000 repetitions of an experiment, a random event occurred in 500 cases. the expected probability of this event is?
Answers: 3
You know the right answer?
Gomez runs a small pottery firm. he hires one at $15,000 per year, pays annual rent of $6,500 for h...
Questions
question
History, 17.06.2020 03:57
question
Mathematics, 17.06.2020 03:57
Questions on the website: 13722367