Sunday
April 20, 2014

Homework Help: Economics

Posted by Carol on Saturday, July 9, 2011 at 11:15pm.

2. Lucy quits a $50,000 job to open her waffle business. She makes $225,000 in revenue from her first year of waffle sales. She pulls $50,000 out of an account that returns 3% interest per year and invests the entire amount in her business. She also borrows $50,000 at 10% interest rate to invest in her business. After these initial investments, she also spends $10,000 on inputs and $50,000 on worker salaries.
Find total revenue, accounting cost, economic cost, implicit cost, explicit cost, economic profit, accounting profit.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Professor Martin is considering leaving the university and opening a...
college algebra - You apply for a job selling diet marshmallows because an ad ...
Economics - I got a lot of problems with this exercise. I really hope you can ...
Tax consequence - Corporation is a calendar-year taxpayer. All of the stock is ...
Accounting help - I'm trying to make an income statement...for sales revenue out...
economics - Suppose a persona quits a job paying $40,000 per year and starts a ...
Economics - Jim left his previous job as a sales manager and started his own ...
Microeconomics - Am I calculating the Marginal Revenue when you get the quantity...
Fin 324 - Using the following data, compute net sales sales discounts 50,000 ...
economics - Samantha Jones has a job as a pharmacist earning $30,000 per year, ...

Search
Members