Business, 28.10.2019 22:31, samueltaye

Harvey quit his job at state university where he earned $45,000 a year. he figures his entrepreneurial talent or foregone entrepreneurial income to be $5,000 a year. to start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, extreme gaming. in the first year, the firm sold 11,000 units of software at $75 for each unit. of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building.
refer to the above information. the implicit costs of harvey's firm in the first year were:
a. $50,000.
b. $60,000.
c. $100,000.
d. $150,000.

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 12:30, nardosem9

Savvy sightseeing had beginning equity of $90,000; revenues of $144,000, expenses of $83,000, and dividends to stockholders of $10,800. there were no stockholder investments during the year. calculate ending equity.

Answers: 3

continue

Business, 22.06.2019 16:40, yoooo9313

An electronics store is running a promotion where for every video game purchased, the customer receives a coupon upon checkout to purchase a second game at a 50% discount. the coupons expire in one year. the store normally recognized a gross profit margin of 40% of the selling price on video games. how would the store account for a purchase using the discount coupon?

Answers: 3

continue

Business, 22.06.2019 21:50, nakarelinp0p303

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.

Answers: 1

continue

Business, 23.06.2019 01:50, katelynbychurch

Consider a firm with a contract to sell an asset for $149,000 four years from now. the asset costs $85,000 to produce today. a. given a relevant discount rate of 14 percent per year, calculate the profit the firm will make on this asset. (a loss should be indicated by a minus sign. do not round intermediate calculations and round your answer to 2 decimal places, e. g., 32.16.) b. at what rate does the firm just break even?

Answers: 3

continue

Do you know the correct answer?

Harvey quit his job at state university where he earned $45,000 a year. he figures his entrepreneuri...