Business, 09.11.2019 06:31, zay65307

Last year, jarod left a job that pays $60,000 to run his own bike-repair shop. jarod's shop charges $65 for a repair, and last year the shop performed 3,000 repairs. jarod's production costs for the year included rent, wages, and equipment. jarod spent $50,000 on rent and $100,000 on wages for his employees. jarod keeps whatever profit the shop earns but does not pay himself an official wage. jarod used $20,000 of his savings to buy a machine for the business. his savings were earning an annual interest rate of 5 percent. instructions: round your answers to the nearest dollar and include a negative sign if appropriate. a. what is jarod's annual accounting profit? b. what is jarod's annual economic profit?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 11:40, ayoismeisalex

In each of the following, what happens to the unemployment rate? does the unemployment rate give an accurate impression of what’s happening in the labor market? a. esther lost her job and begins looking for a new one. b.sam, a steelworker who has been out of work since his mill closed last year, becomes discouraged and gives up looking for work. c.dan, the sole earner in his family of 5, just lost his $90,000 job as a research scientist. immediately, he takes a part-time job at starbucks until he can find another job in his field.

Answers: 2

continue

Business, 22.06.2019 15:40, aroman4511

Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.

Answers: 1

continue

Business, 22.06.2019 20:00, mackle34

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?

Answers: 1

continue

Business, 22.06.2019 21:20, dorianhenderson987

Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.

Answers: 3

continue

Do you know the correct answer?

Last year, jarod left a job that pays $60,000 to run his own bike-repair shop. jarod's shop charges...