An annual income statement for Quest Realty, Inc. is shown below:
Revenues:
Revenue fr...
Business, 04.07.2020 04:01, conniehodson
An annual income statement for Quest Realty, Inc. is shown below:
Revenues:
Revenue from sales of goods and services $80,000,000
Operating costs and expenses:
Cost of products and services sold $30,000,000
Selling expenses $3,000,000
Administrative expense $4,000,000
Total operating costs and expenses $37,000,000
Income from operations $43,000,000
Interest expense (corporate bonds & loans) $300,000
Non-recurring expense (Legal expenses/fines in settling a federal antitrust suit) $200,000
Income taxes $700,000
Net income $41,800,000
During this year of operation, Quest Realty owned and occupied an office building in downtown Indianapolis. For this year, the building could have been leased to other businesses for $2,000,000 in lease income. Quest Realty also owned undeveloped land valued at $15,000,000. Owners of Quest Realty can earn a 14% rate of return annually on funds invested elsewhere. Total explicit costs of for Quest Realty for this year are
a. $23,000,000
b. $37,000,000
c. $38,200,000
d. $41,100,000
e. none of the above
Total implicit costs of using owner-supplied resources for Quest Realty for this year are:
a. $4,100,000
b. $19,000,000
c. $38,200,000
d. $41,000,000
e. none of the above
Total economic cost is:
a. $17,000,000
b. $38,200,000
c. $41,000,000
d. $42,300,000
Quest's accounting profit is:
a. $4,100,000
b. $9,360,000
c. $38,200,000
d. $42,300,000
e. none of the above
Answers: 2
Business, 21.06.2019 19:20, williampagan9532
Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate
Answers: 2
Business, 22.06.2019 02:30, kseniyayakimno
Luc do purchased stocks for $6,000. he paid $4,000 in cash and borrowed $2,000 from the brokerage firm. he bought 100 shares at $60.00 per share ($6,000 total). the loan has an annual interest rate of 8 percent. six months later, luc do sold the stock for $65 per share. he paid a commission of $120 and repaid the loan. his net profit was how much? pls
Answers: 3
Business, 22.06.2019 10:00, lm942747
What is the difference between an "i" statement and a "you" statement? a. the "i" statement is non-confrontational b. the "you" statement is non-confrontational c. the "i" statement is argumentative d. the "you" statement is neutral in tone select the best answer from the choices provided
Answers: 1
Mathematics, 24.06.2019 16:30
Biology, 24.06.2019 16:30
History, 24.06.2019 16:30
Mathematics, 24.06.2019 16:30
History, 24.06.2019 16:30