4 Last year Alice worked as a consultant. She hired anadministrative assistant for $17,000 per year and rentedoffice space (utilities included) for $2,600 per month. Hertotal revenue for the year was $105,000. If Alice hadn'tworked as a consultant, she would have worked at a realestate firm earning $40,000 a year. Last year, Alice's---_ and her economic profitA. $88,000; $65,000 B. $73,800; -$40,000accounting profit waswasC. $85,400; $62,400 D. $56,800; $16,80

Solution:- Accounting Profit means the profit earned in monetary terms, while on the other hand,…

Answered: 4 Last year Alice worked as a…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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O SYSTEMS OF EQUATIONS AND MATRICES Solving a tax rate or interest rate problem using a system of... Last year, Charlie had $30,000 to invest. He invested some of it in an account that paid 10% simple interest per year, and he invested the rest in an account that paid 8% simple interest per year. After one year, he received a total of $2640 in interest. How much did he invest in each account? First account: 2$ Second account: $ Explanation Check Terms of Use | Privacy Accessibility 2020 McGraw-Hill Education. All Rights Reserved. MacBook Pro
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6. After graduation, you and a few business partners begin a small business. The first year, earn a profit of $10,000. Your profit increases by 12% each year. As a team, you and your business partners have decided to invest all of your profits into an account that you will use to fund a business expansion. Money in the account earns 6% compound annual interest. Use this information to answer the following questions. a. How much would be available in the account at the end of 10 years to fund business expansion? (please explain how to solve this in steps using formulas and showing how :)

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