Jerome's current job pays $X/yr and provides $Y in benefits like insurance. He can start a business using the $Z he has in the bank earning 1.4% interest. The start-up would have $A in revenue and cost $B/yr for rent, payroll, and materials. What would Jerome's economic profit be if he started this business? A-B-[(X + Y)+(Zx 1.4%) (X+)+(Zx 1.4%) A-B A-B (X + Y)
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- David runs his own business. He received an offer from a company for $50,000 per year. If he sells his business, he can get an amount of $100,000. Assume the annual interest rate is 5%. David is confused to run his own business or join the company. David annual revenue from his business is enough to cover all explicit costs and has $60,000 left over. There are no additional implicit costs. Calculate David’s accounting and economic profit.Answer d, e, & f only.How would I find D and E? (Not graded, read file name)
- Utilities Some rental units have certain expenses included with the rent. Water, electricity, and heating are often referred to as utilities. Some tenancy agreements require the tenant to pay for utilities. 7. a) Bianca and Sarah rent a semi-detached house. They pay for utilities as well as rent. Complete the chart to determine their estimated annual cost for utilities. Average Billing Frequency Estimated Amount Billed Annual Cost Item Natural gas Monthly $118 Electricity Bi-monthly $140 Water Quarterly $120 Estimated Total Annual Cost b) A news report claimed that utility costs would rise by an average of 10% next year. Estimate how much Bianca and Sarah can expect to pay for utilities next year. 0Show clear and detailed solutionsNo plagiarism , solve with details explanation , Otherwise I will give you upvote
- Give examples of pre-start up expensesWhat cultural aspects (language, religion, customs) a company must have in the area of technologyCarson used $800 000 of their savings to open a coffee shop. The savings account paid 2% interest. In the first year, Carson sold 20 000 coffees at a price of $2 each, and incurred costs of $18 000 which involved outlays of money. What was Carson's economic profit in the first year? Type your numeric answer and submit
- Please see the attached photo. Also, please provide explanationyou have been working as a manager of a fashion store. You saved 50,000 and you decided to use the money to start your own business, You decided to use the money you saved to buy materials, you als decided to utilize a store you own to home your business. The store you used for your business could have been rented for 8,000 a year. You hired a clerk to help you in the store that will cost you 20,000 per year. The interest you could have earned on the 50,000 you used to buy the materials was 3,000 per year. Futhermore, you decided to manage your own business and you decided to quit your job that was paying 28,000 per year . You paid 8,000 for utility. What is yor explicit cost? Assume that your total sale for the year was 160,000. What is your implicit cost, what is the accounting profit? what is your economic profit?It is the amount of money paid for the use of borrowed capital. Future Worth Interest Principal Initial Cost