Michael works in communications. On December 31, 2017, he bought an existing business with servers and a building worth $300,000. During 2018, he bought new servers for $500,000. The market value of his older servers fell by $200,000. What was Michael's gross investment during 2018?

Q: If a firm earns $375 billion in profits for the year and they retain $218 billion, what is the…

A: As given Profit = $375 billion Retain amount = $218 billion

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A: Loan refers to the sum of money that a person or firm takes from a bank or from any lender for…

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A: An organizational chart defines the internal position of the employees/people in an organization. It…

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Q: If sales are $88 million and change in stock is $20 million Find value of output

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A: Functional approach: The functional approach is a type of organizational structure that involve…

Q: The value of closing stock is $50 million and the value of opening stock is $25 million Find the…

A: Given: Closing stock=$ 50 million Opening stock=$25 million To find: Change in stock

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A: 18) The actions and procedures used by organizations to produce their goods and services are known…

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Q: value of closing stock is $50 million and the value of opening stock is $25 million Find the value…

A: Given Information Value of closing stock = $50 millionValue of opening stock = $25 Million

Q: Suppose you decide to start your own business when you graduate with a degree in economics. At the…

A: Accounting profit=Total Revenue -explicit costEconomic profit=Total revenue - Implicit cost Implicit…

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Q: Alyssa runs a "Dessert of the month" delivery service. To operate her business each year, she spends…

A: Explicit cost = 30,000+50,000+5000 = 85,000  Implicit cost = 50,000+15,000+2000 = 67,000

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Q: Consider a new business that invests $20 million into a plant to manufacture loaves of bread. The…

A:

Q: Calculate opening stock if closing stock is $4500 and change in stock is $3000

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A:

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A:

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