Mr. Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008? A) $70,000 B) $110,000 C)$280,000 D) $490,000
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Mr. Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008?
A) $70,000
B) $110,000
C)$280,000
D) $490,000
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- Joe is self-employed in a store that has a rental value of $500 a month which he pays, but he can vacate the building without giving notice. His other expenses are $100 a month for maintenance. He makes $25,000 a year on net sales (total revenue minus the wholesale cost of the product). If he quit his job and worked the same number of hours elsewhere at a job he liked equally well, he estimates that he could make $20,000 a year. No one else can be hired to work in the store. Joe should A B C D quit his job. keep the job. work part-time. It is impossible to say with the information given in the problemYou work for a bank that has just made two loans. In one, you lent $900 today in return for $1200 in one year. In the other, you lent $900 today in return for $10000 in 20 years. The difference between the loan amount and repayment amount is based on an interest rate of 8% per year. Imagine that immediately after you make the loans, news about economic growth is announced that increases inflation expectations, so that the market interest rate for loans like these jumps to 10%. Loans make up a major part of a bank’s assets, so you are naturally concerned about the value of these loans. What is the effect of the interest rate change on the value to the bank of the promised repayment of these loans?Tanim quits his engineering job, where he was earning a salary of $70,000 per year, to start his own computer software business. He owns a building and was renting out for $20,000 per year. Tanim hires a new building for his company and pays a non-refundable advance fee of $10,000 today. Later on, after a few days, he decides to go back to his own building and for that he cancels his contract with his tenant. Find the sunk cost associated with Tanim's computer software business. There is no sunk cost It is $20,000 It is $10,000 It is $30,000 Which one is correct?
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