Tricia is a computer programmer who earned $30,000 in 2019. But on January 1, 2020 Triciaopened a landscaping business.At the end of the first year of operation, she submitted the information on the right to heraccountant.The accountant recorded the depreciation on Tricia's cottage during 2020 as $9,000.According to the accountant, what profit did Tricia make?According to the accountant, Tricia's profit isO A. $111,500B. $26,000C. $60,900D. $35,000Question FactsTricia stopped renting out her cottage for $4,500 ayear and used it as her business premises.2.The market value of the cottage increased from$94,000 to $104,000.She spent $10,000 on materials, phone, utilities, etc.She leased machines for $1,000 a year.1.3.4.5.6.She paid $7,500 in wages.She used $5,000 from her savings account, whichearns 2 percent a year interest.7. She borrowed $10,000 at 10 percent a year from thebank.She sold $140,000 worth of landscaping.Normal profit is $35,000 a year.8.9.

Total revenue is the product of price and quantity. Monetary expenses are the explicit cost.…

Tricia is a computer programmer who earned $30,000 in 2019. But on January 1, 2020 Tricia opened a landscaping business. At the end of the first year of operation, she submitted the information on the right to her accountant. The accountant recorded the depreciation on Tricia's cottage during 2020 as $9,000. According to the accountant, what profit did Tricia make? According to the accountant, Tricia's profit is OA. $111,500 OB. $26,000 OC. $60,900 O D. $35,000 Question Facts 1. Tricia stopped renting out her cottage for $4,500 a year and used it as her business premises. The market value of the cottage increased from $94,000 to $104,000. She spent $10,000 on materials, phone, utilities, etc. She leased machines for $1,000 a year. 2. 3. 4. 5. She paid $7,500 in wages. 6. She used $5,000 from her savings account, which earns 2 percent a year interest. 7. She borrowed $10,000 at 10 percent a year from the bank. She sold $140,000 worth of landscaping. 8. 9. Normal profit is $35,000 a year.

Tricia is a computer programmer who earned $30,000 in 2019. But on January 1, 2020 Tricia opened a landscaping business. At the end of the first year of operation, she submitted the information on the right to her accountant. The accountant recorded the depreciation on Tricia's cottage during 2020 as $9,000. According to the accountant, what profit did Tricia make? According to the accountant, Tricia's profit is OA. $111,500 OB. $26,000 OC. $60,900 O D. $35,000 Question Facts 1. Tricia stopped renting out her cottage for $4,500 a year and used it as her business premises. The market value of the cottage increased from $94,000 to $104,000. She spent $10,000 on materials, phone, utilities, etc. She leased machines for $1,000 a year. 2. 3. 4. 5. She paid $7,500 in wages. 6. She used $5,000 from her savings account, which earns 2 percent a year interest. 7. She borrowed $10,000 at 10 percent a year from the bank. She sold $140,000 worth of landscaping. 8. 9. Normal profit is $35,000 a year.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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