A person starts her own business after quitting a job in which she made $75,000 a year. Expenses include $100,000 for wages and salaries, $15,000 for utilities, $150,000 for materials and supplies, and $5000 for gasoline. She uses her own car in her work, for which she paid $16,000 two years earlier. She could rent the car for $5,000 a year. Explicit costs area. $195,000
b. $275,000
c. $270,000
d. $286,000

Answers

Answer 1

Answer: Explicit costs are business expenses that are easily identifiable and can be accounted for.

1) Wages and salaries = 100,000
2) Utilities expenses = 15,000
3) Materials and Supplies = 150,000
4) Gasoline expense = 5,000

100,000 + 15,000 + 150,000 + 5,000 = 270,000 answer is C.

Related Questions

visit any successful local business and interview the owner on the initiatives taken by his or her business in poverty, HIV and AIDS, Unemployment, Crime, and Inclusivity
The investing public generally understands that it is very difficult for auditors to detect fraud, so investors do not hold auditors accountable when auditors fail to detect fraud?
The greater the chances are that an investment could lose money, the greater the __________ for the investor. a. risk factor b. initial cost c. loan payment d. active involvement
Who must know the scientific definitions of economics
In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract. On May 2, the bill was approved for payment, subject to a ten percent retention, as provided by the contract. The amount that should be debited to Construction Expenditures is: $ 0. $ 12,000. $1,080,000. $1,200,000.

What is an extrinsic value

Answers

extrinsic value is the portion of the worth that has been assigned to an item by external factors.

Answer:B. Something that is valuable because it leads to another value

Explanation:

Confirmed a correct answer on

Taking stock of your values, interest, personality, and skills mastery test on her Edmentum

The Council of Economic Advisersa. is an independent agency with broad regulatory powers.
b. determines the Fed's monetary policy.
c. advises the president on economic developments and strategy.
d. advises Congress on economic developments and strategy.

Answers

C. Advises the president on economic developments and strategy. The Council of Economic Advisers is an agency that advises the U.S. President on economic policy. It functions under the Executive Office of the President. It provides empirical study and prepares the annual Economic Report of the President .

Brian would like to get a new cell phone plan. He would like to know what monthly payment he can afford. He should _____.create a budget by listing and totaling his income and expenses, and then subtracting his expenses from his income.use a spreadsheet to list his income and his assets and find the totalrun his credit reportcalculate his net worth

Answers

Answer:

Create a budget by listing and totaling his income and expenses, and then subtracting his expenses from his income.

Explanation:

If Brian wants to know the monthly payment he can afford for a cell phone plan he has to find out the amount he has left after his expenses are deducted from his earnings and this can be done by creating a budget that is a plan that shows the estimated income and expenses.

The other options are not correct because they won't help determine the money that Brian has available from his income to pay for a cell phone plan.

He should create a budget by listening and totaling his income and his expenses. By knowing the difference between income and expense, he knows how much he can afford to pay monthly for the new cellphone plan that he wants

Justify the reasons why businesses use team dynamic theories to understand team performance

Answers

Team dynamic theories are now being utilized to determine team performance because it evaluates how well the team members interact with each other. How they coordinate and exchange ideas with each other are determinants that measure their potential as a team.

If a firm lies within a country with ________ or ________ domestic capital markets, it can achieve lower global cost and greater availability of capital with a properly designed and implemented strategy to participate in international capital markets.A) liquid; segmented
B) liquid; large
C) illiquid; segmented
D) large; illiquid

Answers

Answer: C) illiquid; segmented

Explanation:

Bresnee, a European automobile company, plans to sell its automobiles in Lador, an Asian country. To do this, Bresnee has to make certain modifications in its marketing strategy such as using the regional language of Lador in its advertisements. Without such changes, Bresnee would not be able to establish a market in the country. In the given scenario, Bresnee is most likely facing the barrier of _____.

Answers

Answer:

The correct answer is sociocultural differences.

Explanation:

Each culture has its own ideology of what would be appropriate behavior or not. (This is why one must criticize a culture from the culture itself if it is done from outside would be judging).

It is logical that culture and society deeply influence people that is why the human race is considered so diverse.

Other Questions

What is a credit card balance

Which technology traveled from Asia to Europe along the Silk Road? A. Agriculture B. Papermaking C. Iron-making D. Irrigation

In the market for financial capital, ________.a. those who demand financial capital receive interest on loans. b. those who supply financial capital pay interest on loans. c. the supply of financial capital comes from savings, and the demand goes to making loans. d. the demand for financial capital comes from savings, and the supply goes to making loans.

Which of the following is accounted for in the calculation of a country's gross domestic product? A. sales of stocks and bonds B. changes in inventories C. changes in product quality D. the underground economy nonmarket activities