Betty's Blogging business earned economic profits of $10,000 this year. Betty's best alternative employment is working for $30,000 for a shipping company. Betty borrowed $20,000 from the bank to start the business at an interest rate of 10%. Betty's accounting profits are Select one: A. $12,000. ●B. -$20,000. C. $62,000. OD. 140,000. E. $42,000,

Which of the following would lead to an increase in an individual's wealth? i. a person makes the last payment on their car loan ii. a person sells their car for $3,000 iii. a person bought stock for $500 and one year later it is worth $550 iv. a person uses money from their savings account to buy a new car Oi i, ii, and iii all of these lead to an increase in wealth O i and iii

Henry takes put a home-equity loan for $50,000. He deposits the loan proceeds into an account used by his sole proprietorship, a business in which he actively participates. The money is immediately spent on new equipment for the business. Henry should elect to treat the $50,000 loan as?

Q#1. Last year, M.Hamed left a job that pays 36,000 OMR to run his own bike-repair shop. M. Hamed’s shop charges 5 OMR for a repair, and last year the shop performed 7,000 repairs. M. Hamed’s production costs for the year included rent, wages, and equipment. M. Hamed spent 6,000 OMR on rent and 18,000 OMR on wages for his employees. M. Hamed keeps whatever profit the shop earns but does not pay himself an official wage. M. Hamed borrowed 20,000 OMR for the shop’s equipment at an annual interest rate of 6 percent. a. What is M. Hamed’s accounting profit? b. What is M. Hamed’s economic profit? c. Is the decision to leave the job and run the bike business, good? Why?

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Hi expert Hand written solution is not allowed.

7. The three basic inputs of MRP are: 1) the bill of material; 2) inventory on hand, open orders and lead times; and 3) planned order releases. True False

6. Suppose you observe that MP₁ > AP₁ and MPL is decreasing but positive as more labor is used. at rate, and APL must be Based on this, you can say that TP is a. increasing; a decreasing; increasing b. increasing; a decreasing; decreasing c. increasing; an increasing; decreasing d. decreasing; a decreasing; decreasing e. decreasing; increasing; increasing

5- Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if alternatively invested. He has been offered $15,000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $3,000 per year. Total annual revenue from pottery sales is $72,000. Calculate the accounting profit and the economic profit for Gomez's pottery firm.