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,

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,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Table Cost.1.2: Amount Interest Rates Loan #1 = $25,000 2.40% Loan #2 = $40,000 Owner's Last Job Wage = $42,000 2.50% %3D Labor = $10,000 Ingredients = $40,000 Rents = $5,000 Total Revenue = $200,000 According to information in Table Cost.1.2, accounting profits is about O $78,400 O No answer text provided. O No answer text provided. O $78.800
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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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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