Jacqui decides to open her own business and earns $90,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 3 percent interest. She also turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000. What is Jacqui's economic profit from running her own business

Answers

Answer 1

Jacqui's economic profit from running her own business is: $44,400

Using this formula

Economic profit =(Accounting costs - Implicit costs)

 

Where:  

Accounting profit = $90,000

Implicit costs=($20,000 x 3%) + $45,000

Let plug in the formula

Economic profit=$90,000-[($20,000 x 3%) + $45,000]

Economic profit=$90,000-($600+$45,000)

Economic profit=$90,000-$45,600

Economic profit=$44,400

Inconclusion Jacqui's economic profit from running her own business is: $44,400

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Related Questions

Alpha Company bought inventory from Omega Company, FOB shipping point. On December 31, the last day of the accounting year, the goods were on a truck owned by Theta, Inc., exactly half-way between Alpha and Omega. Which company should include these goods in its December 31 inventory

Answers

Answer: what

Explanation:

I don't know the answer

Supply chain management primarily focuses on two or more stages of the marketing channel under one management.Question 21 options:TrueFalse

Answers

The statement "Supply chain management primarily focuses on two or more stages of the marketing channel under one management" is:

False

Supply chain management is the type of management where there is a sum of all the production processes which are involved in making a raw material into a finished product that is ready for market sale.

The given question actually refers to Vertical Channel Integration because it focuses on two or more marketing channels which operate under one management.

Therefore, the correct answer is False

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which government branch creates the federal tax law

Answers

The answer is Congress :)

The government branch that create the federal tax law is : Congress.

What is a congress?

Congress refers to the legislative arm of the federal government that represents the American people and also make the nation's laws. Congress shares power with the executive branch, led by the president, and the judicial branch.

A congress would have the following:

Very strong powers, which will enable it to execute its policies without hindrances.A good representation and understanding of the general opinion to be able to execulte the policies that people will actually want.A good understanding of the effects and consequences of the policies it executes

Hence, the government branch that create the federal tax law is Congress.

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why will the coefficient for the price elasticity of demand always be a negative number?

Answers

The coefficient for the price elasticity of demand is normally negative because the demand curve is downward sloping.

Price elasticity of demand:

Shows how quantity demanded changes as a result of a change in price Is calculated by dividing the change in quantity demanded by the change in price

For normal goods, an increase in price leads to a decrease in quantity demanded. This is why the demand curve is downward sloping. If price goes up, quantity demanded will go down.

This change in quantity demanded will be shown as a negative number which means that when it is divided by the change in price, the price elasticity coefficient will be negative.

In conclusion, the price elasticity coefficient is usually negative because the demand is negative when prices increase.

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Baby you’re too controllin’
Ima feed you too the wolves when
You get nasty, back at me
But baby don’t distract me
I’m a goner, I lost her
Like why the hell yhu wanna play me that way
You’re bad babe, You double-faced enternare
LiFe GoEs On AnD oN aNd On AnD oN AnD oN aNd

Answers

Tharpist can help you.

Explanation:

They specialize in mental health and illness care and treatment.

what reflects the perceived quality of a company’s goods and services in the eyes of the public?

Answers

The company's reputation reflects the perceived quality of its goods and services.

A company's reputation will always show the perceived quality of its goods & services as well as prominence of the brand in the minds of the public.

A brand reputation is one of the most important intangible asset of a company because its gives rise to the tangible asset which means higher sales and increased profits.

In conclusion, brand reputation was gained through customers trust & loyalty from the company's consistent service.

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what is a "complementary" business

Answers

Answer:

A complimentary business compliments your business. It may offer products or services beneficial to your business or your customers, but not the same things as to not be considered a competing business (competitor).

Help pls I need help

Answers

Answer:

The answer is "a short period of time".

Answer:

a short period of time

Explanation:

i dont know lol

Which customers are typical for the Agriculture, Food, and Natural Resources career cluster? SELECT FOUR OPTIONS!!!!
A) a power company needing solar panels
B) a local fresh market
C) a business working with trained animals
D) a person buying large quanities of wheat
E) a person learning about geography
F) a family on a camping trip

PLEASE HELP ITS WORTH 50 POINTS!!!!!

Answers

Answer:bcde

Explanation: kids cant work so not f and solar panels have nothing to do with the farmers so not a

The customers that are typical for the Agriculture, Food, and Natural Resources career cluster are a local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip. Thus option (B), (C), (D) and (F) are correct.

Who are customers?

Customers are individuals or organizations who purchase goods or services from a seller or provider. They are the people or entities who pay for and use the products or services that a business offers.

The relationship between a business and its customers is a crucial aspect of its success, as satisfied customers are more likely to return for future purchases and recommend the business to others.

A local fresh market; a business working with trained animals; a person buying large quantities of wheat and a family on a camping trip are the customers are typical for the Agriculture, Food, and Natural Resources career cluster. Therefore, option (B), (C), (D) and (F) are correct.

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liabilities are generally classified on a balance sheet as

Answers

Liabilities are classified as Current Liability and Non-Current Liability on the Balance sheet.

Liability is an accounting term used to represent debts and obligations which the business owes to others.

Examples of Liability includes Wages payable, Supplies payable, Owed Loans, Notes payable, Income taxes payable, Mortgages payable etc

However, under the balance sheet, Liability are classified into two sections and includes the Current Liability and Non-Current Liability.

The Current liabilities are known as Short term liabilities because they are liabilities that are due and payable within one year.

The Non-current liabilities are known as Long-term liabilities because they are liabilities that are due after a year or more.

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order these ideologies from those that call for the least amount of government involvement in the economy and society to those that call for the greatest amount of government involvement.

Answers

Placing different ideologies from those that support the least amount of government involvement in the economy and society to those that support the greatest amount of government involvement, we have Libertarian, Conservative, followed by Liberal, then finally Socialist.

This is because Libertarian is an ideology that is known for drastic laissez-faire political doctrine. They seek little government interference in every aspect of society.

Conservative is an ideology known for supporting sovereignty over equality. They support capitalism with no government interest in issues relating to business and social welfare policies.

Liberal this an ideology known for advocating for government involvement in education, labor, and social programs. They believe in greater equality of society and are more tolerant of others.

Socialism is an ideology known for supporting the idea of government owning and controlling everything in society, including economic and social issues. They prefer equality over freedom.

Hence, in this case, it is concluded that Libertarian ideology least wants government involvement in the society. At the same time, Socialism is the ideology that mostly wants government involvement in society.

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after three summers working for a local landscaping business, scott suggested that his boss add snow removal as an extra service. with this holistic hunch, scott was acting on ________ that snow removal might be a good addition to the service offerings.

Answers

Scott's suggestion that his boss adds snow removal as an extra service shows Scott acting on intuition.

Intuition is a product of inventiveness, especially when one has creative skills for bringing out solutions to ensure success.

Scott was not acting in hindsight because he had not engaged in snow removal before. Scott did not suggest based on minority dissent since there is no opposing suggestion from the majority.

Similarly, Scott was not acting on a sudden reaction, which suggested that the boss required a business idea from Scott.

Thus, Scott was acting on intuition when he suggested to his boss embrace snow removal as an extra service with potential.

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Many entire vocations in the United States have disappeared in the last few decades. What if the following is a possible explanation for why vocations have entirely disappeared the last few decades?

Answers

A possible explanation for the disappearance of vocations in the past decade is advancement in technology.

With advancement in technology, many jobs have become obsolete as they can be performed more efficiently by computers compared with humans. For example, there are some record keeping tasks that people were employed to carry out but with the invention of efficient technology, humans are no longer to perform this functions.

 Another job that is been rendered obsolete by technology is the job of a librarian. Most of the job functions carried out by a librarian can now be carried out computers.

Technology rendering jobs obsolete increases the rate of structural unemployment. This unemployment occurs when the skill labour posses are no longer demanded for in the economy.

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Answer:

The low cost of foreign goods could cause manufacturing to be done overseas

goal displacement, satisficing, and groupthink are:

Answers

Goal displacement, satisficing, and groupthink are the advantages of group decision-making.

Group decision-making simply means the process where several individuals act collectively in order to analyze a particular problem.

During group decision-making, several ideas are considered and the best approach or idea is chosen in order to achieve a particular goal.

Some of the advantages of the group decision-making include goal displacement, satisficing, and groupthink.

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when an externality is present, the market equilibrium is

Answers

Answer:

Effecient

Explanation:

And the equilibrium maximizes the total benefit to society as a whole

terin, the chief human resources officer for a major financial services company, has met with each of her employees to set their objectives. now, terin expects the employees to:

Answers

Given that Terin's employees have set their objectives in the company, the next thing that Terin expects from these employees would be to develop action plans.

Option D is the correct answer to this question. The action plans are sets of strategies that the employees have laid out that would help them to achieve their goals and objectives.

In order to do this, they have to make up lists of the things that they want to achieve in the firm and also list the strategies that they would employee to achieve them.

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what are the risks of partnering? select all that apply.

Answers

Put a list plz for me to see. There is nothing here to see.

Advertising plans include: (select 3 that apply)
HELP ASAPSelect 3 correct answer(s)
developing a marketing strategy
evaluating the results of the advertising
determining the target market
setting an advertising budget
o discrediting the competition

Answers

Advertising plans include defining the target market, setting an advertising budget, and evaluating advertising results.

An advertising plan can be defined as a strategy used by companies to:

attract and retain consumers.

For this, it is necessary for the organization to define its target market, the necessary budget and the communication channels where its advertising will be shown.

It is also essential to monitor and evaluate advertising results to understand how advertising has impacted audiences and achieved expected results.

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Answer:B,C,D

Explanation:

according to adam smith, the process that turns self-directed gain into social and economic benefits for all is the

Answers

Answer:invisible hands

Explanation:

Adam Smith asserts that the invisible hands is a process that turns self-directed gain into social and economic benefits for all.

Adam Smith invisible hands theory explains that there are unseen forces that move the free market economy.

In conclusion, the economist is the one that explains that the invisible hands is a process that turns self-directed gain into social and economic benefits for all.

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if the activity level increases 10%, total variable costs will

Answers

If activity level increases by 10%, total variable costs will increase by 10%. It remains the same per unit at every level of activity. remain the same in total regardless of changes in the activity level. ... The CVP income statement classifies costs as variable or fixed and computes a contribution margin. I hope this helps!!

the contribution margin income statement allows users to easily judge the impact of a change in ______ on profit.

Answers

The blank space has been correctly filled below:

The contribution margin income statement allows users to easily judge the impact of a change in selling price, cost, or volume on profit.

The contribution margin income statement is an evaluation of a former sales period. Entrepreneurs use this procedure to determine whether they made a profit or loss during the period.

After their evaluation, they realize the operating income or net income. The contribution margin is generated using this formula,

Net product revenue - Total variable cost ÷ product revenue.

A proper understanding of the fixed and variable costs is essential to accurately calculate the contribution margin.

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Explain the concept of inter cropping in brief . (5) note: it should be of 5 marks​

Answers

Answer:

Inter cropping is a type of multi cropping where the farmer cultivates two or more crops in a field simultaneously. Inter croping is a sustainable practice that can improve resource-use efficiency, such as nutrients and water, allowing low input agricultural practices.

Explanation:

Pls mark as brainliest

when the supreme court judges vote unanimously on a case, this usually indicates a _____ model of decision-making.

Answers

Legal.


Hope this answers your question

Clickable text or images that take you to different sites on the World Wide Web are called
Attachments
Hyperlinks
Shortcuts
Navigation Buttons

Answers

Answer:hyperlinks

Explanation:

Clickable text or images that take you to different sites on the World Wide Web are called hyperlinks. Hence, Option (B) is correct.

Hyperlinks are an essential feature of the web that allows for seamless navigation and interconnectedness between web pages.

They are typically displayed as underlined or differently colored text or as clickable images.

When a user clicks on a hyperlink, it initiates an action that takes them to a different web page, whether it is within the same website or on a different website altogether.

Hyperlinks play a vital role in facilitating the exploration of information on the internet, enabling users to access related content, external references, sources, and various online resources.

Thus, hyperlinks serve as the fundamental mechanism for connecting and directing users to different sites on the World Wide Web.

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Clickable text or images that take you to different sites on the World Wide Web are called

A)Attachments

B)Hyperlinks

C)Shortcuts

D)Navigation Buttons

What is missing from this goal that is preventing it from being a SMART goal?
Goal: I want to be successful right after high school by getting a job.
This goal is NOT
O Specific
0 Measurable
O Attainable
O Relevant
O Timely

Answers

Timely, you can’t get a successful job that quick right after highschool

how does selling shares on the stock exchange benefit companies?

Answers

Answer:

to raise revenues

Explanation:

hope i helped

what documents are used in the buying of goods and services​

Answers

Answer:

trans tax

Explanation:trans tax

what is enterprenuship

Answers

Answer:

Entrepreneurship is the creation or extraction of value.

Explanation:

generally entailing risk beyond what is normally encountered in starting a business, which may include other values than simply economic ones.

Answer:

the activity of setting up a business or businesses, taking on financial risks in the hope of profit.

When you purchase something with a credit card, you
A
automatically improve your credit score
B
buy it now and promise to pay for it later
С
pay for it now but receive it later
D
decrease your debt

Answers

Answer:

(A) uhhh I think it's a

Explanation:

ok

PLEASE HELP ASAP, I WILL MARK BRAINLIEST
-economics
The purpose of fractional reserve banking is to:
O A. prevent banks from charging unfair interest rates to small
businesses.
O B. combine the financial services of both commercial and retail
banks.
C. give banks the ability to make loans greater than the value of cash
deposhys.
D. give potential borrowers more options for securing short-term
bank loans.

Answers

Answer: A

Explanation:

it makes more sence

The purpose of fractional reserve banking is to prevent banks from charging unfair interest rates to small businesses. Thus, option A is correct.

What is fractional reserve banking?

A fractional reserve banking system is one in which only a portion of bank deposits must be available for withdrawal. Banks only need a certain amount of cash on hand and can make loans using the money we deposit. By releasing cash for lending, fractional reserves help to boost the economy.

Banks can utilize cash (i.e., the majority of deposits) that would otherwise be unused and idle to create returns in the form of interest rates on new loans and therefore make more money available to build the economy.

Therefore, it prevents banks from charging unfair interest rates to small businesses.

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