You and your best friend are brilliant entrepreneurs who are considering opening your own business tutoring struggling college students in economics. this wonderful endeavor takes the place of the job you were offered working for a rival tutoring service and earning $2,000 a month. your best friend was offered a similar job at $1,500 (better not tell him about your offerl). operating expenses for your tutoring business will total $5,000 monthly when you include variable costs such as hiring other tutors. additionally you will need to lease a building to work out of for $2,000 per month. together the two of you have enough to cover these operating expenses and the lease but if you pull that money out of your bank accounts you will lose out on $200 in interest income you could have collectively earned. you anticipate revenue from your tutoring business will be $12,000 per month. a. what would be the accounting profit/loss per month for your business? b. what would be the economic profit/loss per month for your business? c. should you and your friend open the business? why or why not?
Answers: 2
Business, 22.06.2019 01:00
Throne technical university is looking for three people to work in its plant-biology laboratory. the hiring manager is finding that the most suitable job candidates live in other countries and are not willing to move to the city where the university is located. which situation is the university facing? a. lack of flexible workforce b. surpluses in labor talent c. an appearance of quota systems d. deficits in minimum wage demands
Answers: 1
Business, 22.06.2019 12:10
Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)
Answers: 1
Business, 22.06.2019 14:30
crow design, inc. is a web site design and consulting firm. the firm uses a job order costing system in which each client is a different job. crow design assigns direct labor, licensing costs, and travel costs directly to each job. it allocates indirect costs to jobs based on a predetermined overhead allocation rate, computed as a percentage of direct labor costs. direct labor hours (professional) 6,250 hours direct labor costs ($1,800,000 support staff salaries ,000 computer ,000 office ,000 office ,000 in november 2012, crow design served several clients. records for two clients appear here: delicious treats mesilla chocolates direct labor 700 hours 100 hours software licensing $ 4,000 $400 travel costs 8,000 1. compute crow designβs direct labor rate and its predetermined indirect cost allocation rate for 2012. 2. compute the total cost of each job. 3. if simone wants to earn profits equal to 50% of service revenue, how much (what fee) should she charge each of these two clients? 4. why does crow design assign costs to jobs?
Answers: 2
Business, 22.06.2019 21:00
The purpose of the transportation approach for location analysis is to minimize which of the following? a. total costsb. total fixed costsc. the number of shipmentsd. total shipping costse. total variable costs
Answers: 1
You and your best friend are brilliant entrepreneurs who are considering opening your own business t...
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