Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000 for his shop, and spends
$24,000 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 $7,000 per year if alternatively invested. He has been offered $20,000 per year to work as a potter for a competitor. He
estimates his entrepreneurial talents are worth $4.000 per year. Total annual revenue from pottery sales is $85,000.
a. Calculate the accounting profit for Gomez's pottery firm?
b. Now calculate Gomez's economic profit?
Answers: 2
History, 21.06.2019 17:00
For witch of these skills were early bantu noted? check all that apply farming fishing hunting ironworking seafaring
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History, 22.06.2019 00:00
What does the timeline above show about the consequences of the persian wars? a. each city-state of greece had equal influence after the wars. b. athens and sparta continued attacking persia after the wars had ended. c. persia continued to dominate greece for years after the wars. d. the alliance between athens and sparta ended shortly after the wars.
Answers: 1
Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000...
Mathematics, 11.03.2020 02:07
Mathematics, 11.03.2020 02:07
Mathematics, 11.03.2020 02:07
Mathematics, 11.03.2020 02:07