Business, 14.04.2020 20:59 kayleenprmartinez100
Shen lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $430,000; he also pays wages and utility bills totaling $301,000. He owns his showroom; if he chooses to rent it out, he will receive $15,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Brian does not operate this piano business, he can work as a financial advisor and receive an annual salary of $50,000 with no additional monetary costs. No other costs are incurred in running this piano business. Identify each of Shen's costs in the following table as either an implicit cost or an explicit cost of selling pianos. Implicit Cost Explicit CostThe wages and utility bills that Brian pays The rental income Brian could receive if he chose to rent out his showroom The salary Brian could earn if he worked as a financial advisor The wholesale cost for the pianos that Brian pays the manufacturer Complete the following table by determining Brian's accounting and economic profit of his piano business. Profit(Dollars)Accounting Profit Economic Profit
Answers: 1
Business, 22.06.2019 15:30
In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in loriās gross estate at her death?
Answers: 1
Business, 22.06.2019 17:20
States that if there is no specific employment contract saying otherwise, the employer or employee may end an employment relationship at any time, regardless of cause. rule of fair treatment due-process policy rule of law employment flexibility employment at will
Answers: 1
Business, 22.06.2019 19:00
Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is
Answers: 2
Business, 23.06.2019 03:00
What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a personās paycheck calculating how much income was paid in the previous year
Answers: 1
Shen lives in Chicago and runs a business that sells pianos. In an average year, he receives $793,00...
Mathematics, 22.04.2020 20:07
Mathematics, 22.04.2020 20:07
Physics, 22.04.2020 20:07
History, 22.04.2020 20:08
Mathematics, 22.04.2020 20:08
History, 22.04.2020 20:08
Mathematics, 22.04.2020 20:08
Biology, 22.04.2020 20:08