Until Recently You Worked as an Accountant Earning $60,000 Annually

question 31

Multiple Choice

Until recently you worked as an accountant earning $60,000 annually.Then you inherited a piece of commercial real estate bringing in $40,000 rent annually.You decided to leave your job and open a tattoo parlor in the office space you inherited. At the end of the first year,your books showed total revenues of $180,000 and total explicit costs of $90,000 for labor,ink,utilities,taxes,and miscellaneous supplies.Your total cost of doing business during the first year is ______________ and you earned economic profit of ______________.

• A)$190,000; -$10,000
• B)$90,000; $90,000
• C)$130,000; $50,000
• D)$150,000; $30,000

---

Definitions:

Forwarding

The act of sending an email or data packet to another destination, typically used to ensure information reaches the intended recipient when direct delivery is not possible.

RTF

Rich Text Format, a file format used for text documents that support basic text formatting and can be read by many text editors and word processors.

Hyperlinks

Text or graphical elements that, when clicked, navigate the user to another location within the document or to an external webpage.

Email Service Provider

A company that offers email services, including sending, receiving, and storing emails, to individuals and organizations.