While Popular with Consumers,vending Machines Are Not Particularly Profitable

question 35

True/False

While popular with consumers,vending machines are not particularly profitable.

Grasp the financial parameters involved in real estate investment, including equity, mortgage mechanics, and interest calculations.

Understand the importance and function of insurance and tax payments in homeownership.

Apply mathematical skills to real-world scenarios about property management, including area calculations and cost estimations.

Interpret and analyze financial information and statements regarding personal and property finances.

---

Definitions:

Implicit Cost

The monetary income a firm sacrifices when it uses a resource it owns rather than supplying the resource in the market; equal to what the resource could have earned in the best-paying alternative employment; includes a normal profit.

Forgone Rent

The potential income lost by choosing to use a property or resource in a way that is not financially optimal, such as using land for personal use instead of renting it out.

Rental Payments

Regular payments made by a tenant to an owner for the use of the owner's property or land.

Accounting Profit

The total revenue of a firm less its explicit costs; the profit (or net income) that appears on accounting statements and that is reported to the government for tax purposes.