Suppose That You Open Your Own Business and Earn an Accounting

question 189

Multiple Choice

Suppose that you open your own business and earn an accounting profit of $40,000 per year. When you started your business, you left a job that paid you a $25,000 salary annually. Also, suppose that you invested $70,000 of your own funds to start up your business. If the normal rate of return on capital is 5 percent, your economic profit is

• A) $15,000.
• B) -$11,500.
• C) $11,500.
• D) -$55,000.

Analyze sedimentary rock sequences to infer past environmental conditions.

Understand the importance and impact of reference checks in the recruitment process.

Recognize staffing as a core function of management.

Comprehend the characteristics of systematically people-centered organizations.

---

Definitions:

Medical Treatments

Procedures or applications of remedies used to manage or cure diseases and promote health and wellness.

Male Model

A male individual who works in the fashion industry, representing brands and designers by wearing their clothing or accessories in photoshoots, catwalks, or advertising campaigns.

Women

Female human beings, often discussed in contexts concerning gender-related aspects such as rights, health, and societal roles.

Race-based Medicine

Medical practices that use race as a factor in health care decisions, including treatment options and disease risk assessments.