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Author Question: Refer to Scenario 7.4 below to answer the question(s) that follow. SCENARIO 7.4: You own and are the ... (Read 36 times)

big1devin

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Question 1

Refer to Scenario 7.4 below to answer the question(s) that follow.



SCENARIO 7.4: You own and are the only employee of a company that sells custom embroidered pet sweaters. Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000. To start this business you invested an amount of your own capital that could pay you a $50,000 a year return.





Refer to Scenario 7.4. During the year your economic costs were


◦ $30,000.
◦ $50,000.
◦ $80,000.
◦ $120,000.

Question 2

Refer to Scenario 7.4 below to answer the question(s) that follow.



SCENARIO 7.4: You own and are the only employee of a company that sells custom embroidered pet sweaters. Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000. To start this business you invested an amount of your own capital that could pay you a $50,000 a year return.





Refer to Scenario 7.4. During the year your economic costs were


◦ $30,000.
◦ $50,000.
◦ $80,000.
◦ $120,000.


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Marked as best answer by big1devin on Apr 19, 2019

frogdreck123456

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big1devin

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Reply 2 on: Apr 19, 2019
Excellent


ryansturges

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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