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Author Question: Refer to Scenario 7.1 below to answer the question(s) that follow. SCENARIO 7.1: You are the owner ... (Read 256 times)

olgavictoria

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Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. During the year your economic costs were


◦ $40,000.
◦ $60,000.
◦ $100,000.
◦ $130,000.


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Marked as best answer by olgavictoria on Apr 19, 2019

l.stuut

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mia

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Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. During the year your economic costs were


◦ $40,000.
◦ $60,000.
◦ $100,000.
◦ $130,000.






fasfsadfdsfa

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  • Posts: 554

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. A yearly normal return for your computer software firm would be


◦ $20,000.
◦ $40,000.
◦ $60,000.
◦ $100,000.




cherise1989

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  • Posts: 555

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. A yearly normal return for your computer software firm would be


◦ $20,000.
◦ $40,000.
◦ $60,000.
◦ $100,000.




 

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