Refer to Scenario 7.2 below to answer the question(s) that ...

[nevelica]

Question 1

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. During the year your economic costs were

◦ $70,000.
◦ $60,000.
◦ $50,000.
◦ $20,000.

Question 2

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. During the year your economic costs were

◦ $70,000.
◦ $60,000.
◦ $50,000.
◦ $20,000.

[Jadwiga9]

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[cool]

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. A yearly normal return for your company is

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

[mammy1697]

$20,000.

[cool]

Excellent

[mammy1697]

Great! Please up vote

[fnuegbu]

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. A yearly normal return for your company is

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

[JCABRERA33]

$20,000.

[B]

Question 1

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. Your accounting profit last year was

◦ $10,000.
◦ $30,000.
◦ $50,000.
◦ $60,000.

Question 2

Refer to Scenario 7.2 below to answer the question(s) that follow. 

SCENARIO 7.2: You are the owner and only employee of a company that sets odds for sporting events. Last year you earned a total revenue of $100,000. Your costs for rent and supplies were $50,000. To start this business you invested an amount of your own capital that could pay you a return of $20,000 a year. 





Refer to Scenario 7.2. Your accounting profit last year was

◦ $10,000.
◦ $30,000.
◦ $50,000.
◦ $60,000.

[Edwyer]

Answer 1

$50,000.

Answer 2

$50,000.