This topic contains a solution. Click here to go to the answer

Author Question: Transaction CostsLast year Winston quit his job as a dental assistant making $42,000 a year and ... (Read 140 times)

Austinleez3

  • Full Member
  • ***
  • Posts: 158
Transaction Costs

Last year Winston quit his job as a dental assistant making $42,000 a year and opened a photography business, Winston's Whimsical Wonders.
For his business, he purchased a high-tech camera for $2300, purchased equipment for processing and printing photos for $1700, and spent a total of $2950 on marketing.
Assume that last year, the firm had no economic depreciation, but could have earned 10% interest on the funds used to purchase all the equipment needed.
Being the entrepreneur for the business, Winston earned a normal profit of $26,000 last year.

What is the opportunity cost of Winston's Whimsical Wonders? Please round your answer to two decimal places.
◦ $54,245.00
◦ $49,645.00
◦ $7645.00
◦ $74,950.00


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Austinleez3 on Nov 23, 2022

ealonif

  • Full Member
  • ***
  • Posts: 185
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly




Austinleez3

  • Member
  • Posts: 158
Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it


mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Did you know?

More than nineteen million Americans carry the factor V gene that causes blood clots, pulmonary embolism, and heart disease.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Did you know?

The familiar sounds of your heart are made by the heart's valves as they open and close.

For a complete list of videos, visit our video library