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Gomez runs a small pottery firm. He hires one helper at $11,500 per year, pays annual rent of $7,000 for his shop, and spends $22,500 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $6,500 per year if alternatively invested. He has been offered $22,000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $4,500 per year. Total annual revenue from pottery sales is $80,000. Calculate the accounting profit and the economic profit for Gomez's pottery firm.
what is Economic profit?
When you think about it jobs are scarce right now so if a person doesn't do what the organization wants it will find someone else. What can be done to grow this relationship between employees and the organization?
What new communications skills do you think managers will need to develop to function effectively in an increasingly diverse workforce
Wanting to save the currency she would have to pay for a commission Marsha asks her friend Howard to check on the Internet as well as see if he can find a five-day cruise to the Bahamas for under $400 and if he does to book it for her. He agrees h..
All sources utilized including the textbook essential be referenced paraphrased as well as quoted material should have accompanying citations following APA guidelines
form of communication technology within this discussion. Consider recording video messages instead of the traditional text, both for your initial discussion posting as well as responses to other students
Suppose that they are thinking of each specializing completely in the area in which they have a comparative advantage
Exchange rate shifts that reason the Sing$ to be weaker versus the Brazilian real and Make the export of footwear from Asia-Pacific plants to Latin America less competitive as well as give rise to negative or unfavourable exchange rate cost adjustm..
Explain Why is it important to have Project Management skills in today's business environment
Identify the marketing segment for the product and Explain why this segment was selected. Discuss the target market and explain why these consumers will be targeted
What does it mean to say that managers should maximize shareholder wealth subject to ethical constraints? What ethical considerations may enter in a decision that decreases cash flow or stock price?
Spam is the price we pay to be capable of easily communicating using e-mail. Does spam affect everyone equally? In a preliminary study, university professors, administrators and students were randomly sampled.
Herzberg's two-factor theory of motivation - Explain the ways that managers motivate workers, using Herzberg's two-factor theory of motivation.
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