Prepares tax returns and does bookkeeping
Course:- Business Economics
Reference No.:- EM13891971

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000, and her expenses for the business were $15,000. When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting business. Refer to Scenario 13-7. Julia’s economic profits are a. $160,000. b. $125,000. c. $150,000.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
Assume initially that the economy is in a state of long-run equilibrium. The real GDP equals potential GDP and only natural unemployment exists. Now suppose that consumer conf
The rate of growth in the US economy is currently 0.5% annually. Your mission is to increase our growth rate to at least 4% annually, without setting off unacceptable levels o
The ABC movie theater has 300 seats. In a typical month, 25 percent of the seats are sold. The price elasticity is estimated to be -0.9. The price of a ticket is $8.00. The ma
Consider a neighborhood with 1000 residents. Each individual must choose (let’s assume simultaneously) whether to be a criminal or not. If an individual chooses to attempt a c
Determine whether the firm should remain in business under the following conditions: Good A sells at $5.00 per unit, and AVC is $3.50. Good B sells at $7.50 per unit, and AVC
Economic theory offers ______ about the full range of possible events and responses, which can prevent _______ about how households will respond to changes in prices or income
The Economy is at full employment. Now the government want to change the composition of demand towards investment and away from consumption, without, however, allowing aggrega
If the American auto companies make a breakthroufh in automobile technology and are able to produce a car that gets 70 miles to the gallon, what will happen to the value of th