What is thomas accounting profit

Assignment Help HR Management
Reference no: EM13951924

Thomas owns and operates an Electronics and Computer shop in Los Angeles. While Thomas has a Mechanical Engineering degree and could work for CISCO Systems Corp. earning $76,000 a year his true passion is managing his own shop. Below is a list of Reggie's expenses for 2014. Use the following information to answer the questions: (show your work)

Revenue in 2014

$95,000

Rent

$15,000

Equipment cost

$4,200

Supplies

$2,750

What is Thomas's Accounting Profit? What is Thomas's Economic Profit?

  • Given Thomas's economic profit why does he still decide to manage his own shop instead of working for CISCO?

Reference no: EM13951924

How did your group demonstrate weak or strong

What was the most commonly held symbol among members of the group that demonstrated a sense of tribe and cohesion which you concluded kept them able to grow from and not be

Purchasing and supply management departments

What are the skill sets that Purchasing and Supply Management professionals should exhibit to better prepare them for the business, IT, HR, and management/leaderships challe

Define the term conflict

Define the term "conflict" and describe how it impacts the negotiation process. Your explanation should include the 4 levels of conflict and the dysfunctions that conflict c

Identify any gaps in the organization separation policies

Describe the strategies used by the organization to retain high-performing employees. Explain the organization's policies for handling voluntary and forced separation. Identif

Create a survey regarding employee preferences

Provide the results of your survey as well as an analysis of what the results might mean to XYZ Company's Human Resource Manager. You may include graphs, charts, or other fo

Capital budgeting problem with six projects

The following questions refer to a capital budgeting problem with six projects represented by binary variables a, b, c, d, e, and f. Write a constraint modeling a situation in

Effective hrd program or training program objective

What role should objectives play in the design, implementation, and evaluation of HRD programs? What are the three essential features of an effective HRD program or training p

Describe the benefit and alignment of outsourcing services

Identify the relationship of the outsourced service and the impact to the organizational structure. Describe the benefit and alignment of outsourcing services on organizationa

Reviews

Write a Review

 
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd