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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?
Aldo Redondo drives his own new car on firm business. His boss reimburses him for travel at the rate of thirty-six cents per mile. Aldo estimates that his fixed cost per year such as taxes,
A manager takes responsibility for correcting an environmental problem which has been created by his or her corporation. This manager is acting in which type of role?
Extraversion is often considered a "good" quality for a leader to have. Why might introversion be considered an equally positive quality?
Suppose if you were your firm's CEO Stryker Corporation, what three numbers would you watch daily to test your strategy objectives and why?
Why is qualitative analysis an interactive process?
Talent Development - Explain three effective ways to develop talent within your current or former organization as an administrator
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Do you think the approach taken by OSHA to improve ergonomic safety will be effective?
The membership has perhaps become a more crucial role for the community than ever before. Summarize the key functions of the governing board in modern healthcare.
Explain how has the rise of Ecuador as a center for rose growing benefited consumers in developed nations who purchase the roses? Illustrate what do the answers to these questions tell you about the benefits of international trade?
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