Answer Happy

Grace owns a small business. This year, she paid her employees $70,862. Insurance and licensing expenses cost $15,950, Cost of materials was $56,690. Grace has $63,814 invested in equipment for the business, which could be sold for the same price that she paid for it. If she did not own this equipment, she would have this amount in savings, which could be earning 10% interest. Grace also received an offer to return to her previous job at a salary of $45,000. Calculate Grace's explicit and implicit costs for this year. Enter your answers in the boxes below rounding to the nearest whole number if necessary. Answer 2 Points Keypad Keyboard Shortcuts Explicit Costs S Implicit Costs: S > Next
Grace owns a small business. This year, she paid her employees $70,862. Insurance and licensing expenses cost $15,950. Cost of materials was $56,690. Grace has $63,814 invested in equipment for the business, which could be sold for the same price that she paid for it. If she did not own this equipment, she would have this amount in savings, which could be earning 10 % interest. Grace also received an offer to return to her previous job at a salary of $45,000. Calculate Grace's explicit and implicit costs for this year. Enter your answers in the boxes below, rounding to the nearest whole number if necessary. Answer 2 Points Keypa Keyboard Short Explicit Costs: Implicit Costs: S