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1. Explicit and Implicit Costs Juan and Julia contributed $50,000 of their own money to the company They bought equipmen
Posted: Thu May 19, 2022 10:00 am
by answerhappygod
- 1 Explicit And Implicit Costs Juan And Julia Contributed 50 000 Of Their Own Money To The Company They Bought Equipmen 1 (169.97 KiB) Viewed 32 times
1. Explicit and Implicit Costs Juan and Julia contributed $50,000 of their own money to the
company They bought equipment for $3,000 They hired an employee with a salary of $20,000 Juan quit his job where he earned $30,000 Julia quit part of her job where she earned $15,000 · Purchases of materials for the business were $10,000 · At the end of the year the value of the equipment is $28,000 · A business loan of $100,000 pays 6% annual interest The normal profit based on the above data from running the business is $30,000. True or false?