19. Explicit Cost (bought in the market) and implicit (owned by the company and the owner) Juan and Julia contributed $5

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19 Explicit Cost Bought In The Market And Implicit Owned By The Company And The Owner Juan And Julia Contributed 5 1 (187.91 KiB) Viewed 39 times

19. Explicit Cost (bought in the market) and implicit (owned by the company and the owner) 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 According to the data, what is the explicit limit or bought in the market?