Answer Happy

110.1213.003.R ants Question 44 Pyet Marked out of 4.00 Time left 1:19:07 Case 2 Doug has started his own business and reports the following details to his accountant Revenues $500,000 Expenses Rent $120,000 Salaries 80,000 Materials 190,000 He also reported that he had given up his $70,000 full time job and used $100,000 of his savings that he could have received 4% interest on if he hadn't used it to start the business. How much are the explicit costs? Oa. $390,000 Ob. $74,000 Oc. $464,000 Od $500,000 What are the accounting profits/losses? Ca. $110,000 Ob $426,000 Oc $36,000 Od. 5-64,000 What are the implicit costs?
1213.003. What are the accounting profits/losses? O $110,000 Ob $426,000 O $36,000 Od $-64,000 What are the implicit costs? Ca $390.000 Ob $454,000 O $170,000 Od $74,000 What are the economic profits/losses? O $110,000 Ob $426,000 O $36,000 Od 5-60,000 Time left 1:18:51