Determine the sydneys economic profit

Reference no: EM13203483

Sydney is interested in starting a new business, but would have to give up a job with a total compensation of $100,000 per year. After researching the new business opportunity, Sydney developed the following estimates.

Annual Revenues: $300,000
Wages and payroll taxes (not including Sydney's): $100,000
Benefits: $25,000
Supplies and materials costs: $75,000
Rent: $60,000

What is Sydney's economic profit?

Reference no: EM13203483

Questions Cloud

Relationship between portfolio risk and stocks in portfolio : What can you say about the relationship between portfolio risk and the number of stocks in the portfolio? What do you think is responsible for this relationship?

Find the function that gives the meeting time in terms of s : A dog walks north from a crossroads at 1 mile per hour. The dog's master begins one mile east of the crossroads and walks AT ALL TIMES directly at the dog with a speed of s>1 miles per hour.

What are the independent and dependent variables : A cereal manufacturer seeks to test their newest product against a competitor's. A group of 100 children was asked to evaluate each brand, and then to express a preference. To guard against bias, neither the children, nor the technicians serving t..

What is the area of the garden in square feet : The length of a rectangular garden is 7 feet longer than its width. If the garden's perimeter is 182 feet, what is the area of the garden in square feet?

Determine the sydneys economic profit : Sydney is interested in starting a new business, but would have to give up a job with a total compensation of $100,000 per year. After researching the new business opportunity, Sydney developed the following estimates. Annual Revenues: $300,000

Define how man are taking algebra but not calculus : 442 are taking college algebra, 229 are taking calculus and 51 are taking both college algebra and calculus. how man are taking algebra but not calculus

The abolitionist william lloyd garrison : The abolitionist William Lloyd Garrison...

By how much will he have reduced the principal : What will the quarterly payments be? At the end of the first year, how much interest will Mr. Sullivan have paid? By how much will he have reduced the principal?

Explain how they benefit firms but not consumers : Discuss ways firms establish barriers to entry and explain how they benefit firms but not consumers. Give an example of a law or regulation that limits the ability of firms to establish barriers to entry and an example of a law or regulation that ..

User Account

All Pages