Total revenue the first year

Assignment Help Basic Computer Science
Reference no: EM131979962

Chris was the business manager for a real estate firm earning an annual salary of $45,000. Then Chris decided to become a consultant. Chris hired an administrative assistant at $20,000 per year and rents office space (utilities included) for $3,000 per month. Chris earned $150,000 in total revenue the first year.

Q1 Chris's economic profit is?

Q2 Chris's normal profit?

Reference no: EM131979962

Questions Cloud

Why household incomes differ : List some reasons why household incomes differ and which factors are the most important?
Create a rating scale and rate the movie in a ratio format : Finally create a rating scale i.e. five stars, thumbs up/thumbs down, happy/sad faces etc...and rate this movie in a ratio format.
Establish an appropriate project management plan : MN601 - Network Project Management - critically reflect on current project management ethics, research, and theory and practice
Discuss why the government subsidizes student loans : Discuss why the government subsidizes student loans. Explain what would happen as a result of lenders pulling out of this market.
Total revenue the first year : Chris earned $150,000 in total revenue the first year.
Find new and innovative ideas to share with us : Find new and innovative ideas to share with us. Be imaginative and creative in developing your speech. Remember to be objective rather than persuasive.
How quickly should that state machine cycle : How quickly should that state machine cycle through the digits so that the digits don't appear to blink? Research persistence of vision if you need more.
What is the sql query entry for problem : What is the SQL Query Entry for this problem: Sy would like to know which stores have more than one truck.
Make a javafx application : Make a JavaFX application - CircleOverlap.java - that presents 20 circles (use the JavaFX Circle class), each with a random radius and location.

Reviews

Write a Review

Basic Computer Science Questions & Answers

  What competitive strategies is nike pursuing

What competitive strategies is Nike pursuing? How is information technology related to these strategies?

  Describe the concepts of confidentiality

Describe the concepts of confidentiality, integrity, and availability (C-I-A), and explain each of the seven domains of a typical IT infrastructure. Summarize the threat triad, and explain how security personnel can maintain proficiency in the sec..

  Monthly personal transactions

Think of all the daily and monthly personal transactions you have. When was the last time you entered into a contract?

  Most important element to ensuring high availability

Give your opinion on what you believe to be the most important element to ensuring high availability on an enterprise network. Explain your rationale.

  Converting an asciidoc to pdf and html5

Trying to work on Converting an AsciiDoc to PDF and HTML5 using Asciidoctor with the Asciidoctor Gradle plugin. SO I changed the CSS in the code it only updated in the pdf not the HTML5 looking for some help from the experts out there to see if yo..

  Design a customized multiplexer with five 4-bit input buses

Design a customized multiplexer with five 4-bit input buses A, B, C, D, and E. selecting one of the buses to drive a 4-bit output bus T according to Table X6. 77. You may use no more than three MSI and SSI ICs.

  Cqi concepts in your place of employment

Create a 5-8 slide Power Point presentation that describes how you could use CQI Concepts in your place of employment to improve quality. The presentation should be professional and have a cover page and at least one reference. Use the speaker no..

  Why should the project manager have good negotiation skills

How can you ensure that customer expectations are met by your project team? Why should the project manager have good negotiation skills? What should a project manager do in case there are deviations in project execution? Why is rapport building wi..

  Would this be a plausible way of compressing text

With the quality setting at 100, would this be a plausible way of compressing text?

  Application designed to drive a database

Describe the considerations that have to be taken when writing an application designed to drive a database by more than one simultaneous user?

  Discuss all of the applicable employee laws

Scenario: Identify and discuss all of the applicable employee laws and how they apply to  employee situations.

  What are the major types of compassion

What are the major types of compassion? Identify and explain which t) pe is best for compressing an encyclopedia. Identify and explain which type is best for compressing a digital photo of the ocean.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd