What is his economic profit

Assignment Help Business Economics

Reference no: EM13158844

Mike Roe has a business with $58,000 revenue a year, while his expenses run $31,000 a year. Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit?

Reference no: EM13158844

Questions Cloud

What happens to dna : What happens to DNA, both single and double stranded, when it is treated with a concentrated base such as 1M NaOH and then centrifuged?

Calculate the ratio of the potential energies : Calculate the ratio of the potential energies for the interaction of a water molecule with an Al3+ ion (of radius 53 pm) and with a Be2+ ion (of radius 27 pm).

Determine the amount over or under budget : Determine the amount that the South Region's costs were over or under budget.

Differentiate cardiac, smooth and striated muscles : Differentiate cardiac, smooth, and striated muscles by naming the different motor proteins found in each type of muscle.

What is his economic profit : Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit?

What will the cell potential be : The value of Eo for the following reaction is 0.63V. What will the cell potential be when the [Zn2+] = 0.00020M and the [Pb2+] = 1.0M? Pb2+(aq) + Zn(s) --> Pb(s) + Zn2+(aq)

Presence of the stroke : Describe how the presence of the stroke might affect routine measurements and observations of each body system

How transcription would be initiated at the gene : Members of the genus Mycoplasma stain Gram negative although the taxonomically grouped with Gram positive bacteria. The organism Deincoccous radiodurans grouped with the Gram negative alpha-Proteobacteria, yet it typically stains Gram positive.

Individual tax return under given assumptions : Emu Company which was formed in 2010, had an operating income of $200,000 and operating expenses of $120,0000 in 2010. In addition, Emu had a long-term capital loss of $10,000. How does Andrew, the owner of Emu Company, report this information on ..

User Account

All Pages