Question
William left his job in a reputed accounting firm where he had worked as a senior accountant. He was getting $95000 as yearly salary. After
William left his job in a reputed accounting firm where he had worked as a senior accountant. He was getting $95000 as yearly salary. After establishing William Tool Company, he hired two students who assisted him managing his account books for which they are paid $3250 each per year. Total revenue of the William Tool Company $620000 in first year. The interest forgone for the invested funds was $34000 per year. The material cost was $45000; costs for rented equipment were $32000, salary given to the security man was $21000 and wages given to workers were $155200 in a year. Harry estimated his entrepreneurial talent was worth $19280 per year. He was also offered $22520 per year to train employees in another firm.
Implicitcosts are
A.$170800
B.$107800
C.$95000
D.$107008
William left his job in a reputed accounting firm where he had worked as a senior accountant. He was getting $95000 as yearly salary. After establishing William Tool Company, he hired two students who assisted him managing his account books for which they are paid $3250 each per year. Total revenue of the William Tool Company $620000 in first year. The interest forgone for the invested funds was $34000 per year. The material cost was $45000; costs for rented equipment were $32000, salary given to the security man was $21000 and wages given to workers were $155200 in a year. Harry estimated his entrepreneurial talent was worth $19280 per year. He was also offered $22520 per year to train employees in another firm.
Implicitcosts are
A.$170800
B.$107800
C.$95000
D.$107008
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