Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year
You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your cost for equipment rent and supplies were 60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year.
A yearly normal return for your computer software would be.
a.20,000
b.40,000
c.60,000
d.100,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started