Business: Until recently you worked as an accountant earning $30,000 annually. then you inherited a piece of commercial real estate bringing in $12,000 rent annually. you decided to leave your job and operate a video rental store in the office space you inherited. at the end of the first year, your books showed total revenues of $60,000 and total costs of $30,000 for video purchases, utilities, taxes, and supplies. what is the total cost of operating the video store? a. $60,000 b. $42,000 c. $30,000 d. none

I ll take some free points.Explanation:...

Until recently you worked as an accountant earning - id1745700, dlatricewilcoxp0tsdw

chasadyyy

30.12.2021

Option (c) is correct.

Explanation:

Correct option : $30000

Given that,

Earned as an accountant = $30000

Rent from real estate = $12,000

Video rental store showed total revenue = $60,000

Total costs = $30,000

Opportunity cost of previous job = $30000

Net revenue = Total revenue - Earned as an accountant

= 60000 - 30000

= $30,000

Therefore, our previous salary is same as this net revenue.

So, the only cost of operating the video store is $30000.

0,0(0 оценок)