Answer: $4,000
Explanation: Economic profit can be defined as the difference between the total revenues generated from operations and cost incurred plus any opportunity cost taken.
Opportunity cost is the cost of next best alternative foregone, that is loss of profits that occurred due to choosing one alternative over other. In the given case loss of interest and loss of highest salary are opportunity cost for Jacqui .
Hence,
economic profit = revenues - (interest + salary)
= $50,000 - ($1000 + $45,000)
= $4,000
Answer:
Making sure that Shelia understands the economic need for laying-off staff.
Explanation:
Lay-offs and the communication associated with it is never a pleasant topic for the employee who is getting laid-off, but also for the person who is in charge of delivering the message.
The key takeaway when communicating things related to lay-offs is the distinction between <em>lay-offs</em> and <em>employee firing due to bad performance</em>. Lay-offs are never the result of an individual's bad performance or mistakes regarding work, instead, they are always related to business issues, such as mandatory downsizing. All in all, lay-offs are always about <em>economic issues </em>regarding the business.
That's why it is irrelevant to talk about personal traits and the lay-off process since it is not the employee's fault.
What’s a EQR? And what grade are you in cuz like idk what that is ;w ; sorry
Answer:
The correct word for the blank space is: 16.
Explanation:
Percentages represent part of a number. The result could be higher or lower than the original number. Percentages are calculated by multiplying the original number for the amount of the percentage desired and dividing that preliminary result by one hundred (100).
Thus, in the example:
Sales closed per day = (Sale opportunities) x (percentage of sales closed)
Sales closed per day = 26 x 64%
Sales closed per day = 26 x (64/100)
Sales closed per day = 16,64
As sales cannot be fractioned, the sales closed per day are 16.
Answer:
Include all income; deduct no expenses
Explanation:
The Tax Cuts and Jobs Act changed the way hobby expenses and income is taxed. Since 2019, any income generated by a hobby is taxed as ordinary income (not subject to self employment taxes) but any expenses related to your hobbies are not deductible any more. Until 2018, you could deduct hobby expenses as long as they were above 2% of your gross income and they didn't hobby income.
