Madeline quits her job, at which she was earning $20,000 per year, and takes $50,000 out of savings and uses it to buy inventory for her business. she also pays $10,000 in rent on the building and $15,000 in additional labor costs.

madeline's explicit costs are:

y/n the interest that could have been earned on madeline's savings.
y/n the cost of inventory.
y/n the salary that madeline could have earned.
y/n the cost of additional labor.
y/n the cost of the building.

madeline's implicit costs are:
y/n the salary that madeline could have earned.
y/n the cost of inventory.
y/n the cost of the building.
y/n the cost of additional labor.
y/n the interest that could have been earned on madeline's savings.

He moto hotel opened for business on may 1, 2017. here is its trial balance before adjustment on may 31. moto hotel trial balance may 31, 2017 debit credit cash $ 2,283 supplies 2,600 prepaid insurance 1,800 land 14,783 buildings 72,400 equipment 16,800 accounts payable $ 4,483 unearned rent revenue 3,300 mortgage payable 38,400 common stock 59,783 rent revenue 9,000 salaries and wages expense 3,000 utilities expense 800 advertising expense 500 $114,966 $114,966 other data: 1. insurance expires at the rate of $360 per month. 2. a count of supplies shows $1,050 of unused supplies on may 31. 3. (a) annual depreciation is $2,760 on the building. (b) annual depreciation is $2,160 on equipment. 4. the mortgage interest rate is 5%. (the mortgage was taken out on may 1.) 5. unearned rent of $2,580 has been earned. 6. salaries of $810 are accrued and unpaid at may 31