Business, 04.05.2021 17:30 zoebtharpe
Jacques lives in Chicago and runs a business that sells pianos. In an average year, he receives $701,000 from selling pianos. Of this sales revenue, he must pay the manufacturer a wholesale cost of $420,000; he also pays wages and utility bills totaling $247,000. He owns his showroom; if he chooses to rent it out, he will receive $9,000 in rent per year. Assume that the value of this showroom does not depreciate over the year. Also, if Jacques does not operate this piano business, he can work as a financial advisor, receive an annual salary of $32,000 with no additional monetary costs, and rent out his showroom at the $9,000 per year rate. No other costs are incurred in running this piano business.
What are Raphael's explicit costs of selling pianos?
1) The salary Raphael could earn if he worked in an accounting firm.
2) The wages and utilty bills that Raphael pays.
3) The wholesale cost for pianos that Raphael pays the manufacturer.
4) The rental income Raphael could receive per year if he chose to rent his showroom out.
Answers: 3
Business, 23.06.2019 10:00, dani595
Bagwell's net income for the year ended december 31, year 2 was $189,000. information from bagwell's comparative balance sheets is given below. compute the cash received from the sale of its common stock during year 2. at december 31 year 2 year 1 common stock, $5 par value $ 504,000 $ 453,600 paid-in capital in excess of par 952,000 856,600 retained earnings 692,000 585,600
Answers: 3
Business, 23.06.2019 13:30, mrashrafkotkaat
the social-cultural environment a firm operates in is constantly changing, and having a significant impact on marketing strategies. the change is so rapid and immense that some firms have created a new position in the organization to handle this change. which title best describes the new position described in the scenario?
Answers: 3
Business, 23.06.2019 21:00, derpmuffin47
Sarah, a self-employed blogger, has adjusted gross earnings of $45,162 this year. find the amount of social security and medicare taxes paid by sarah.
Answers: 2
Jacques lives in Chicago and runs a business that sells pianos. In an average year, he receives $701...
Mathematics, 31.08.2019 23:30
Geography, 31.08.2019 23:30
Mathematics, 31.08.2019 23:30
Mathematics, 31.08.2019 23:30