Engineering, 06.05.2020 15:02 glyptictriton9575
John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business in pizza catering. In order to learn how to run the pizza catering business, John enrolled in a TAFE to acquire catering skills. John’s course was for 3 months. John had to pay $2,000 as tuition for the 3 months.
After the training, John withdrew $110,000 from his savings account. He had been earning 5 percent interest per year for this account. He also borrowed $50,000.00 from his friend whom he pays 6 percent interest per year. Further, to start the business John used his own premises. He was receiving $12,000 from rent per year. Finally, to start the business John uses $50,000 he had been given by his father to go on holiday to USA.
John’s first year of business can be summarised as follows:
Item Amount $
Revenue- Pizza Section 400,000
Revenue- Beverages Section 190,000
2 Cashiers (wages per worker) 55,000
Pizza ingredients 50,000
Manager 75,000
3 Pizza bakers (wages per baker) 60,000
Equipment 10,000
Based on your calculated accounting profit and economic profit, would you advise John to return to his teaching job? Show your work (10 marks)
Answers: 3
Engineering, 04.07.2019 18:10, tobyhollingsworth178
Which from the following instrument is commonly used to detect the high pitch butzing sound in bearings? [clo4] a)-digital ultrasonic meter b)-infrared camera c)-spectroscopic d)-vibrometer
Answers: 2
Engineering, 04.07.2019 18:20, yasyyas646646
Agas mixture consists of 8 kmol of h2 and 2 kmol of n2. determine the mass of each gas and the apparent gas constant of the mixture.
Answers: 3
Engineering, 04.07.2019 18:20, moneywaydaedae
Air is compressed isentropically from an initial state of 300 k and 101 kpa to a final temperature of 1000 k. determine the final pressure using the following approaches: (a) approximate analysis (using properties at the average temperature) (b) exact analysis
Answers: 1
John was a high school teacher earning $ 80,000 per year. He quit his job to start his own business...
History, 20.09.2020 06:01
Physics, 20.09.2020 06:01
Biology, 20.09.2020 06:01
English, 20.09.2020 06:01
Social Studies, 20.09.2020 06:01