![subject](/tpl/images/cats/istoriya.png)
Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000 for his shop, and spends
$24,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could
earn him $7,000 per year if alternatively invested. He has been offered $20,000 per year to work as a potter for a competitor. He
estimates his entrepreneurial talents are worth $4.000 per year. Total annual revenue from pottery sales is $85,000.
a. Calculate the accounting profit for Gomez's pottery firm?
b. Now calculate Gomez's economic profit?
![ansver](/tpl/images/cats/User.png)
Answers: 2
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Other questions on the subject: History
![image](/tpl/images/cats/istoriya.png)
History, 21.06.2019 17:00, Braxtonw875
India's monsoons are seasonal. what does this reveal about the monsoons? a. the monsoons occur on a daily basis. b. the monsoons only occasionally take place. c. the monsoons occur in a regular pattern. d. the monsoons almost never take place..
Answers: 2
![image](/tpl/images/cats/istoriya.png)
![image](/tpl/images/cats/istoriya.png)
History, 22.06.2019 04:30, brandiwingard
The northwest ordinance guaranteed three rights for the settlers of the northwest territory. what were they?
Answers: 1
![image](/tpl/images/cats/istoriya.png)
History, 22.06.2019 09:00, khalfani0268
Why was there conflict in bosnia? a) bosnian serbs opposed independence. b) kosovar albanians had started a rebellion. c) nato forces could not restore order. d) serbia broke its alliance with bosnia.
Answers: 1
You know the right answer?
Gomez runs a small pottery firm. He hires one helper at $18,000 per year, pays annual rent of $8,000...
Questions in other subjects:
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 28.11.2019 10:31
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/health.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/mat.png)
![Konu](/tpl/images/cats/istoriya.png)
History, 28.11.2019 10:31
![Konu](/tpl/images/cats/mat.png)
Mathematics, 28.11.2019 10:31