A entrepreneur is trying to decide whether to open a health, Ask an Expert

Economics

A entrepreneur is trying to decide whether to open a health spa. They currently make $35,000 per year as a weight trainer and will quit their job to open the new spa. If they choose to open the spa, it will cost $200000 per year in rent end other operating expenses.

1. What are the accounting costs?

2. What are the opportunity costs?

c. How much would they need to make in revenues to earn positive accounting profits? Positive economic profits?

View complete question

Business Economics, Economics

Category:- Business Economics
Reference No.:- M91529726

Have any Question?Write your Review or question?

Related Questions in Business Economics

A decision maker has ordered every commodity in walmart

A decision maker has ordered every commodity in Walmart alphabetically according to the commodity's name. Every time when he needs to choose from several commodities, he always choose the second one according to his orde ...

What steps do i take to calculate if a person bought 1

What steps do I take to calculate, If a person bought 1 share of Google stock within the last year, what is the probability that the stock on that day closed at more than $950? Please explain the steps and you can use di ...

Youre trying to find out how many students who graduate

You're trying to find out how many students who graduate with accounting degrees from large universities are employed at graduation. You design an experiment where you collect information on several variables from recent ...

One of the authors received a credit card bill for 3167 and

One of the authors received a credit card bill for 3167 and it included a charge of 1622 that was not valid. Find the values of the absolute amd relative errors.

Why is the term asymmetric information in order to

Why is the term asymmetric information in order to understand why some people are better informed than others, and the imbalance in information affects the choices they make and how they deal with one another?

Determine whether the given value is a statistic or a

Determine whether the given value is a statistic or a parameter. Thirty percent of all dog owners poop scoop after their dog

Betsy ross owns 921 shares in the hanson fabrics company

Betsy Ross owns 921 shares in the Hanson Fabrics Company. There are 16 directors to be elected, and 32,500 shares outstanding. The firm has adopted cumulative voting. a. How many total votes can be cast? (Do not round i ...

Image manufacturing is an electronics manufacturer and

IMAGE Manufacturing is an electronics manufacturer and retailer. Its main products are Ultrabook computers, PCs and calculators. The current price of the Ultrabook is $ 600, the PC is $700 and the calculator is $30. This ...

The question is suppose z sim n01 a find c such that pz le

The question is: Suppose Z ∼ N(0,1). (a) Find c such that P(Z ≤ c) = 0.75. (b) With respect to the standard normal distribution, what would be an appropriate name to call c?

Has a recent drop in airplane passengers resulted in better

Has a recent drop in airplane passengers resulted in better on time performance? Before the recent downturn, one airline bragged that 92% of its flights were on time. A random sample of 165 flights completed this year re ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Business Economics Expert