Maury quit his job as an accountant with We Keep Books Accurately to open his own accounting
Question:
a. What was Maury's accounting profit?
b. What was Maury's entrepreneurial profit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (14 reviews)
a Revenues 150000 Expenses ...View the full answer
Answered By
Nyron Beeput
I am an active educator and professional tutor with substantial experience in Biology and General Science. The past two years I have been tutoring online intensively with high school and college students. I have been teaching for four years and this experience has helped me to hone skills such as patience, dedication and flexibility. I work at the pace of my students and ensure that they understand.
My method of using real life examples that my students can relate to has helped them grasp concepts more readily. I also help students learn how to apply their knowledge and they appreciate that very much.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Finance questions
-
Betty has finally returned to her job as an accountant at Blue Chip Enterprises, a small family-run hardware supplies chain, after a five-year extended maternity break. She has returned at an...
-
Mitch travels extensively in his job as an executive vice president of Arthur Consulting Company. During the current year, he used frequent flier miles that he had obtained during his business travel...
-
Terry Downes lost his job as an operations analyst last year in a company downsizing effort. In looking for job opportunities, Terry remembered reading an article in Fortune stating companies were...
-
Segment Analysis Winston Sylvester Corporation is a brokerage and financial service company. The company recently provided information about its major business segments as follows (in millions):...
-
Suppose that the p.d.f. of a random variable X is as follows: Suppose also that for any given value X = x (x >0), the n random variables Y1, . . . , Yn are i.i.d. and the conditional p.d.f. g of each...
-
What molecular mechanisms underlie the process of cellular senescence, and how do they contribute to organismal aging and age-related pathologies ?
-
A faculty member wishes to assess the relationship between students' scores on the Scholastic Aptitude test (SAT) and their performance in college. a. What is a possible research hypothesis in this...
-
Data for Mortin Chip Company and its industry averages follow. a. Calculate the indicated ratios for Morton. b. Construct the extended Du Pont equation for both Morton and the industry. c. Outline...
-
ducksRus sells a duck call having a contribution margin of $5. The president foresees sales up to 100,000 units in the coming period. The company's fixed costs for the period are $275,000. a. What is...
-
Walgreen Company is a well-known drugstore chain. A condensed balance sheet for August 31, 2011, follows ($ in millions): Use a format similar to Exhibit to analyze the following transactions for the...
-
Sam quit a $30,000-a-year job with a local heating and air conditioning firm to go into business for himself. After his first year in business, his accountant showed him an income statement, which...
-
James builds brick walls for custom homes. His annual sales are approximately $300,000, and his net income is $18,000. He has assets of $100,000 invested in this business. Tom sells window shades....
-
Suppose the Japanese yen exchange rate is 105 = $1, and the British pound exchange rate is 1 = $1.34. a. What is the cross-rate in terms of yen per pound? b. Suppose the cross-rate is 136 = 1. Is...
-
Bond A: A 9% bond with a 1,000 par value and coupons payable semi-annually is redeemable at maturity for 1,100. At a purchase price of 1120, the bond yields a nominal annual interest rate of i...
-
Assume a money market with safe and risky borrowers. The MFI's that is ready to lend money does not know who is safe and who is risky. However experience has led the MFI to know that 50% of the...
-
As a graduate from SDD-UBIDS who got employment at Kosmos energy in Accra at the Finance Directorate, the Director of Finance invited you to his office and asked you about the institution you did...
-
What element is one of the components of change management?
-
Which Billing Type requires project level billing set up of an item or schedule according to the contract?
-
Determine the normal force the crate A of mass M exerts on the smooth cart if the cart is given an acceleration a down the plane. Also, what is the acceleration of the crate? Given: M = 10 kg a a = 2...
-
Suppose the concentration of glucose inside a cell is 0.1 mm and the cell is suspended in a glucose solution of 0.01 mm. a. What would be the free energy change involved in transporting 10-o mole of...
-
The CareAssist Company, a Web-based provider of information for the elderly, is planning to sell $4 million in securities. Management is trying to decide which, if any, securities laws must be...
-
Three Rules (504, 505, and 506) under Reg D relate to the (a) Amount of offerings and (b) Number of investors. Match Rules 504, 505, and/or 506 with each of the following: A. $5 million offering...
-
The VirtualStream Company has developed proprietary server and control software for providing communication and media-on-demand services via the Internet. The company is in the process of collecting...
-
1. Consider the following pseudocode. What does it produce? Set a = 0 Set b = 0 Set c = 1 Set d = 1 Report the value of d Repeat until a equals 10 Set d = b + c Set b = c Set c = d Add 1 to a Report...
-
3. It has been observed that a particular plant's growth is directly proportional to time. It measured 2 cm when it arrived at the nursery and 2.5 cm exactly one week later. If the plant continues to...
-
List four equivalent forms for the rational expression. x-2 x+9
Study smarter with the SolutionInn App