Ask Question
4 December, 16:38

Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a certified public accountant. He runs his business from his converted garage apartment, which he could rent out for $300 a month if he wasn't using it as a home office. He must purchase office supplies worth $75 a month, and his monthly electricity bill has increased by $50 now that he is working out of his home office. After six months of working from home, Barney has earned an average of $12,000 per month. a. What are Barney's monthly explicit costs? b. What are Barney's monthly implicit costs? c. What are Barney's monthly economic costs?

+1
Answers (1)
  1. 4 December, 19:02
    0
    A. $125

    (Supplies + Electricity)

    B. $10,300

    (Salary lost + Rent amount lost)

    C. $10,425

    (Add them together)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Barney decides to quit his job as a corporate accountant, which pays $10,000 a month, and goes into business for himself as a certified ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers