Multiple Choice
Junko earns a yearly salary of $130,000 in her job and $1,000 per year in interest on her savings. After she quits her job to start a company, she uses all her savings to purchase manufacturing equipment for her company. Given the above information and the data summarizing her first year in business in the table, how much accounting profit or loss does Junko earn?
A) $19,000
B) $21,000
C) $150,000
D) $171,000
Correct Answer:

Verified
Correct Answer:
Verified
Q52: As output rises, average fixed costs:<br>A)rise.<br>B)fall.<br>C)remain constant.<br>D)fall
Q53: When a product is characterized by network
Q54: Why do average variable costs eventually rise
Q55: Nikos' lawn-mowing service is a profit-maximizing, competitive
Q56: How do a company's accounting profit and
Q58: How long does it take for a
Q59: If your company has losses, then its:<br>A)average
Q60: Which of the following is FALSE?<br>A)If an
Q61: Ever since Giselle's company developed its new
Q62: How does a business owner know if