As an accountant, your job is to maintain your clients' accounting ledgers. Total Revenues 850,000 Total Costs ($) Wages and Salaries Risk-free return of 5% on owner's capital of $950,000 Interest on bank loan 650,000 47,500 30,000 150,000 10,000 Cost of supplies Depreciation of capital equipment Additional wages the dentist owner could have earned in her next best alternative Risk premium of on the owner's capital of $950,000 One client has submitted the above information to you, but the last line of the table is missing. You know that the firm is currently earning economic profits equal to -$66,000. Your answers should include only numbers. Do not include the $ or the comma (,) in your answer. In total, the firm's explicit costs are equal to $ The missing number that should go in the right column of the last row of the table (below the zero) is $ The firm is currently earning accounting profit equal to $| Include the negative sign if applicable,

As an accountant, your job is to maintain your clients' accounting ledgers. Total Revenues 850,000 Total Costs ($) Wages and Salaries Risk-free return of 5% on owner's capital of $950,000 Interest on bank loan 650,000 47,500 30,000 150,000 10,000 Cost of supplies Depreciation of capital equipment Additional wages the dentist owner could have earned in her next best alternative Risk premium of on the owner's capital of $950,000 One client has submitted the above information to you, but the last line of the table is missing. You know that the firm is currently earning economic profits equal to -$66,000. Your answers should include only numbers. Do not include the $ or the comma (,) in your answer. In total, the firm's explicit costs are equal to $ The missing number that should go in the right column of the last row of the table (below the zero) is $ The firm is currently earning accounting profit equal to $| Include the negative sign if applicable,

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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