Purchase Solution

You are currently running your own small business with annua

Not what you're looking for?

Ask Custom Question

You are currently running your own small business with annual revenue of $150k and accountant costs of $60k. If you close your business, you could sell your computer and other equipment for $2k and make a 10% annual interest on it.

Purchase this Solution

Solution Summary

You are currently running your own small business with annual revenue of $150k and accountant costs of $60k. If you close your business, you could sell your computer and other equipment for $2k and make a 10% annual interest on it.

Solution Preview

You have revenue of 150,000 - 60,000 = 90,000 + 2000 = 92,000 + (92000 * 10%) = 9200
= 92000 + 9200 = 101200 for the first year.

Subsequent years = 80,000 per year salary.

If you remain in business, your annual income is 150000 - 60000 = 90000, but a salaried position is offering you 80,000. The option for greater ...

Purchase this Solution


Free BrainMass Quizzes
Pricing Strategies

Discussion about various pricing techniques of profit-seeking firms.

Economics, Basic Concepts, Demand-Supply-Equilibrium

The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.

Basics of Economics

Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.

Elementary Microeconomics

This quiz reviews the basic concept of supply and demand analysis.

Economic Issues and Concepts

This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.