SOLUTION: Nathan, who has been working for a consulting firm, is thinking of starting his own consulting company. He has determined that based on how much business he would likely be doing,
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Question 749190: Nathan, who has been working for a consulting firm, is thinking of starting his own consulting company. He has determined that based on how much business he would likely be doing, his yearly costs would be $50,000 for rent on the office building $180,000 for employee wages and salaries, and $8,000 for materials and utilities.
In addition, in order to start the business, he would have to invest $100,000 of his own funds. He plans to manage the business, which would require him to quit his job at the consulting firm, where he currently earns $60,000 a year.
Finally, the interest rate or rate of return of investments in the economy is 6%.
If Nathan starts his business, his total implicit cost would be?
If nathan starts his business, his total cost (TC) per year would be?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
If you provide the formulas in the proper context, then your problem is an arithmetic problem. If you don't provide the formulas, this is a business finance question. Either way, this is an algebra site. In other words, you are in the wrong place.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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