Severity: Warning
Message: fopen(/home/answnniz/public_html/system/sessions/ci_sessionac645b91aa1b794a80744f3cd24c56ca3602ee85): failed to open stream: Disk quota exceeded
Filename: drivers/Session_files_driver.php
Line Number: 176
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Severity: Warning
Message: session_start(): Failed to read session data: user (path: /home/answnniz/public_html/system/sessions)
Filename: Session/Session.php
Line Number: 143
Backtrace:
File: /home/answnniz/public_html/index.php
Line: 315
Function: require_once
Exercise 8.3 Mary Graham has worked as a real estate agent for Piedmont Properties for 15 years. Her annual income is approximately $100,000 per year. Mary is considering establishing her own real estate agency. She expects to generate revenues during the first year of $2 million. Salaries paid to her employees are expected to total $1.50 million. Operating expenses (e.g., rent, supplies, utility services) are expected to total $250,000. To begin the business, Mary must borrow $300,000 from her bank at an interest rate of 15%. Equipment will cost Mary $50,000. At the end of one year, the value of this equipment will be $30,000, even though the depreciation expense for tax purposes is only $5,000 during the first year. What is the (pre-tax) accounting profit for this venture? $200,000.00 $185,000.00 $100,000 $85,000.00 What is the (pre-tax) economic profit for this venture? $200,000.00 $100,000 $85,000.00 $185,000.00