James used $250,000 from his savings account that paid an annual interest of 15% to purchase a hardware store. After one year, James sold the business for $320,000 . What is his accounting profit?
a. $320,000
b. $70,000
c. $282,500
d. $32,500
b
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The difference between GDP and disposable income is
A) net taxes. B) unplanned investment spending. C) national income. D) actual investment spending.
Vertical integration has no effect on the internal organization of a firm; it only affects the outside markets
a. True b. False
Which is the most accurate statement?
A. The authority to run welfare programs resides mainly in the states. B. The authority to run welfare programs resides mainly in the federal government. C. When the 1996 welfare reform passed, it immediately removed 3 million people from the welfare rolls. D. The welfare reform law of 1996 will virtually abolish welfare by the year 2008.
Which of the following is least likely to affect the net gain to migration?
A. an increase in migration costs B. changing one's preferences for living in different places C. an improvement in economic opportunities in the source state D. an improvement in economic opportunities in the destination state E. a general increase in the national price level