Walter used to work as a high school teacher for $40,000 per year but quit in order to start his own painting business. to invest in his painting business, he withdrew $20,000 from his savings, which paid 3 percent interest, and borrowed $30,000 from his uncle, whom he pays 3 percent interest per year. last year walter paid $25,000 for supplies and had revenue of $60,000. walter asked tyler the accountant and greg the economist to calculate his painting business's profit.

a. tyler says his profit is $34,100, and greg says his profit is $34,100.

b. tyler says his profit is $25,900, and greg says his profit is $66,500.

c. tyler says his profit is $35,000, and greg says he lost $5,900.

d. tyler says his profit is $34,100, and greg says he lost $6,500.

D) tyler says his profit is $34,100, and greg says he lost $6,500.

Explanation:

Walter's accounting profit = total revenues - total accounting costs = $60,000 - $25,000 - ($30,000 x 3%) = $60,000 - $25,000 - $900 = $34,100

Walter's economic profit = accounting profit - opportunity costs

opportunity costs are the money lost for choosing one investment over another

Walter's opportunity costs = ($20,000 x 3%) + $40,000 = $600 + $40,000 = $40,600

Walter's economic profit = $34,100 - $40,600 = -$6,500

administrative jobs normally have someone answering phone calls and scheduling appointments, filing patient or customer information, making sure the front of the office looks nice to those who enter the building. administrative jobs can also include making sure the manager has everything they need for meetings, making delivers and much more. administrative jobs are important to most businesses as are customer service focused as they are often one of the first impressions a consumer sees of a business.

answerup to (3) three years;