Andreas is a political consultant with his own firm. He travels the country and provides campaign advice for political candidates. Last year, he earned $250,000 in revenue for his services. He pays one employee $50,000 to manage the small office back home and pays $30,000 on rent and utilities for that office. His accountant tells him that if he sold all of the equipment, he could put that money in the bank and earn $3,000 in interest next year. Andreas also has received an offer to teach political science at a college at a salary of $100,000. Andreas's accounting profit is equal to , and his economic profit is equal to .

The management of a private investment club has a fund of $250,000 earmarked for investment in stocks. to arrive at an acceptable overall level of risk, the stocks that management is considering have been classified into three categories: high risk (x), medium risk (y), and low risk (z). management estimates that high risk stocks will have a rate of return of 15%/year; medium risk stocks, 10%/year; and low risk stocks, 6%/year. the amount of money invested in low risk stocks is to be twice the sum of the amount invested in stocks of the other two categories. if the investment goal is to have a rate of return of 9% on the total investment, determine how much the club should invest in each type of stock. (assume that all the money available for investment is invested.)

Prior to its closing, income summary had total debits of $1,190,500 and total credits of $1,476,300. what purpose is served by the income summary account and what is the nature of the entries that resulted in the $1,190,500 and the $1,476,300? the income summary account is used to the accounts. the $1,190,500 represents the , and the $1,476,300 represents . the company had of $ .

In most states, a licensee must provide a(n) of any existing agency relationships to all parties