Some the expense of newly started "Warfaa" business are given below. if they are pre- startup expenses I will mark (v) and if not mark (x ) in the given box NO EXPENSE V /X 1 Paid $ 2,500 to ABC Company for the market survey Bought a furniture to the office for $ 6,000 3 Paid $ 1,500 for the relevant authority council for licenses

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQP
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Some the expense of newly started "Warfaa" business are given below . if they are pre-
startup expenses I will mark (v) and if not mark (x ) in the given box
NO
EXPENSE
V /X
1
Paid $ 2,500 to ABC Company for the market survey
Bought a furniture to the office for $ 6,000
3
Paid $ 1,500 for the relevant authority council for licenses
4
Paid $ 3,000 to clean the building
Paid $ 1,000 for premises to get the electricity supply
Paid $ 4,000 for charge to lay cables for computer network
7
Bought 10 computers for $ 40,000
Paid $ 4,000 for the preparation of business plan
9.
Expenses for entertainment on the starting day of the business $ 3,000
10
Expenses for exchanging information with the suppliers $ 1,000
Transcribed Image Text:Some the expense of newly started "Warfaa" business are given below . if they are pre- startup expenses I will mark (v) and if not mark (x ) in the given box NO EXPENSE V /X 1 Paid $ 2,500 to ABC Company for the market survey Bought a furniture to the office for $ 6,000 3 Paid $ 1,500 for the relevant authority council for licenses 4 Paid $ 3,000 to clean the building Paid $ 1,000 for premises to get the electricity supply Paid $ 4,000 for charge to lay cables for computer network 7 Bought 10 computers for $ 40,000 Paid $ 4,000 for the preparation of business plan 9. Expenses for entertainment on the starting day of the business $ 3,000 10 Expenses for exchanging information with the suppliers $ 1,000
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