Stanley receives his degree from OCC. Stanley leaves his job at Trump Organization, paying him $100,000 a year. Stanley uses his life saving of $250,000 that he had deposited at Wells Fargo at an annual rate of 5% to start his own clean-energy company. Stanley’s first year revenue and expenses are as follow, Rent $23,000 Salary 57,000 Utility 22,000 Others 13,000 _________ Total 115,000 _________ Revenue for the year $180,000 11. Stanley’s explicit costs for the year is Group of answer choices $215,000 $112,500 $180,000 $216,250 $115,000

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Stanley’s explicit costs for the year is $115,000.

Using this formula

Explicit costs=Rent+ Salary+ Utility+ Others

Where:

Rent=$23,000

Salary=$57,000

Utility=$22,000

Others=$13,000

Let plug in the formula

Explicit costs= $23,000+$57,000+$22,000+$13,000

Explicit costs=$115,000

Inconclusion Stanley’s explicit costs for the year is $115,000.

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