1. Beb's Trinity Store's annual income statement for 2019 is shown in the table below. Beb worked full-time in the business and invested Php300,000 to acquire it and stock it with goods. Beb just tumed down a Php250,000-per-year compensated position as the manager of another store. During the year, he did not pay himself a wage. Revenues Costs Sales Php550,000 Wholesale clothing 20,000 Equipment Labor Php300,000 20,000 150,000 10,000 Inventory Adjustment Utlities and insurance Total Revenues Total Costs

1. Beb's Trinity Store's annual income statement for 2019 is shown in the table below. Beb worked full-time in the business and invested Php300,000 to acquire it and stock it with goods. Beb just tumed down a Php250,000-per-year compensated position as the manager of another store. During the year, he did not pay himself a wage. Revenues Costs Sales Php550,000 Wholesale clothing 20,000 Equipment Labor Php300,000 20,000 150,000 10,000 Inventory Adjustment Utlities and insurance Total Revenues Total Costs

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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