Last year, Jarod left a job that pays $80,000 to run his own bike repair shop. Jarod's shop charges $65 föl a lepail, shop performed 4,000 repairs Jarod's production costs for the year included rent, wages, and equipment Jarod spent $60,000 on rent and $120.000 on wages for his employees Jarod keeps whetever profit the shop earns but does not pay himself an official wage. Jarod used $25,000 of his savings to buy a machine for the business, His savings were earning an annual interest rate of 6 percent Instructions: Enter your answers as a whole number If you are entening any negative numbers be sure to include a negative sign () in front of those numbers a. What is Jarod's annual accounting profit? $0000

Last year, Jarod left a job that pays $80,000 to run his own bike repair shop. Jarod's shop charges $65 föl a lepail, shop performed 4,000 repairs Jarod's production costs for the year included rent, wages, and equipment Jarod spent $60,000 on rent and $120.000 on wages for his employees Jarod keeps whetever profit the shop earns but does not pay himself an official wage. Jarod used $25,000 of his savings to buy a machine for the business, His savings were earning an annual interest rate of 6 percent Instructions: Enter your answers as a whole number If you are entening any negative numbers be sure to include a negative sign () in front of those numbers a. What is Jarod's annual accounting profit? $0000

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter12: The Cost Of Production

Section: Chapter Questions

Problem 5PA

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