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The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $48,000 Annual lease on building = $20.000 Annual revenue from operations - $280,000 Payments to workers = $118,000 Utilities (electricity. water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business - s6.000 Creamy Crisp's economic profit is Multiple Cholce $280,000. $146,000. $134,000. $0.

The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $48,000 Annual lease on building = $20.000 Annual revenue from operations - $280,000 Payments to workers = $118,000 Utilities (electricity. water, disposal) costs = $8,000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000 Entrepreneur's forgone interest on personal funds used to finance the business - s6.000 Creamy Crisp's economic profit is Multiple Cholce $280,000. $146,000. $134,000. $0.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $48,000 Annual lease on building = $20,000 Annual revenue from operations = $280,000 Payments to workers = $118,000 Utilities (electricity, water, disposal) costs = $8.000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80.000 Entrepreneur's forgone interest on personal funds used to finance the business = $6.000 Creamy Crisp's economic profit is Multiple Cholce $280,000. $146,000. $134,000. $0.
Transcribed Image Text:The following is cost information for the Creamy Crisp Donut Company. Entrepreneur's potential earnings as a salaried worker = $48,000 Annual lease on building = $20,000 Annual revenue from operations = $280,000 Payments to workers = $118,000 Utilities (electricity, water, disposal) costs = $8.000 Value of entrepreneur's talent in the next best entrepreneurial activity = $80.000 Entrepreneur's forgone interest on personal funds used to finance the business = $6.000 Creamy Crisp's economic profit is Multiple Cholce $280,000. $146,000. $134,000. $0.
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