You have started your own bakery and you are the sole employee. Your total revenue was $100,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a $80,000 a year return. During the year your the costs needed to calculate economic profit were a.60,000 b.80,000 c.140,000 d.100,000 which one?
You have started your own bakery and you are the sole employee. Your total revenue was $100,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a $80,000 a year return. During the year your the costs needed to calculate economic profit were a.60,000 b.80,000 c.140,000 d.100,000 which one?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You have started your own bakery and you are the sole employee. Your total revenue was $100,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a $80,000 a year return. During the year your the costs needed to calculate economic profit were
a.60,000
b.80,000
c.140,000
d.100,000
which one?
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