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minaebied minaebied
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A year ago
Income Statement

Daisy has a cupcake decorating supply shop, Daisy's Decorating Depot.
Last year, the shop earned $93,000 in total revenue and spent $25,500 on decorating supplies, $1210 on electricity and other operating costs, and rented her store front for $1800 a month. In addition, she paid a total of $1410 on corporate and income taxes.
Before opening the shop, Daisy worked full time (40 hours a week for 52 weeks a year) at a movie theatre that paid $13.00 an hour, but she quit to open the shop.

What was Daisy's accounting profit for last year? Economic profit? Please round your answer to two decimal places.

▸ $43,280.00, $16,240.00

▸ $93,000, $16,240.00

▸ 93,000, $65,960.00

▸ $43,280.00, $65,960.00
Textbook 
Macroeconomics

Macroeconomics


Edition: 3rd
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OmfgtimmyOmfgtimmy
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A year ago
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minaebied Author
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A year ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Liarec
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Yesterday
this is exactly what I needed
aricketts6@
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2 hours ago
Correct Slight Smile TY
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