gkasshy334
06.09.2019 •
Business
Last year christine worked as a consultant. she hired an administrative assistant for $15,000 per year and rented office space (utilities included) for $3,000 per month. her total revenue for the year was $100,000. if christine hadn’t worked as a consultant, she would have worked at a real estate firm earning $40,000 a year. last year, christine's accounting profit was and her economic profit was
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Ответ:
$49,000; $9,000
Explanation:
Given that,
Hired an administrative assistant = $15,000 per year
Rented office space (utilities included) = $3,000 per month
Total revenue for the year = $100,000
She would have worked at a real estate firm earning $40,000 a year
Accounting profit = Total revenue - explicit cost
= 100,000 - (15,000 + 3,000 × 12)
= 100,000 - 51,000
= $49,000
Economic profit = Total revenue - (explicit cost + implicit cost)
= 100,000 - (51,000 + 40,000)
= 100,000 - 91,000
= $9,000
Ответ: