Zach took $400,000 out of the bank and used it to start his new cookie business. the bank account pays 3 percent interest per year. during the first year of his business, zach sold 6,000 boxes of cookies for $2.50 per box. also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000.

Zach's accounting profit for the year was $6,000.

His economic profit was -$6000

Step-by-step explanation:

Consider the provided information.

During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box.

Therefore the total revenue is

Also, during the first year, the cookie business incurred costs that required outlays of money amounting to $9,000.

Accounting profit = total revenue-explicit costs

                            = $15,000-$9,000 = $6,000

Hence, Zach's accounting profit for the year was $6,000.

Zach took $400,000 out of the bank and bank account pays 3 percent interest per year.

Economic profit = accounting profit-interest on capital invested

                          = $6000-$12000  = -$6000

Hence, his economic profit was -$6000

A : False

B : False

Step-by-step explanation:

A : The mode of a data set is whichever number comes up the most.

8 comes up the most times, so 8 is the mode.

B : The median is a number which is in the middle of a data set

This is the data set as a list of numbers :

2, 5, 5, 5, 6, 6, 8, 8, 8, 8

the two sixes are in the middle, if there are 2 numbers in the middle, add them together and divide by two,

6 + 6 = 12

12 / 2 = 6

6 is the median.