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Author Question: April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She ... (Read 95 times)

asmith134

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April quit her job as an accountant at Ernst and Young, where she was paid $45,000 per year. She started her own landscaping business. She rents machines and tools for $50,000 and pays $10,000 as wages to her help. These are her only costs. April earned total revenue of $100,000.
◦ Her accountant calculates her profit as $40,000.
◦ She has an economic loss.
◦ Her explicit cost is $105,000.
◦ Both answers Her accountant calculates her profit as $40,000 and She has an economic loss are correct.
◦ Both answers Her accountant calculates her profit as $40,000 and Her explicit cost is $105,000 are correct.


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Marked as best answer by asmith134 on May 24, 2019

nguyenhoanhat

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