James used 250,000 from his savings account that paid an annual ...

[DyllonKazuo]

James used 250,000 from his savings account that paid an annual interest of 15 to purchase a hardware store. After one year, James sold the business for 320,000 . What is his accounting profit?
 a. 320,000
 b. 70,000
 c. 282,500
 d. 32,500

Question 2

A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have earned 250 an hour. The item sells for 15 each. Production occurs seven days a week. If the explicit costs total 150,000 per month, what is her economic profit?
 a. 300,000
 b. 60,000
 c. 450,000
 d. 240,000

[emily12345]

Answer to Question 1

b

Answer to Question 2

d

[DyllonKazuo]

Correct answers!

[emily12345]

Great! Please up vote