Refer to Scenario 7.1 below to answer the question(s) that ...

[cherise1989]

Thanks

[Awesome]

Welcome

[gonzo233]

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. Your accounting profit last year was

◦ $10,000.
◦ $30,000.
◦ $50,000.
◦ $60,000.

[meganlapinski]

$30,000.

[Engineer]

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. Your accounting profit last year was

◦ $10,000.
◦ $30,000.
◦ $50,000.
◦ $60,000.

[frankwu0507]

$30,000.

[Engineer]

TY

[frankwu0507]

You're welcome

[olgavictoria]

Refer to Scenario 7.1 below to answer the question(s) that follow. 

SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year. 





Refer to Scenario 7.1. Your economic profit last year was

◦ -$40,000.
◦ -$10,000.
◦ $10,000.
◦ $30,000.

[joshbk44]

-$10,000.