Refer to Scenario 7.5 below to answer the question(s) that ...

[Mimi]

Question 1

Refer to Scenario 7.5 below to answer the question(s) that follow.



SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.





Refer to Scenario 7.5. Your accounting profit last year was

◦ -$10,000.
◦ $15,000.
◦ $35,000.
◦ $60,000.

Question 2

Refer to Scenario 7.5 below to answer the question(s) that follow.



SCENARIO 7.5: You own and are the only employee of a company that customizes bicycles. Last year your total revenue was $60,000. Your costs for rent and supplies were $25,000. To start this business you invested an amount of your own capital that could pay you a $45,000 a year return.





Refer to Scenario 7.5. Your accounting profit last year was

◦ -$10,000.
◦ $15,000.
◦ $35,000.
◦ $60,000.

[brittanywood]

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Only 49% of students answer this correctly

[Mimi]

Excellent

[raili21]

Thanks for the timely response, appreciate it