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Business, 27.06.2019 11:30 ACE7RITZ

Samantha has been working for a law firm and earning an annual salary of $80,000. she decides to open her own practice. her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500. 1) what is samantha's annual implicit cost? 2) what is samantha's annual accounting cost? 3) what is samantha's annual economic cost? 4) according to samantha's accountant, how much revenue totals will yield her business $50,000 in accounting profits? 5) according to an economist, how much revenue totals will yield her business $50,000 in economic profits?

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