Business, 22.07.2019 18:40 brooke0713

Sebastian decides to open a tree farm. when deciding to open his own business, he turned down two separate job offers of $25,000 and $30,000 and withdrew $20,000 from his savings. sebastian’s savings account paid 3 percent interest. he also borrowed $20,000 from his brother, whom he pays 2 percent interest per year. he spent $15,000 to purchase supplies and earned $50,000 in revenue during his first year. which of the following statements is correct? a. sebastian’s economic profit is $16,000, and his accounting profit is $14,600.b. sebastian’s economic profit is $4,600, and his accounting profit is $35,000.c. sebastian’s economic profit is $4,000, and his accounting profit is $34,600.d. sebastian’s economic profit is $16,000, and his accounting profit is $34,600.

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Sebastian decides to open a tree farm. when deciding to open his own business, he turned down two se...

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