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Business, 18.12.2019 01:31 frisha

Arnold quits his $85,000/year job to start a business. the first year his revenues are $385,000, his expenses include; salaries of $200,000 ($100,000 for himself), rent of $35,000, marketing of $50,000, contract costs of $80,000 and supplies of $20,000. he invested $100,000 in the business with a nror of 5%.

what is his accounting and economic profit? question 15 options:

a) 0,$10,000
b) 0,-$85,
c) $-5,000,$15,000
d) $0, $15,000

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Answers: 2

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