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2. Based on the information below, (A) calculate the accounting profit, (B) the economic profit, and (C) explain if this enterprise was worth the
2. Based on the information below, (A) calculate the accounting profit, (B) the economic profit, and (C) explain if this enterprise was worth the endeavor for the investor/business person. Total Revenue: $225,000 Lost salary from previous job: $100,000 Material purchases: $40,000 $100,000 Loan to business using owner's funds that would yield 12% Insurance payments: $10,000 Use of owners' warehouse that would yield $25,000 in rent Business salaries and wages: $40,000
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