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21 AaBbCcDc AaBbCCD AaBbCcD( II Normal AaBbCcD( Spoc. 11 AaBbC Heuhng 1 Paragraph AaBbCcJ Heading 2 Style 14 , 15 13. Different between Accounting and

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AaBbCcD( II Normal AaBbCcD( Spoc. 11 AaBbC Heuhng 1 Paragraph AaBbCcJ Heading 2 Style 14 , 15 13. Different between Accounting and Economic Profit. Use the data below to prepare a Statement of Accounting profit vs. Economic profit. [Use a blank page to writyour answer14 marks i. ii. iii. 51 Total Revenue Explicit Costs: wages and salaries raw materials interest on loan other payments Implicit Costs: foregone salary foregone rent foregone interest 500000 400000 50000 10000 10000 70000 10000 sooo

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