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4. Consider the following business. Mohamed currently works at a university where he makes 53800t'month. He is creating a business plan he wants to open
4. Consider the following business. Mohamed currently works at a university where he makes 53800t'month. He is creating a business plan he wants to open a high-end restaurant. Mohammed's business plan predicts he will sell 1000 meals! month at $20fmeal. His costs are: Rent: $5000, Utilities and Insurance: $1000= Labor: $6000. He knows that to start he would have to ask his family and friends for a loan which would mean they would lose $3000 in interest income. a. Calculate his Accounting prot. Please write out all formulas and equations all numbers. b, Calculate his Economic prot. Please write out all formulas and equations all numbers. Remember an answer appearing from nowhere will not get you an),r credit. : )
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