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Alia Company LLC, Sharjah has the following details of their business: Sales revenue of AED. 1.2 million AED. 600,000 on labor, AED. 150,000 on manufacturing

Alia Company LLC, Sharjah has the following details of their business: Sales revenue of AED. 1.2 million AED. 600,000 on labor, AED. 150,000 on manufacturing expenses AED. 200,000 on raw materials. AED. 100,000 to Alia as salary The Companys factory sits on land owned by the firm that could be rented out for AED. 30,000 per year. Questions: 1. Calculate Alia Companys accounting profit and comment 2. Calculate Alia Companys economic profit and comment

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