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Can I get help with this accounting and economic profit question? we are doing it for practice, but I don't know how to do it.

Can I get help with this accounting and economic profit question? we are doing it for practice, but I don't know how to do it.

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Q: Calculate the projected accounting and economic profit for the this website design company. Start up costs and revenue are provided below. Price $ 4,500 ave/site Quantity 16 annual Equipment $ 20,000 - lasts 4 years Rent $ 1,200 monthly Web $ 150 monthly Hosting Phone $ 125 monthly Advertising $ 100 weekly Insurance $ 1,800 annual Implicit Costs Time/Salary given up - $35,000 annual salary of current job Money - using $20,000 from savings currently earning 5% intere to purchase equipmentImplicit Costs Time/Salary given up - $35,000 annual salary of current job Money - using $20,000 from savings currently earning 5% interest to purchase equipment 1 A * B Provide accounting and economic profit below. You are also welcome to provide revenue, total explicit costs, and total implicit costs for partial marks as well in the event you to not calculate the profits correctly. Revenue - Total Explicit Costs - Accounting Profit - Total Implicit Costs -Implicit Costs Time/Salary given up - $35,000 annual salary of current job Money - using $20,000 from savings currently earning 5% interest to purchase equipment 1 A v B I correctly. Revenue - Total Explicit Costs - Accounting Profit - Total Implicit Costs - Economic Profit

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