Question
Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. Kanesha pays $5,000 rent each month, $3,200 for monthly employee
Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. Kanesha pays $5,000 rent each month, $3,200 for monthly employee payroll, and $2,100 for supplies each month. She was planning on selling several of her own tables and chairs on Craigslist for $900, but instead she brought them to The Coffee Cat. Additionally, Kanesha quit working as an accountant where she was earning $54,000 per year to open up the shop. If the shop earns $150,000 in revenue this year, calculate annual:
Instructions:Enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers.Hint: be sure to calculate explicit costsas annual costs.
a. Accounting profits.
$
b. Economic profits.
$
Need help finding accounting and economic profits.
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