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Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. She pays $5,000 rent each month, $3,200 for monthly employee

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Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. She pays $5,000 rent each month, $3,200 for monthly employee payroll, and $2100 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, she quit working as an accountant where she was earning $54,000 per year to open up the shop. If the shop earns $180,000 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 costs as annual costs. a. Accounting profit. $ 48,000 b. Economic profit. $

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