Last year Chloe quit her $60,000 per year job as a web-page

Last year Chloe quit her $60,000 per year job as a web-page designer for a leading computer software company to buy a small hotel on Saranac Lake. The purchase price of the hotel was $300,000, which she nanced by selling a tax-free municipal bond that earned 5.5% per year. Chloes total operating expenses and revenues were $100,000 and $200,000, respectively.

a. Calculate Chloes accounting prot.

b. Calculate Chloes economic prot.

Last year Chloe quit her $60,000 per year job as a web-page designer for a leading computer software company to buy a small hotel on Saranac Lake. The purchase price of the hotel was $300,000, which she nanced by selling a tax-free municipal bond that earned 5.5% per year. Chloes total operating expenses and revenues were $100,000 and $200,000, respectively.

a. Calculate Chloes accounting prot.

b. Calculate Chloes economic prot.

for a leading computer software company to buy a small hotel on Saranac Lake. The purchase price of the hotel was $300,000, which she nanced by selling a tax-free municipal bond that earned 5.5% per year. Chloes total operating expenses and revenues were $100,000 and $200,000, respectively.

a. Calculate Chloes accounting prot.

b. Calculate Chloes economic prot.