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Megan used to work at the local pizzeria for $30,000 per year but quit in order to start her own deli. Last year, she
Megan used to work at the local pizzeria for $30,000 per year but quit in order to start her own deli. Last year, she paid $6,000 rent each month, $5,500 for employee payroll each month, and $1,500 for supplies each month. She was planning on selling $3,250 worth of furniture but ended up bringing the furniture to her new deli. She had total revenue of $200,000. She asked an accountant and an economist to calculate her annual profit. Accountant says profit is $156,000, and economist says her profit is $189,250. O Accountant says profit is $187,000, and economist says her profit is $153,750. Accountant says profit is $10,750, and economist says her profit is $44,000. Accountant says profit is $44,000, and economist says her profit is $10,750.
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