Question
Ms. Eliza-Jane Liz Charity Cow, a citizen of the Republic of Cow and an executive with the Cow City government quit her $120,000 per year
Ms. Eliza-Jane "Liz" Charity Cow, a citizen of the Republic of Cow and an executive with the Cow City government quit her $120,000 per year job in 2018 to start her own business, Weekends Off Enterprises, LLC. She now owns and operates a gourmet restaurant, a sporting goods store, a women's specialty wear boutique, and a car dealership on Daughters of the 1789 Cow Revolution Boulevard in Cow City. These businesses are collectively known as Weekends Off Enterprises, Inc. The gourmet restaurant, the boutique, and the sporting goods store are housed in a commercial building, which she inherited from her great-grandmother, the legendary Cow film and opera star, Dame Elizabeth "Eli" Cow, OCE. Part of her inheritance, $12,820,000, was used to purchase equipment for the eatery, the boutique, and the sporting goods store. Before she inherited the building, it had been rented to Goat Herders, LLC, for $65,000 per month. Last year (2019), Weekends Off Enterprises, Inc. had total revenues of $18,500,000; supplies and employees received $8,500,000. Total depreciation expenditures for 2011 were $420,000. Weekends Off Enterprises, Inc. spent $4,500,000 on advertising. Assume a market interest rate of 10 percent.
Answer the following questions: (1) What were Weekends Off Enterprises, Inc.'s total explicit costs in 2019? (2) What were Weekends Off Enterprises, Inc.'s total implicit costs in 2019? (3) What were Weekends Off Enterprises, Inc.'s total costs in 2019? (4) What was Weekends Off Enterprises, Inc.'s economic profit (e) in 2019? (5) What was Weekends Off Enterprises, Inc.'s accounting profit (a) in 2019? Do not just provide answers. Show your work and arrange your answered in a professional and clear manner
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