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Question 4 2 pts Golda quit her job as a manager earning $45,000 per year to start her own hair dressing salon, GoldaLocks. She operates

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Question 4 2 pts Golda quit her job as a manager earning $45,000 per year to start her own hair dressing salon, GoldaLocks. She operates her salon out of a small building she owns which, until she started her own business, she had rented out for $10,000 per year. She also invested her savings of $20,000, which was earning a market interest rate of 5% per year, and borrowed $10,000 from a close friend, agreeing to pay 5% interest per year. You are given the following information about the rst year of her operations. First Year of Operations Information Item Amount Total revenue $100,000 Cost of labor 40,000 Cost of materials (hair products, 5,000 etc.) Equipment rental for chairs 2,000 a. Golda's economic costs for the rst year are $ b. Golda's accounting costs for the rst year are $

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