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You run a small consulting business, Readyware Solutions, out of your home. During 2 0 2 4 , the business s total revenue was $
You run a small consulting business, Readyware Solutions, out of your home. During the businesss total revenue was $ wages for a parttime computer programmer were $ costs for business supplies were $ depreciation charges on office furniture and computer supplies were $ and interest payments on a bank loan were $a Create an income statement for Readyware Solutions for and calculate the businesss annual accounting profit. Annual accounting profit $b Readyware Solutions has two implicit costsa normal profit of $ and wages to yourself of $ How can the businesss annual economic profit be derived from its accounting profit?The businesss annual economic profit of $is found by deducting total implicit costs of $from the accounting profit of $
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