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Yesterday, 12:18

Jaynet spends $25,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm - one offer was for $105,000 per year, and the other was for $85,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 30 paintings per year at a price of $9,000 each: a. What are her accounting profits?

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  1. Yesterday, 13:44
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    Answer: $245,000

    Explanation:

    Given that,

    Spend on painting supplies and storage space = $25,000

    One offer = $105,000 per year

    Other offer = $85,000

    Jaynet sells 30 paintings per year at a price of $9,000 then,

    Accounting profits = No. of paintings sold * Price of each painting - cost of painting

    = 30 * $9,000 - $25,000

    = $270,000 - $25,000

    = $245,000
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