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26 June, 15:58

Until recently Rosemarie worked as an accountant, earning $30,000 annually. Then she inherited a piece of commercial real estate that had been renting for $12,000 annually. Rosemarie decided to leave her job and operate a Peruvian Restaurant in the space she inherited. At the end of the first year, her books showed total revenues of $260,000 and total cost of $230,000 for food, utilities, cooks, and other supplies. Her economic profit at the end of one year is.

a. $230,000

b. 30,000

c.$0

d. $-12,000

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Answers (1)
  1. 26 June, 19:18
    0
    b. 30,000

    Explanation:

    In total she made 260,000 and all the cost added up to 230,000
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