Course Solutions Uncategorized (Solved) : John Jones Owns Manages Caf Collegetown Whose Annual Revenue 5 000 Annual Expenses Follows Q33095336 . . . .

(Solved) : John Jones Owns Manages Caf Collegetown Whose Annual Revenue 5 000 Annual Expenses Follows Q33095336 . . . .

 

John Jones owns and manages a café in Collegetown whose annual revenue is $5,000. Annual expenses are as follows: Amount $2,000 500 100 150 500 1,000 Expense Labor Food and drink Electricity Vehicle lease Rent Interest on loan for equipment a. Calculate Johns annual accounting profit. $ 750 。 b. Suppose John could earn $1,000 per year as a recycler of aluminum cans, but he prefers to run the café. In fact, he would be willing to pay up to $275 per year to run the café rather than to recycle. Is the café making an economic profit? Yes 

<div class=

OR

PayPal Gateway not configured

OR

PayPal Gateway not configured

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Post