b) Calculate Economic profit and Accounting profit from the figures given below for ABC Company....
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Accounting
b) Calculate Economic profit and Accounting profit from the figures given below for ABC Company. (6 marks) Total revenue $600,000 Wages and salaries $500,000 Forgone salary $ 60,000 Interest paid $ 10,000 Forgone rent $ 10,000 Ingredients and materials $ 50,000 Other payments $ 10,000 Forgone interest $ 4,000
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