Table 7.1 shows revenue and cost information for Sally's small business. Sally owns a small...
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Accounting
Table 7.1 shows revenue and cost information for Sally's small business. Sally owns a small business that she operates in a building she owns. Given the information in the table below, Sally's accounting profit is equal to Table 7.1 Total Revenue $100,000 Assistant's salary $20,000 Material & equipment $15,000 Forgone salary $30,000 Forgone interest: $1,000 Foregone building rental $10,000 $50,000 $65,000 $24,000 $35,000 $80,000
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