Ruben is an architect and he receives a salary of R20 000 per month. He then decides that he wants to quit his job and p
Posted: Sun Jun 05, 2022 11:58 am
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Ruben is an architect and he receives a salary of R20 000 per month. He then decides that he wants to quit his job and pursue his lifelong dream of opening a coffee shop and bakery. After the first month, total revenue is R56 000 and total cost is R54 000. What type of profit does Ruben make after the first month? He makes an economic profit but he does not make an accounting profit. He makes both an economic profit and an accounting profit. He does not make either an economic or an accounting profit. He does not make an economic profit but he does make an accounting profit.
Please assist on answering the Ruben is an architect and he receives a salary of R20 000 per month. He then decides that he wants to quit his job and pursue his lifelong dream of opening a coffee shop and bakery. After the first month, total revenue is R56 000 and total cost is R54 000. What type of profit does Ruben make after the first month? He makes an economic profit but he does not make an accounting profit. He makes both an economic profit and an accounting profit. He does not make either an economic or an accounting profit. He does not make an economic profit but he does make an accounting profit.