2- Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. She pays $4,800 rent each m
Posted: Sun Jul 03, 2022 1:01 pm
2- Kanesha is an entrepreneur and has recently opened her first coffee shop, The Coffee Cat. She pays $4,800 rent each month, $3,100 for monthly employee payroll, and $1,800 for supplies each month. She was planning on selling several of her own tables and chairs on Craigslist for $1,100, but instead she brought them to The Coffee Cat. Additionally, she quit working as an accountant where she was earning $61,000 per year to open up the shop. If the shop earns $180,000 in revenue this year, calculate annual: Please enter your responses as a whole number. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. Hint: Be sure to calculate explicit costs as annual costs. a. Accounting profit. I b. Economic profit.