Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in mechanical engineering and could easily go to work for his brother's company earning $ 72000 a year, his true passion is for cheese. Consider the list of Reggie's revenue and expenses from last year. Please use the information provided to answer the questions.
Revenue from 2010 $ 85000
Rent $ 17000
Equipment $ 5000
Supplies $ 3000
What is Reggie's accounting profit?
Answers: 3
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Reggie owns and operates a cheese shop in the village of Somerset. Although Reggie has a degree in m...
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