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Business, 30.08.2019 13:20 gigioschoch

Bob used to earn $40,000 per year in his job as a nurse, but he quit in order to open his own pizza shop. bob used $10,000 from his own savings account and borrowed $200,000 more from his bank. the interest rate is 4%. in bob’s first year of business he earned $80,000 in revenue and the cost of ingredients (flour, tomato sauce, cheese, etc.) was $67,000. for his first year of business, bob’s accounting profit was and his economic profit was

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