Multiple Choice
Chris was the business manager for a real estate firm earning an annual salary of $40,000.Then Chris decided to become a consultant.Chris hired an administrative assistant at $15,000 per year and rents office space (utilities included) for $3,000 per month.Chris earned $100,000 in total revenue the first year as a consultant.
In order for Chris to earn normal profit,accounting profit would have to be _______.
A) $51,000
B) $40,000
C) 0
D) $9,000
Correct Answer:
Verified
Correct Answer:
Verified
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