Question: a ) In 2 0 2 3 , you decided to quit your job at the Bank of Canada and started your own bakery. The
a In you decided to quit your job at the Bank of Canada and started your own bakery. The revenue from your bakery in was $after tax You paid $ for the capital you used, and you were the only employee. Your aftertax salary from the Bank of Canada would have been $ Which of the following is CORRECT? a Your accounting profit was $ and you made no economic profit. b Your accounting and economic profits were $ c Your economic profit was $ and you made no accounting profit. d You made no accounting or economic profits.
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