Consider the following information about a mobile car wash business Joel opened last year: Price = $20 per unit Quantity sold = 39,196 Implicit cost = $61,977 Average material cost = $9 per unit Assuming that all relevant costs and revenue are noted, what was Joel's accounting profit?

Answer rating: 100% (QA)

1 Total Revenue Calculation Joels mobile car wash business sells its services at a price of 20 per u... View the full answer