Julie is the owner$/$operator of a massage parlor in Carmel. Last year she earned $$400,000$ in total revenue. Her explicit costs were $$200,000.$ During the year she received offers to work for other massage parlors. One offer would have paid her $$120,000$ per year and the other would have paid her $$130,000$ per year.

What is Julie's accounting profit?

Answer rating: 100% (QA)

To calculate Julies accounting profit we subtract her explicit c... View the full answer