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V125BC [204]
2 years ago
13

Joe quit his job as a salesman where he made $35,000 per year to start his own t-shirt making business. his business expenses ar

e $6,000 per year on rent, $12,000 per year on supplies, and $4,000 per year on part time help. as for his personal expenses, his apartment costs him $4,800 per year and his personal bills are an extra $1,200 per year. what is joe's opportunity cost of running the business
Business
1 answer:
Serjik [45]2 years ago
7 0
$28,000 a year with his personal expenses
$18,000 a year without personal expenses


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The cost of goods sold that would be reported on the incoem statement is $70000

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