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Title: At the end of the first year of operating her new business, Mary’s accountant reported an accounting profit of $150,000.

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Q:

As part of an estate settlement Mary received $1 million. She decided to use the money to purchase a small business in Anywhere, USA. If Mary would have invested the $1 million in a risk-free bond fund she could have made $100,000 each year. She also quit her job with Lucky.Com Inc. to devote all of her time to her new business; her salary at Lucky.Com Inc. was $75,000 per year.

Q: At the end of the first year of operating her new business, Mary’s accountant reported an accounting profit of $150,000. What was Mary’s economic profit?

           a.   $25,000 loss

           b.   $50,000 loss

           c.    $25,000 profit

           d.   $150,000 profit


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Title: At the end of the first year of operating her new business, Mary’s accountant reported an accounting profit of $150,000.

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    • Posted Date: Apr 27, 2012 at 9:20:02 PM

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A:
...sp;        a.   $25,000 loss       &nbs...
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