Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pays 3% interest per year. During the first year of her business, Adriana sold 2,000 cups of coffee for $2.50 per cup and 4,000 hours of Internet time, also at $2.50 per hour. During the first year, the business made monetary outlays of $9,000. You may assume that there is no opportunity cost to Ariana's time. Ariana's accounting profit for the year was
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Home » Business » Ariana withdrew $400,000 out of her personal savings account and used it to start her new Internet cafe. The savings account pays 3% interest per year. During the first year of her business, Adriana sold 2,000 cups of coffee for $2.