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What are accounting profits

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Jaynet spends $20,000 per year on painting supplies and storage space. She recently received two job offers from a famous marketing firm-one offer was for $100,000 per year, and the other was for $90,000. However, she turned both jobs down to continue a painting career. If Jaynet sells 20 paintings per year at a price of $10,000 each:

Question a. What are her accounting profits?

Question b. What are her economic profits?

Reference no: EM132529304

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