Solution-What is explicit cost, She borrowed $1,200 at 10

What is explicit cost

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Entrepreneurs in the hot dog cart business earn $13,000 a year. pays the rent of $2,500 a year, and her total revenue is $25,000 a year. She borrowed $1,200 at 10 percent a year to buy equipment. At the end of one year, Eva was offered $1,100 for her business and all its equipment. What is her explicit cost?

Reference no: EM131437975

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What is explicit cost

Reference no: EM131437975

Reference no: EM131437975

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