Luciana is the owner of a nail salon.Last year,her total revenue was $145,000,her rent was $12,000,her labor costs were $65,000,and her overhead expenses were $15,000.From this information,we know that her accounting profit was

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Quizplus · Accepted Answer

To calculate accounting profit, we need to subtract all of the explicit costs (such as rent and labor costs) from total revenue. 
Accounting Profit = Total Revenue - Explicit Costs 
Accounting Profit = $145,000 - $12,000 - $65,000 - $15,000 
Accounting Profit = $53,000 
Therefore, Luciana's accounting profit was $53,000.

Luciana Is the Owner of a Nail Salon