Malia earns a yearly salary of $130,000 in her job and earns $1,000 per year in interest on her savings. After she quits her job to start a company, she uses all her savings to purchase manufacturing equipment for her company. Given the above information and the data summarizing her first year in business in the table, how much economic profit or loss does Malia earn?
$${ \text { Table } } \
\begin{array} { | l | l | }
\hline \text { Total revenue } & \text { Bills paid } \
\hline \$ 350,000 & \$ 200,000 \
\hline
\end{array}$$

Question

Malia earns a yearly salary of $130,000 in her job and earns $1,000 per year in interest on her savings. After she quits her job to start a company, she uses all her savings to purchase manufacturing equipment for her company. Given the above information and the data summarizing her first year in business in the table, how much economic profit or loss does Malia earn?
$${ \text { Table } } \
\begin{array} { | l | l | } 
\hline \text { Total revenue } & \text { Bills paid } \
\hline \$ 350,000 & \$ 200,000 \
\hline
\end{array}$$

Quizplus · Accepted Answer

The Answer is A

Malia Earns a Yearly Salary of $130,000 in Her Job