Use the following information to calculate accounting profit and economic profit.
Sales $100
Employee expenses $40
Inventory expenses $20
Value of owner's labor in any other enterprise $40
General Barclays Bank Microsoft
Motors
Sales $50,091 $5,730 $2,750
Wages and
salaries $29,052 $3,932 $ 400
Cost of capital $12,100 $ 750 $ 35
Interest on debt $ 7,585 $ 275 $ 5
Cost of materials $ 6,500 $ 556 $1,650