Answered

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If Romeo's Racket Ball business has sales for the month of 10,000 racketballs and a racketball sells for $15, what are Romeo's accounting profits for the month given the explicit costs below?
a. Rent = $10,000
b. Utilities = $1,000
c. Labor costs = $2.50 per racketball
d. Material costs = $2.50 per racketball
e. Executive salaries = $39,000

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