You are considering quitting your job where you earn $3,200 per month and opening a new business. the cost of renting an office is $2,100 per month, hiring employees would cost $3,100 per month, and utilities would cost $100 per month. the new business will earn a total revenue of $6,500 per month. what is your economic profit?

Cash flows during the first year of operations for the harman-kardon consulting company were as follows: cash collected from customers, $360,000; cash paid for rent, $44,000; cash paid to employees for services rendered during the year, $124,000; cash paid for utilities, $54,000.in addition, you determine that customers owed the company $64,000 at the end of the year and no bad debts were anticipated. also, the company owed the gas and electric company $2,400 at year-end, and the rent payment was for a two-year period. calculate accrual net income for the year.