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{"ops":[{"insert":"Mr. GIRUM opened a cafeteria called \u201cETHIO caf\u00e9\u201d in Harar town on may1,"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"2022. The costs he incurred during one month of its operation are the following;"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"Purchased boiling machine for 10,000 birr, Paid wage for waitresses(workers)"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"amounting 2000 birr, Bought working materials for 5000 birr, Paid a rent on cafe\u2019s"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"house amounting 2000 for the month. The chairs and tables used in the cafeteria are"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"previously owned by Mr. Girum and the current market price for this furniture is"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"estimated to be 3000 birr. The owner is running the business as a manager, but other"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"cafeteria owners have been asking Mr. Girum to manage their cafe paying him 3000"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"monthly salary. The total income the caf\u00e9 generated during the month is 35,000 birr."},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"Then calculate"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"a. Accounting cost"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"b. Economic cost"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"c. Accounting profit"},{"insert":"\n"},{"insert":""},{"insert":"\n"},{"insert":"d. Economic profit\u0000"},{"insert":"\n"}]}

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