Sheila\'s Sports Shop is a very popular sporting goods store, which has a yearly

Question

Sheila's Sports Shop is a very popular sporting goods store, which has a yearly revenue of $600,000. Sheila runs the business herself. Her alternative employment options are to be a college swimming coach for $50,000 per year or a construction worker for $40,000 per year. Sheila spends $230,000 purchasing goods for resale to her customers. She also has four employees, who each earn $25,000 per year. Sheila owns the building that her Sports Shop is housed in and she could have rented it out for $20,000 per year. Sheila's costs for resources bought in the market equal

Explanation / Answer

Hi,

Please find the answer as follows:

Cost of Goods Purchased + Employee Cost = 230000 + 25000*4 = 330000

Thanks.

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