Jack owns and manage a restaurant in the city. To run the restaurant he has to pay monthly rent on the facility of $4,000. He also has to hire staff, cooks and workers which costs him an additional $2,000 every month. He earns revenues of $16,000 every month on his restaurant. Instead of running the restaurant, Jack could have found employment elsewhere in the city for a salary of $8,000 a month.
WHAT IS JACK'S ACCOUNTING PROFIT FROM THE RESTAURANT?
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a
$14,000
b
$10,000
c
$2,000
d
$8,000