Andrew left his role as an economist at the U. S Postal Service where he made $170,000 per year to start his own private economic consulting company. During his first year of private consulting, he made $35,000 in economic profit. If Andrew's clients paid him a total of $400,000 for his consulting services, then what must Andrew's accounting profit be?

Andrew's accounting profit is $205,000.

Explanation:

Earnings of Andrew when he worked as an economist: $170,000 per year

Earnings made in his first year of private consulting: $35,000

Total amount received for consulting services: $400,000

Andrew’s accounting profit = $170,000 + $35,000

Andrew’s accounting profit = $205,000

month 1 start amount =$3287.90 interest=(3287.90x0.0145/12)3.97 total to pay=$3291.81 paid =$1200 balance =$2,091.87

month 2 starting amount= $2,091.87 interest =$25.28 total to pay =$2117.15 paid =$1200 balance $917.15

month 3 starting amount =$917.15 interest =$11.08 total to pay =$928.23 paid =$928.23 balance =$0 total to pay 1200+1200+928.23 = $3328.23 it will take 3 months to pay a total of $3328.23

answer; /// that is so (false);