Calculate the value added of larson and of the restaurant

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Reference no: EM131309210

Larson has started a home wine-making business and he buys all his ingredients from his neighborhood farmers' market and a local bottle manufacturer. Last year he purchased $4,000 worth of ingredients and bottles and produced 2,000 bottles of wine. He sold all 2,000 bottles of wine to an upscale restaurant for $10 each. The restaurant sold all the wine to customers for $45 each. For the total wine production, calculate the value added of Larson and of the restaurant.

Reference no: EM131309210

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