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Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per month job as a sales clerk. If your aunt thinks she can sell $510,000 worth of merchandise in a year. Should she open the restaurant? Explain.

Her accountant has been trying to explain to her the different costs that she would need to understand in order to have a successful business. She is asking you to explain the different costs and how they affect the running of a successful business.

Your aunt is thinking about opening a hardware store. She estimates that it would cost $500,000 per year to rent the location and buy the stock. In addition, she would have to quit her $50,000 per month job as a sales clerk. If your aunt thinks she can sell $510,000 worth of merchandise in a year. Should she open the restaurant? Explain.

Her accountant has been trying to explain to her the different costs that she would need to understand in order to have a successful business. She is asking you to explain the different costs and how they affect the running of a successful business.

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