The firms owner quit a job that would have earned him 75000, Ask an Expert

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During a year of operation, a firm collects $550,000 in revenue and spends $75,000 on labor expense, and $200,000 in raw materials, rent, and utilities. The firm's owner quit a job that would have earned him $75,000 annually and invested $750,000 of his own money instead of putting it in savings account which would earn a 10% interest annually.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M988385

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