Q3 James Collier left his job at a large corporation where he had worked as a senior accountant. He was getting $82000 as yearly salary. He established his own J.C. Accounting firm. J.C. Accounting earned total revenue $680000 in first year. The material cost was $49000; costs for rented equipment were $30000, salary given to the security man was $18800 and wa workers were $158229 in a year. The interest forgone for the iny James Collier estimated his entrepreneurial $26985 per year in
Q3 James Collier left his job at a large corporation where he had worked as a senior accountant. He was getting $82000 as yearly salary. He established his own J.C. Accounting firm. J.C. Accounting earned total revenue $680000 in first year. The material cost was $49000; costs for rented equipment were $30000, salary given to the security man was $18800 and wa workers were $158229 in a year. The interest forgone for the iny James Collier estimated his entrepreneurial $26985 per year in
Chapter1: Making Economics Decisions
Section: Chapter Questions
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