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Business, 05.05.2020 08:09 RayQuan115

An individual leaves a collegeâ faculty, where she was earning â$50,000 aâ year, to begin a new venture. She invests her savings of â$40,000â, which were earning 7 percent annually. She then spends â$22,000 renting officeâ equipment, hires two students at â$22,000 a yearâ each, rents office space for â$12,000â, and has other variable expenses of â$42,000. At the end of theâ year, her revenues are â$230,000.

Her accounting profit is $

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