Question
1. Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting firm. He earned $40,000 with the accounting
1. Sam quit his job as an accountant with We Keep Books Accurately to open his own accounting firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year, Sam had revenues of $190,000 and total expenses of $110,000. Sam earned an
accounting profit of $40,000. | |||||||||||||||||
accounting profit of $80,000 and an entrepreneurial profit of $40,000. | |||||||||||||||||
entrepreneurial profit of $80,000, and an accounting profit of $40,000. | |||||||||||||||||
entrepreneurial profit of $80,000. | |||||||||||||||||
Cannot tell with the information provided. 2. The basic formula for calculating break even is
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