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3. Calculate the following Costs and Profit. Annual revenue from sales = $380,000 Entrepreneur's potential earnings as a salaried worker = $50,000 Entrepreneur's personal fund

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3. Calculate the following Costs and Profit. Annual revenue from sales = $380,000 Entrepreneur's potential earnings as a salaried worker = $50,000 Entrepreneur's personal fund used to finance the business is $60,000, assuming deposit interest rate of 10% Annual lease payment on building = $22,000 Wage payment to workers = $120,000 Utilities (electricity, water, disposal) cost incurred = $8,000 Entrepreneur's forgone rent for his own office property = $10,000

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