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Dmitri lives in Dallas and operates a small company selling bikes. On average, he receives $ 8 3 3 , 0 0 0 per year

Dmitri lives in Dallas and operates a small company selling bikes. On average, he receives $833,000 per year from selling bikes. Out of this revenue from sales, he must pay the manufacturer a wholesale cost of $464,000. He also pays several utility companies, as well as his employees wages totaling $278,000. He owns the building that houses his storefront; if he choose to rent it out, he would receive a yearly amount of $68,000 in rent. Assume there is no depreciation in the value of his property over the year. Further, if Dmitri does not operate the bike business, he can work as a programmer and earn a yearly salary of $34,000 with no additional monetary costs, and rent out his storefront at the $68,000 per year rate. There are no other costs faced by Dmitri in running this bike company.

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