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Last year, Ken earnd $ 40,000 selling real estate, but he now sells artsupplies . The return to entrepreneurship in the artsupplies industry is $

Last year,

Ken

earnd

$

40,000

selling real estate, but

he

now sells

artsupplies

.

The return to entrepreneurship in the

artsupplies

industry is

$

25,000

a year.

During this year,

Ken

bought

$

11,000

of

artsupplies

from manufacturers and sold them for

$

60,000

.

Ken

rents a shop for

$

6,000

a year and spends

$

2,200

on utilities and office expenses.

Ken

owns a cash register, which

he

bought for

$

2,200

with funds from

his

savings account. The bank pays

3

percent a year on savings accounts.

At the end of the year,

Ken

was offered

$

1,700

for

his

cash register.

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