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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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