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Mr. Jones quits his $25,000 job as chef at Le Pomery, to open his own restaurant. He used $50,000 of his savings that had been

Mr. Jones quits his $25,000 job as chef at Le Pomery, to open his own restaurant. He used $50,000 of his

savings that had been earning 5% interest to purchase equipment. At the end of his first year he gave his

tax accountant the following information:

Wages Paid to Employees

Rent on Building

Utilities

Food

Sales Revenue

$110,000

$ 5.000

$ 10,000

$100,000

$250,000

Based on the above calculations, Mr. Jones should:

Group of answer choices

A. definitely remain in business.

B. be indifferent between staying in the business and selling out.

C. Cannot tell from the information provided.

D. sell out and leave the business.

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