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what is annual ecomic profit and what is annual operating cost profit Upon graduating with an accounting degree, you open your own accounting firm of

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Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $75,000 annually. Last year you earned a total revenue of $180,000. Rent and supplies last year were $80,000. Your assistant's salary is $45,000 annually

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