Question

Short Answers: Write your answer in the space provided or on a separate sheet of paper. 64) Edith decided that her $120,000 a year job at Gord Motors wasn't fulfilling. She invested $50,000 which had been earning 2% per year in interest to open her own website design shop. At the end of the year her accountant gave the her the following report: Total Revenues from Customers Salary for program coder Rent & Electric Insurance $280,000 115,000 40,000 11,000 Profit $114,000 Rate of return on Investment- 228% How would an economist amend this report? If you were Edith, would you continue the new venture? Explain making at least two (2) specific points about your decision. (8 points)

Answer 1

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