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Interest on the money used to open the store

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Henry decides to quit his job (earning $50,000 per year), take his $60,000 in savings, and open a dry cleaning store. Figure 8-1 shows the revenues and expenditures for his first year of operation. If Henry could have earned $3,000 in interest on the money used to open the store, his accounting profit would have been.

Reference no: EM132492549

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