Business, 13.12.2019 00:31, DESI111609

Imagine tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. one day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. to run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000. tom should: multiple choice

a. close his shop and go back to what he was doing before with his time and assets,
b. because it was earning him $6,000 more than he's earning now.
c. keep his shop going because he's earning a healthy $35,000 a year.
d. keep his shop going because he's earning $5,000 more than his salary before.
e. none are correct.

Answers: 3

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Imagine tom's annual salary as an assistant store manager is $30,000, he owns a building that rents...