As a college graduate with a degree in Accounting, you decided to open up your own firm
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Question:
As a college graduate with a degree in Accounting, you decided to open up your own firm instead of working for someone else. The first year's operating results come in as follow: Total Revenue $ ; Total Variable Costs $ ; Total Fixed Costs $ Additionally, you figure that have you decided to work for an accounting firm, your annual salary would have been $ Given the data as presented, what is the firm's Accounting Profit?
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