Susan works for a large marketing firm where she earns $ 1 2 0 , 0 0

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Susan works for a large marketing firm where she earns $

120, 000

per year. Susan wants to quit her job and start her own marketing firm. She estimates that her total costs on direct business expenses will be $

30, 000 .

Susan will quit her job and start her own marketing firm only if she can earn $

25, 000

in economic profit. What is the minimum total revenue Susan must be able to earn for her to quit her job?

Related Book For answer-question

Management Accounting

ISBN: 9780077185534

6th Edition

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

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Posted Date: Feb 02, 2024 12:48 PM

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Susan works for a large marketing firm where she earns $ 1 2 0 , 0 0

Question:

Expert Answer:

Step 1 Calculate Susans opportunity cost Since Susan is considering leaving her current jobher oppor... View the full answer

Management Accounting

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