You decide to quit your $85,000 per year job as a college professor and open a...

 

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You decide to quit your $85,000 per year job as a college professor and open a bookstore. At the end of the first year of running the bookstore, you have earned $120,000. You also spent $35,000 for rent and $40,000 on books and packaging. Your accounting profit in the first year operating the bookstore is: $45,000 $75,000 O $80,000 O -$40,000 You decide to quit your $85,000 per year job as a college professor and open a bookstore. At the end of the first year of running the bookstore, you have earned $120,000. You also spent $35,000 for rent and $40,000 on books and packaging. Your accounting profit in the first year operating the bookstore is: $45,000 $75,000 O $80,000 O -$40,000

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