How do I calculate theExplicit Costs,
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- Annual Revenue from Business Operations = $380,000
- Entrepreneur’s potential earnings as a salaried worker = $50,000
- Entrepreneur’s personal fund used to finance business is $60,000, assuming annual interest rate of 10%
- Annual lease on building = $22,000
- Payments to workers = $120,000
- Utilities (electricity, water, disposal) costs = $8,000
- Entrepreneur’s forgone rent for his own office property = $10,000
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