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Util… Show more The annual expenditures for a small accoun

Paper help Economics Util… Show more The annual expenditures for a small accoun

Economics

Util… Show more The annual expenditures for a small accoun

Util… Show more The annual expenditures for a small accounting firm are: Rent $8,400 Secretary’s Salary $17,000 Utilities $3,600 The estimated number of tax returns per year is 2,000. Average processing cost per retun is $7.00. Average price charged per return is $47.00. The new CPA is beginning this private practive after resigning from his $65,000 a year job. Estimate the economic and accounting profits of the new enterprise and comment on the decision. • Show less

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