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Business, 14.04.2020 23:30 abelxoconda

Tommy Wang received an inheritance from his grandmother of $100,000. Rather than put the $100,000 that his grandmother left him in a mutual fund that earns 5% each year, Tommy Wang quit his job, which paid $60,000 per year, and started Wang's Wicker Furniture Store. He rented a showroom for $20,000 for the year, purchased $60,000 in wicker furniture, and incurred costs of $40,000 for sales help and advertising. In his first year, his revenue was $150,000. What is the opportunity cost of Wang's $100,000 inheritance being used to start his business?

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Tommy Wang received an inheritance from his grandmother of $100,000. Rather than put the $100,000 th...
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