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The following is cost information for the Creamy Crisp Donut Company: Entrepreneur's potential earnings as a salaried worker = $50,000
Annual lease on building = $22,000
Annual revenue from operations = $380,000
Payments to workers = $120,000
Utilities (electricity,water,disposal) costs = $8,000
Value of entrepreneur's talent in the next best entrepreneurial activity = $80,000
Entrepreneur's forgone interest on personal funds used to finance the business = $6,000
Refer to the data.Creamy Crisp:
Terminates
Marks the end or conclusion of something, such as a contract, agreement, or employment.
Fiduciary Duty
An obligation to act in the best interest of another party, emphasizing trust, honesty, and loyalty.
Real-Estate Agent
A licensed professional who arranges real estate transactions, putting buyers and sellers together and acting as their representative in negotiations.
Commission
A fee or percentage of a sale paid to an employee or agent for their services in facilitating the sale.
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