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David has the following information to evaluate his current salary of $62,000 versus total revenues of $110,000 and expenses of $67,000 from starting a new business. How much is the opportunity cost associated with staying at his current job?
Interest Allowance
A provision or adjustment made for the calculation of interest receivable or payable over a specified period.
Fixed Ratio
A prescribed relationship between two quantities, expressed as a constant value.
Net Income
The total earnings of a company after deducting all costs and expenses from revenue, indicating the company's profitability.
Liquidation
The process of closing a business by selling its assets to pay off its liabilities, with any remaining proceeds distributed to shareholders or owners.
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