Imagine that you open your own business. in the first year your business generate $300,000 in revenues. you also incur various accounting costs associated with operating the business, such as the rental cost of the office, office equipment, licenses and so on. these accounting costs add up to $80,000. also assume that in order to run this business you had to give up your previous job that paid $120,000/year. in the first year of operations, what was the economic profit?

Tara and her parents want to save at least $40,000 for college in 8 years. which statement describes the most effective savings plan for tara and her parents to meet their goal? tara and her parents should make deposits of $300 every month into a college savings account. tara and her parents should make deposits of $450 every month into a college savings account. tara and her parents should make deposits of $3,000 every year into a college savings account. tara and her parents should make deposits of $4,000 every year into a college savings account