A carpenter quits his job at a furniture factory to open his own cabinetmaking business. In...

A carpenter quits his job at a furniture factory to open his own cabinetmaking business. In his first two years of operation, his sales average $100 000 and his operating costs for wood, workshop and tool rental, utilities, and miscellaneous expenses average $70 000. Now his old job at the furniture factory is again available. Should he take it or remain in business for himself? How would you make this decision? (Hint: Of course it will depend on how much the job will offer him as salary. Are there any other considerations?)

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Expert Solution

Rahul Sunny answered 2 years ago

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