Jim is a florist who runs Bountiful Flower Shop as a sole owner. His typical...
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Jim is a florist who runs Bountiful Flower Shop as a sole owner. His typical monthly operating results include the following: sales revenue $ flower costs $ supplies $ labor costs $ utilities $ rent $ and other costs $Jim recently attended a trade show and was attracted by a national chain that offered him referral service, baskets, and new flower arrangements in exchange for a monthly licensing fee of $He figures that the additional business from referrals will increase his revenues by flower materials, supplies, and labor costs by utilities by and other costs by Rent will not change as he would still use the same facility.
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