Scenario 8.1 Jane Left Her Job at Siemens and Started Her

Multiple Choice

Scenario 8.1
Jane left her job at Siemens and started her own boutique.She used to earn $50,000 annually at Siemens.She took a loan of $10,000 and used $20,000 from her personal savings to begin her venture.She agreed to repay the loan with 10% interest.Her business is bringing in $80,000 annually.She has rent and labor expenses of $15,000.Also assume that Jane could have used her own money i.e.$20,000 to buy stocks in Intel which would have returned 5% to her last year.
-Refer to Scenario 8.1.Compute Jane's economic profit.

A) $13,000
B) $14,000
C) $20,000
D) $15,000
E) $10,000