An individual leaves a college faculty, where she was earning $80,000 a year, to begin a new venture. She invests her savings of $38,000, which were earning 5 percent annually. She then spends $18,000 renting office equipment, hires two students at $20,000 a year each, rents office space for $10,000, and has other variable expenses of $42,000. At the end of the year, her revenues are $250,000. Her accounting profit is $