Scenario 13-5
Samantha has been working for a law firm and earning an annual salary of $80,000.She decides to open her own practice.Her annual expenses will include $15,000 for office rent,$3,000 for equipment rental,$1,000 for supplies,$1,200 for utilities,and a $35,000 salary for a secretary/bookkeeper.Samantha will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
-Refer to Scenario 13-5.Samantha's annual accounting costs will equal

Question

Quizplus · Accepted Answer

Samantha's annual accounting costs will be $55,200. This includes her office rent ($15,000), equipment rental ($3,000), supplies ($1,000), utilities ($1,200), and secretary/bookkeeper salary ($35,000).

Scenario 13-5 Samantha Has Been Working for a Law Firm and Earning