Scenario 12-8
Ellie has been working for an engineering firm and earning an annual salary of $80,000.She decides to open her own engineering business.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.Ellie 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 12-8.According to Ellie's accountant,which of the following revenue totals will yield her business $50,000 in profits?
A) $55,200
B) $105,200
C) $132,500
D) $185,700

Question

Quizplus · Accepted Answer

The Answer of Scenario 12-8
Ellie has been working for an engineering firm and earning an annual salary of $80,000.She decides to open her own engineering business.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.Ellie 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 12-8.According to Ellie's accountant,which of the following revenue totals will yield her business $50,000 in profits?
A) $55,200
B) $105,200
C) $132,500
D) $185,700

Scenario 12-8 Ellie Has Been Working for an Engineering Firm and Earning