Refer to Scenario 7

question 122

Multiple Choice

Refer to Scenario 7.4 below to answer the question(s) that follow.
SCENARIO 7.4: You own and are the only employee of a company that sells custom embroidered pet sweaters.
Last year your total revenue was $120,000. Your costs for equipment, rent, and supplies were $30,000.
To start this business you invested an amount of your own capital that could pay you a $50,000 a year return.
-Refer to Scenario 7.4. A yearly normal return for your company would be

• A) $40,000.
• B) $50,000.
• C) $70,000.
• D) $90,000.

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Definitions:

Western Lands

Refers to the territories west of the Mississippi River in the United States, historically significant for expansion and settlement during the 19th century.

Cash Crops

Agricultural products grown primarily for sale to others rather than for personal use or consumption by the farmers themselves.

Perpetual Union

A term reflecting the intention or agreement among the U.S. states to remain united indefinitely, foundational to the concept of the United States.

National Patriotism

The ideology and sentiment of strong loyalty and devotion to one's nation, often expressed through pride in national achievements and culture.