Harvey Quit His Job at the University of Toronto Where

question 69

Multiple Choice

Harvey quit his job at the University of Toronto where he earned $45,000 a year,the same as other employees of normal ability,the same as other employees of normal ability.But Harvey is unusually talented in another area,and he figures his entrepreneurial talent,or forgone entrepreneurial income,to be $5000 a year.He cashed in $100,000 in bonds that earned 10% interest annually to buy a software company,Extreme Gaming.In the first year,the firm sold 11,000 units of software at $75 per unit.Of the $75 per unit,$55 goes for the costs of production,packaging,marketing,employee wages and benefits,and rent on a building.
-Refer to the above information.The accounting profit in the first year was

• A) $50,000.
• B) $70,000.
• C) $150,000.
• D) $220,000.
• E) $250,000.

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Definitions:

Active Euthanasia

The intentional act of causing the death of a patient suffering from an incurable and painful disease, with the patient's consent.

Suicide

The deliberate act of taking one's life, often driven by despair, mental health issues, or overwhelming stress.

Living Will

A document stating that one does not want medical intervention if the technology or treatment that keeps one alive cannot offer a reasonable quality of life or hope for recovery.

Passive Euthanasia

The act of allowing a patient to die by withholding or withdrawing life-sustaining treatments.