What Is George's Gross Income If He Has the Following

question 31

Multiple Choice

What is George's gross income if he has the following: Salary = $78,000;Dividends = $4,000;interest on city of San Francisco bonds = $2,000;a gain of $14,000 on a stock sale and a $4,000 loss on a small sole proprietorship that he owns.

• A)$78,000
• B)$84,000
• C)$92,000
• D)$96,000

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Definitions:

Economies of Scale

Cost advantages that enterprises obtain due to scale of operation, with cost per unit of output generally decreasing with increasing scale as fixed costs are spread out.

Responsiveness

The ability of a company or system to quickly and effectively respond to customer needs, changes in the market, or operational challenges.

Transportation Costs

Expenses associated with the movement of goods or materials from one location to another, including shipping, freight, and logistics costs.

Annual Inventory Cost

The total expenses associated with maintaining and managing inventory over the course of a year.