Refer to Scenario 7

question 221

Multiple Choice

Refer to Scenario 7.1 below to answer the question(s) that follow.
SCENARIO 7.1: You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue of $90,000. Your costs for equipment, rent, and supplies were $60,000. To start this business you invested an amount of your own capital that could pay you a return of $40,000 a year.
-Refer to Scenario 7.1. Your accounting profit last year was

• A) $10,000.
• B) $30,000.
• C) $50,000.
• D) $60,000.

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Definitions:

Amino Acids

Fundamental components of proteins, each containing an amino group, a carboxylic acid group, and a unique side chain.

Double Helix

The structure of DNA, which consists of two antiparallel polynucleotide chains twisted around each other.

Polymer

is a chemical compound or mixture of compounds formed by polymerization and consisting essentially of repeating structural units.

Nucleotides

The basic building blocks of nucleic acids like DNA and RNA, consisting of a sugar, a phosphate group, and a nitrogenous base.