Luis Consulting Started the Year with Total Assets of $60000

question 74

Multiple Choice

Luis Consulting started the year with total assets of $60000 and total liabilities of $17000. During the year the business recorded $48000 in consulting revenues and $36000 in expenses. Luis made an additional investment of $8000 and withdrew cash of $9000 during the year. The owner's equity at the end of the year was

• A) $33000.
• B) $54000.
• C) $57000.
• D) $63000.

Distinguish between the methodologies and goals of narrative therapy compared to other therapies.

Acknowledge the average duration and session structure of brief solution-focused therapy.

Comprehend the significance of externalizing the problem in therapeutic contexts.

Understand the efficacy and applications of hypnosis in pain management and medical procedures.

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Definitions:

S&P 500 Index

An American stock market index based on the market capitalizations of 500 large companies listed on stock exchanges in the United States.

Operating Leverage

A measure of how sensitive a company's operating income is to a change in revenues, highlighting the impact of fixed versus variable costs.

Profits

The financial gain achieved when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

GDP

Gross Domestic Product, the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period, acting as a broad indicator of economic activity.