Scenario 13-9 Ellie Has Been Working for an Engineering Firm and Earning

question 221

Multiple Choice

Scenario 13-9
Ellie has been working for an engineering firm and earning an annual salary of $80,000. She decides to open her own engineering business. Her annual expenses will include $15,000 for office rent, $3,000 for equipment rental, $1,000 for supplies, $1,200 for utilities, and a $35,000 salary for a secretary/bookkeeper. Ellie will cover her start-up expenses by cashing in a $20,000 certificate of deposit on which she was earning annual interest of $500.
-Refer to Scenario 13-9. According to Ellie's accountant, which of the following revenue totals will yield her business $50,000 in profits?

• A)$55,200
• B)$105,200
• C)$132,500
• D)$185,700

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Definitions:

Megalo-

A prefix meaning large or exaggerated in size or scope.

Circum-

A prefix in English meaning "around" or "about," used in the formation of compound words.

Epi-

A prefix meaning "on", "upon", or "above", often used in medical and scientific terms to indicate a layer or location.

Epi-

A prefix meaning "above" or "upon" that is used to form terms denoting objects or concepts that are on, over, near, at, before, or after something else.