Solve the Problem Assume That , for 2005, Total Receipts Are $1,064,603, Operating

question 201

Multiple Choice

Solve the problem.
-Budget Summary for the Wonderful Widget Company (all amounts in thousands of dollars) $$\begin{array} { l r r r r } \text { Total Receipts } & 2001 & 2002 & 2003 & 2004 \\\text { Outlays } & \$ 854 & \$ 908 & \$ 950 & \$ 990 \\\quad \text { Operating } & 525 & 550 & 600 & 600 \\\quad \text { Employee Benefits } & 200 & 220 & 250 & 250 \\\quad \text { Security } & 275 & 300 & 320 & 300 \\\quad \text { Interest on Debt } & \underline { 0 } & \underline { 12 } & \underline { 26 } & \underline { 47 } \\\text { Total Outlays } & 1000 & 1082 & 1196 & 1197 \\\text { Surplus/Deficit } & - 146 & - 174 & - 246 & - 207 \\\text { Debt (accumulated) } & \mathbf { - 1 4 6 } & \mathbf { - 3 2 0 } & \mathbf { - 5 6 6 } & \mathbf { - 7 3 3 }\end{array}$$ Assume that , for 2005, total receipts are $1,064,603, operating expenses are $507,311, employee benefits are $159,259, security costs are $136,647, and interest on debt is $63,000. Calculate the
Year-end accumulated debt.

• A)$322,581.00
• B)$914,393.00
• C)$777,746.00
• D)$196,581.00

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Definitions:

Severed

Cut or sliced off, often referring to a part of the body or to connections.

Distal Ends

Distal ends refer to the farthest points from the center or point of attachment in a body's structure.

Metacarpals

The bones located in the middle part of the human hand that connect the wrist to the fingers.

Superior Region

An anatomical term referring to a location above or higher than another part of the body.