Solve the Problem Assume That , for 2005, Total Receipts Are $1,058,586, Operating

question 245

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 $1,058,586, operating expenses are $531,674, employee benefits are $189,561, security costs are$133,107, and interest on debt is $63,000. Calculate the
Year-end surplus or deficit.

• A)$267,244.00
• B)$779,473.00
• C)$141,244.00
• D)$912,580.00

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Definitions:

Prenatal Development

The process of growth and development within the womb from conception to birth.

Embryonic Stage

A critical phase in prenatal development where the embryo begins to form major structures and organ systems.

Germinal Stage

The first phase of prenatal development, beginning at conception and lasting until the zygote implants in the uterine wall, approximately two weeks.

Fetal Stage

The developmental period of a human being inside the womb, from the end of the embryonic stage to birth.