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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Abuse Of Process

The use of a legal procedure for a purpose other than that for which it is legitimately intended.

Survival Statutes

Laws that allow certain causes of action to continue to be effective or enforceable even after the death of a person involved in the action or the entity to which the statute pertains.

Loss Of Support

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