Fran Is Considering Permanently Closing Down Her Beauty Salon

question 46

Multiple Choice

Fran is considering permanently closing down her beauty salon. A consultant advises her that if she stays open for business, she will have operating revenues of $300,000 and operating costs of $280,000. In addition, Fran has paid $40,000 for fixtures that can be resold for $15,000 after she closes the beauty salon. The value of Fran's beauty salon, if it remains open, is $____.

• A) -45,000
• B) -35,000
• C) -25,000
• D) -5,000

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Definitions:

Cognitive Development

The process by which individuals acquire and understand knowledge, develop problem-solving skills, and mature intellectually through various stages of life.

Sociocultural Influences

The impact of societal and cultural factors on individual behaviors, beliefs, and attitudes.

Cognitive Development

The process by which a person's ability to think, understand, and interact with the world develops through childhood and adolescence.

Lev Vygotsky

A Soviet psychologist known for his work on cognitive development, particularly the social development theory which emphasizes the role of social interaction in the development of cognition.