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Scenario 13-8
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 13-8.Ellie's annual economic costs will equal
Guardianship
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Officially approved or confirmed, often used in the context of agreements, treaties, or legislative acts.
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The legal act of renouncing or rejecting a contract or agreement, particularly exercised by minors or those not fully competent to enter contracts.
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Relating to or enacted by a statute, meaning it is defined or required by law.
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