Scenario 13-11 Zach Withdrew $400,000 Out of His Personal Savings Account and Account

question 222

Multiple Choice

Scenario 13-11
Zach withdrew $400,000 out of his personal savings account and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 6,000 boxes of cookies for $2.50 per box. Also during the first year, the cookie business made monetary outlays of $9,000. You may assume that there is no opportunity cost to Zach's time.
-Refer to Scenario 13-11.Zach's economic profit for the year was

• A) $-506,000.
• B) $-6,000.
• C) $3,000.
• D) $6,000.

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Definitions:

Motherboard

The main circuit board of a computer. Also known as the mainboard, planar, or system board.

High-Level Formatting

The process of preparing a storage device, like a hard drive or USB flash drive, for data storage by setting up a file system.

Partitioning

The process of dividing a computer's hard disk drive or solid-state drive into multiple logical storage units or partitions, to separate and manage data effectively.

File System

Defines how data is stored on a drive. Examples of file systems include FAT16, FAT32, exFAT, and NTFS.