Sam Quits His Job as an Airline Pilot and Opens

question 24

Multiple Choice

Sam quits his job as an airline pilot and opens his own pilot training school. He was earning $40,000 as a pilot. He withdraws $10,000 from his savings where he was earning 6 percent interest and uses the money in his new business. He uses a building he owns as a hanger and could rent it out for $5,000 per year. He rents a computer for $1,200, buys office supplies for $500, rents an airplane for $6,000, pays $1,300 for fuel and maintenance, and hires one worker for $30,000. Sam's total revenue from pilot training classes this year equaled $90,400. Sam's explicit costs this year equals:

• A) $84,400.
• B) $39,000.
• C) $55,000.
• D) $45,600.
• E) $40,000.

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Definitions:

Physical Rehabilitation

The process of restoring physical function and mobility through exercises, therapies, and interventions after injury, illness, or surgery.

Motivation

The desire to learn.

Computer-assisted Instruction (CAI)

An educational process where students learn through interactive computer software.

Learning Pace

The rate or speed at which an individual acquires new knowledge, skills, or competencies, which can vary widely among learners.