On a Projected Income Statement, a Business Owner's Target Income

question 138

Multiple Choice

On a projected income statement, a business owner's target income is ________.

• A)the sum of a reasonable salary for the time spent running the business and a normal return on the amount invested in it
• B)the income at which the company's total revenues and its total expenses are equal
• C)the income that will produce a 10 percent return on the owner's financial investment in the business
• D)the income that the owner could earn working for someone else

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Definitions:

Obsessive-Compulsive Disorder

A mental disorder characterized by recurrent, intrusive thoughts (obsessions) and repetitive behaviors (compulsions) that the individual feels driven to perform.

Severe Anxiety

An intense, overwhelming form of anxiety that can impair day-to-day functioning and quality of life.

Somatic Symptom Disorders

A group of psychological disorders in which the person experiences physical symptoms that are not fully explained by a general medical condition, leading to significant distress and impairment.

Psychosomatic

Pertaining to physical symptoms that are caused or significantly influenced by emotional factors.