Scenario 13-9 Ellie Has Been Working for an Engineering Firm and Earning

question 221

Multiple Choice

Scenario 13-9
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 13-9. According to Ellie's accountant, which of the following revenue totals will yield her business $50,000 in profits?

• A)$55,200
• B)$105,200
• C)$132,500
• D)$185,700

Recognize the types of remedies available in the legal system and their appropriate applications.

Comprehend the nature and creation of administrative law.

Analyze and interpret major court decisions and their impact on law.

Understand the protections provided by the U.S. Constitution, including the Bill of Rights.

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Definitions:

Inflating Truck Tires

The process of adding air to truck tires to reach the recommended pressure levels for safe and efficient operation.

Safety Precautions

Measures taken to reduce the risk of accidents or injuries in various environments or activities.

Safety Cage

A structural framework designed to protect occupants by maintaining space in the passenger compartment during a crash.

Rim Lug Nuts

The nuts that attach the wheel of a vehicle to the axle via the rim, securing the wheel in place.