Harvey Quit His Job at State University, Where He Earned

question 320

Multiple Choice

Harvey quit his job at State University, where he earned $45,000 a year. He figures his entrepreneurial talent or forgone entrepreneurial income to be $5,000 a year. To start the business, he cashed in $100,000 in bonds that earned 10 percent interest annually to buy a software company, Extreme Gaming. In the first year, the firm sold 11,000 units of software at $75 for each unit. Of the $75 per unit, $55 goes for the costs of production, packaging, marketing, employee wages and benefits, and rent on a building.The total revenues of Harvey's firm in the first year were

• A)$220,000.
• B)$105,000.
• C)$605,000.
• D)$825,000.

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Definitions:

Substance Abuse

The harmful pattern of using substances (such as drugs or alcohol) leading to significant impairments or distress, including health problems, disability, and failure to meet responsibilities.

Physical Abuse

The intentional use of physical force to harm or injure another person.

Sexual Abuse

Sexual Abuse is the non-consensual act where an individual is forced or coerced into sexual activity, often by someone known to them, leading to physical and psychological harm.

Child's Contact

The interaction or communication a child has with another person, often used in contexts like healthcare or education to understand a child's social and environmental connections.