Answer the Following Questions Using the Information Below

question 11

Multiple Choice

Answer the following questions using the information below:
Jamal, Kareem, Rashid and Associates are in the process of evaluating its new client services for the business consulting division.
• Estate Planning, a new service, incurred $100,000 in development costs and employee training.
• The direct costs of providing this service, which is all labor, averages $27 per hour.
• Other costs for this service are estimated at $400,000 per year.
• The current program for estate planning is expected to last for two years. At that time, a new law will be in place that will require new operating guidelines for the tax consulting.
• Customer service expenses average $95 per client, with each job lasting an average of 400 hours. The current staff expects to bill 40,000 hours for each of the two years the program is in effect. Billing averages $42 per hour.
-What is the estimated life-cycle operating income for the first two years?

• A) $3,360,000
• B) $281,000
• C) $190,500
• D) $90,500

Recognize the role of constructors in the inheritance hierarchy.

Understand method overriding and the restrictions imposed by the final modifier.

Acknowledge the role of encapsulation in object-oriented programming.

Recognize the importance of package access in Java.

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Definitions:

Income Inequality

The unequal distribution of earnings among individuals or households within a society or region.

Technological Change

The introduction of new methods of production or new products intended to increase the productivity of existing inputs or to raise marginal products.

International Monetary Fund

An international organization established to promote global economic growth and financial stability, to encourage international trade, and to reduce poverty around the world.

Wealth Holders

refers to individuals or entities that possess a substantial amount of assets, financial or otherwise.