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

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Definitions:

Intellectual Curiosity

A strong desire to acquire knowledge and understanding, driven by interest and a love of learning.

Psychological State

The mental condition of an individual at any given time, influenced by emotions, thoughts, and behaviors.

Maintaining Beliefs

The act of persistently holding onto one's values, principles, or opinions despite challenges or contradictions.

Influence Tactic

A strategy designed to sway or change others' beliefs, attitudes, or behaviors.