Scenario 13-7 Julia Prepares Tax Returns and Does Bookkeeping. Last Year Her

question 393

Multiple Choice

Scenario 13-7
Julia prepares tax returns and does bookkeeping. Last year her revenues from the tax and bookkeeping business were $150,000, and her expenses for the business were $15,000. When she started her tax and bookkeeping business, Julia gave up her supplemental job doing in-home pet sitting. She used to earn $10,000 per year from pet sitting. Assume that she incurred no costs for her pet sitting business.
-Refer to Scenario 13-7. Julia's explicit costs are

• A)0.
• B)$10,000.
• C)$15,000.
• D)$25,000.

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Definitions:

Accommodating Conflict-Handling Style

An approach to conflict that involves a high degree of cooperation and low degree of assertiveness, aiming to meet the needs of the other party.

Favorably Evaluated

Being assessed or judged in a positive manner based on certain criteria or standards.

Weak

Describes something that lacks strength, influence, or effectiveness in comparison to what is typical or expected.

Collaborating Style

A cooperative approach to conflict resolution or problem-solving where parties work together to find a mutually beneficial solution.