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

question 73

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. Ellie's annual accounting costs will equal

• A)$55,200.
• B)$75,200.
• C)$80,500.
• D)$165,700.

Comprehend methods and measures for tracking and predicting species extinction.

Identify the role of habitat in species survival and the effects of habitat loss and degradation.

Grasp concepts related to the recovery and decline of species populations.

Analyze the effectiveness of conservation efforts and protection statuses on species survival.

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Definitions:

Prices

The amount of money required to purchase a good, service, or asset, often influenced by supply and demand.

Short-run

A period in which at least one factor of production is fixed, limiting the ability of a business to fully adjust to market changes.

Short-run Aggregate Supply

The total supply of goods and services that firms in an economy plan on selling during a specific time period at current prices.

Short-run Phillips Curve

It illustrates the inverse relationship between the rate of inflation and the unemployment rate in the short term.