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Author Question: Refer to Scenario 7.6 below to answer the question(s) that follow. SCENARIO 7.6: Upon graduating ... (Read 224 times)


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schs14

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Refer to Scenario 7.6 below to answer the question(s) that follow. 

SCENARIO 7.6: Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $50,000 annually. Last year you earned a total revenue of $120,000. Rent and supplies last year were $50,000. Your assistant's salary is $30,000 annually.





Refer to Scenario 7.6. Your annual operating profit is


◦ -$10,000.
◦ $40,000.
◦ $70,000.
◦ $80,000.




ARLKQ

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  • Posts: 571

Refer to Scenario 7.6 below to answer the question(s) that follow. 

SCENARIO 7.6: Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employees. To start the firm you passed on a job offer with a large accounting firm that offered you a salary of $50,000 annually. Last year you earned a total revenue of $120,000. Rent and supplies last year were $50,000. Your assistant's salary is $30,000 annually.





Refer to Scenario 7.6. Your annual operating profit is


◦ -$10,000.
◦ $40,000.
◦ $70,000.
◦ $80,000.






 

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