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Sam quits his job as an airline pilot and opens his own pilot training school. he was earning $40,000 as a pilot. he withdraws $10,000 from his savings where he was earning 6 percent interest and uses the money in his new business. he uses a building he owns as a hanger and could rent it out for $5,000 per year. he rents a computer for $1,200, buys office supplies for $500, rents an airplane for $6,000, pays $1,300 for fuel and maintenance, and hires one worker for $30,000. sam's total revenue from pilot training classes this year equaled $90,400. sam's explicit costs this year equals:

a. $55,000.
b. $84,400.
c. $39,000.
d. $45,600.
e. $40,000.

User Metanerd
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1 Answer

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I think the most appropriate answer would be D.


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User Neha Soni
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