An owner of a small construction company determines that personal needs to his family is $85,000 with additional $115,000 required to make payments for a holiday home and its maintenance. The owner-manager budgets $8,000 in salary per month, resulting in a total salary of $96,000 for the year. What should be the budgeted profit?

O $200,000

O $0, because owner is already getting more than he needs to support his family

O $296,000

O $104,000

Answer rating: 100% (QA)

Total requirement 85000 ... View the full answer