Harry Bigbucks is considering a run for President of the United States of America. His campaign will last the entire year of 2008. Harry has asked his brother, an accountant, to calculate the costs of his campaign. They have calculated $10 million for television advertisements, $5 million for mailed flyers, $3 million for travelling across the country to speak his message, and $1 million to hire lawyers to help him. In 2007 Harry made $10 million dollars from his job working as a consultant, and his 2008 salary was schedule to increase by 20%. Harry would not have been able to do anything more valuable than working in 2008. Upon making all of the calculations, Harry's brother proclaims, "Harry if you want to run for President, your total economic costs are $19 million." Is Harry's brother correct?
A. Of course it is - why would his brother have an incorrect answer?
B. No - the stated economic costs of $19 million do not include the trip that Harry wants to make to the moon in 2011.
C. No - the stated economic costs of $19 million do not include the settlement of a lawsuit that Harry paid in 2005 for $2.5 million.
D. No - the stated economic costs of $19 million do not include the $12 million that Harry would have made in 2008 as a consultant.
Answer:D
Harry Bigbucks is considering a run for President of the United States of America. His campaign will last the entire year of 2008. Harry has asked his brother, an accountant, to calculate the costs of his campaign. They have calculated $10 million for television advertisements, $5 million for mailed flyers, $3 million for travelling across the country to speak his message, and $1 million to hire lawyers to help him. In 2007 Harry made $10 million dollars from his job working as a consultant, and his 2008 salary was schedule to increase by 20%. Harry would not have been able to do anything more valuable than working in 2008. Upon making all of the calculations, Harry's brother proclaims, "Harry if you want to run for President, your total economic costs are $19 million." Is Harry's brother correct?
A. Of course it is - why would his brother have an incorrect answer? B. No - the stated economic costs of $19 million do not include the trip that Harry wants to make to the moon in 2011. C. No - the stated economic costs of $19 million do not include the settlement of a lawsuit that Harry paid in 2005 for $2.5 million. D. No - the stated economic costs of $19 million do not include the $12 million that Harry would have made in 2008 as a consultant.