Sonny and Cher Have a Net Worth of $35,000 and Total

question 61

Multiple Choice

Sonny and Cher have a net worth of $35,000 and total assets of $200,000.If their revolving credit and unpaid bills total $2,200,what are their long-term liabilities?

• A)$115,000
• B)$140,000
• C)$142,200
• D)$162,800
• E)$165,000

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Definitions:

Economic Reasons

Factors related to financial considerations that influence decisions or actions.

Power and Influence

refer to the capacity to affect the behavior of others or the course of events and the ability to shape outcomes through persuasion or authority.

Organizational Resistance

Organizational resistance is the pushback or opposition by employees or groups within a company against changes or new policies introduced by management.

Resource Limitations

Constraints on the availability of resources such as time, money, manpower, and materials that can impact the execution of projects or tasks.