Use the Table for the Question(s)below

question 41

Multiple Choice

Use the table for the question(s) below.
Pro Forma Income Statement for Ideko,2005-2010
-The amount of net working capital (in 000's) for Ideko in 2007 is closest to:

• A)$30,510.
• B)$26,420.
• C)$22,170.
• D)$35,195.

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Definitions:

MC = MR

The principle that profit maximization occurs when a firm's marginal cost (MC) equals its marginal revenue (MR).

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the surplus revenue after accounting for all costs.

Economic Loss

A situation where total costs exceed total revenues, indicating that a firm is not covering its opportunity costs.

Accounting Profit

The calculated income of a business or company after subtracting all explicit costs from total revenues.