A Company's Owners Invested $10,000 Total into the Company,which Made

question 45

Multiple Choice

A company's owners invested $10,000 total into the company,which made a profit of $3,500 last year.Its total liabilities are currently at $7,000.What is the value of the total assets of this company?

• A) $3,000
• B) $3,500
• C) $6,500
• D) $13,500
• E) $27,500

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Definitions:

Price War

A competitive strategy involving retailers or companies reducing their product prices to gain more customers and market share from competitors.

Everyday Even Lower Pricing

A pricing strategy aimed at consistently offering products at lower prices than usual, meant to attract and retain customers.

Market War

Intense competitive actions among companies in the same industry to gain market share, often involving aggressive pricing, advertising, and product launches.

Product-line Pricing

A marketing strategy that involves setting different price points for various items in a product line based on their features or quality levels.