If Total Liabilities Are $85 000, Total Assets Are $240

question 47

Multiple Choice

If total liabilities are $85 000, total assets are $240 000 and total paid-up capital is $120 000, the amount of retained earnings is:

• A) $120 000.
• B) $35 000.
• C) $155 000.
• D) $205 000.

Understand the importance of exhibiting positive nonverbal behaviors during interviews.

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Identify and explain different types of calendar views and their uses.

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Definitions:

Labor

The exertion of both mental and physical capabilities towards the creation of products and services.

Marginal Revenue Product

Extra profits generated by incorporating another unit of a production element.

Worker

An individual engaged in a particular labor or job to earn a living, contributing to the production process.

MRP

Marginal Revenue Product, an economic theory stating the additional revenue generated from employing one more unit of a factor of production, like labor.