If Beginning Capital Was $120,000,ending Capital Is $90,000,and the Owner's

question 112

Multiple Choice

If beginning capital was $120,000,ending capital is $90,000,and the owner's withdrawals were $15,000,the amount of net income or net loss was:

• A)net income of $5,000.
• B)net income of $15,000.
• C)net loss of $15,000.
• D)net loss of $5,000.

Understand the use of experimental and non-experimental methods in economic studies.

Assess the effects of corruption on production costs and economic efficiency.

Acknowledge the impact of social overhead capital on economic growth.

Recognize the consequences of brain drain and capital flight on developing economies.

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Definitions:

Velocity

The speed of an object in a specific direction.

PaaS

Platform as a Service, a cloud computing model that provides a platform allowing customers to develop, run, and manage applications without dealing with the complexity of building and maintaining the infrastructure.

IaaS

Infrastructure as a Service is a model of cloud computing that delivers virtual computing resources via the internet.

Cloud-Based

Pertaining to applications, services, or resources made available to users on demand via the internet from a cloud computing provider's servers.