Use the Following Information for Questions

question 6

Multiple Choice

Use the following information for questions
Sweeney Corporation had $250,000 in current assets and $90,000 in current liabilities before borrowing $50,000 from the bank for a 3-month period.
-What effect did the borrowing transaction have on the amount of Sweeney's working capital?

• A)No effect
• B)$50,000 increase
• C)$90,000 increase
• D)$50,000 decrease

Understand the basic concepts of utility and how it affects consumer behavior.

Identify how changes in consumption can affect total utility.

Differentiate between maximizing utility and equalizing marginal utility per dollar across goods.

Analyze consumption choices based on given data to determine utility optimization.

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Definitions:

Hourly Rate

The amount of money paid for each hour of work.

Raise

Typically refers to an increase in salary or wages, but can also pertain to raising capital or funding for business or investment purposes.

Unit Price

The price of a single unit of measure of a product or service.

Tissues Per Box

The count of individual tissue pieces contained within a single box packaging.