Use the Following Information for Questions 127-129

question 78

Multiple Choice

Use the following information for questions 127-129.
Carla's Computer Repair Shop started the year with total assets of $270,000 and total liabilities of $180,000. During the year, the business recorded $450,000 in computer repair revenues, $255,000 in expenses, and Carla withdrew $45,000.
-Carla's Capital balance at the end of the year was

• A) $240,000.
• B) $225,000.
• C) $285,000.
• D) $195,000.

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Definitions:

Willingness to Pay

The highest price a person is willing to pay for a product or service, which indicates how much they value it.

Profit Maximization

The procedure through which an enterprise establishes the pricing and output necessary for the maximum profit.

Rock Climbing Shoe

Specialized footwear designed to provide climbers with enhanced grip and sensitivity on rock surfaces.

Monopoly

An economic scenario in which only one company dominates the entire market's supply of a specific product or service, with no competitors.