Vista Camera Services Started the Year with Total Assets of $90,000

question 66

Multiple Choice

Vista Camera Services started the year with total assets of $90,000 and total liabilities of $65,000.The revenues and the expenses for the year amounted to $120,000 and $50,000,respectively.During the year,the owner did not make any additional contributions,but made withdrawals of $55,000.What is the amount of owner's equity at the end of the year?

• A)$50,000
• B)$120,000
• C)$40,000
• D)$55,000

Calculate the impact of price changes on quantity demanded and total revenue using elasticity coefficients.

Understand how specific and challenging goals affect commitment and motivation.

Acquire knowledge on the application and effectiveness of expectancy theory in improving workplace motivation.

Learn the basic terminology and mechanisms of expectancy theory.

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Definitions:

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A research method that determines the degree to which two variables are related to each other.

Correlation Coefficients

A measure used in statistics to indicate the degree to which two variables change together.

Relationship

A connection, association, or involvement between two or more entities characterized by emotional, social, or professional interactions.