Presented below are condensed data from the financial statements of Snap Factory for 2015 and 2014. The figures are expressed in thousands. Use this information to answer the questions that follow.
Required: How much of Snap Factory is financed by owners at the end of December of 2015?
Definitions:
Long-run Equilibrium
A state in which all aspects of a market, including supply and demand, production costs, and economic resources, are balanced, allowing for consistent economic conditions over time.
Perfectly Competitive
A market structure characterized by many sellers and buyers, homogeneous products, free entry and exit, and perfect information, leading to an optimal distribution of resources.
Conditions
Various factors or circumstances that affect the operation of a market or the outcome of an economic model.
External Economies
Benefits that arise from a firm's actions but are enjoyed by other parties or firms without compensation, typically leading to an under-provision of a good or service.
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