Winsome Inc

question 83

Multiple Choice

Winsome Inc. reports total assets and total liabilities of $225,000 and $100,000, respectively, at the end of its first year of business. The company earned $75,000 during the first year and distributed $30,000 in dividends. What was the corporation's contributed capital?

• A) $125,000
• B) $95,000
• C) $80,000
• D) $50,000

Understand the fundamental principles of contract law, including offer, acceptance, and consideration.

Differentiate between offers and invitations to treat.

Identify the conditions under which an offer can be revoked.

Comprehend the effects of counter-offers on the original offer.

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Definitions:

Labor Force

Consists of all the working-age individuals who are employed or actively seeking employment within an economy.

Occupational Segregation

A pattern in which different groups of workers are separated into different occupations.

Secretaries

Administrative professionals responsible for managing correspondence, maintaining files, and executing other office tasks to support an organization or individual.

Child-care Workers

Individuals who provide care and supervision for children, especially during working hours for parents, often in settings like daycare centers or private homes.