Using the Following Balance Sheet and Income Statement Data What

question 67

Multiple Choice

Using the following balance sheet and income statement data what is the total amount of working capital? $$\begin{array}{l}\begin{array} { l c l c } \text { Current assets } & \$ 21,000 & \text { Net income } & \$ 45,000 \\\text { Current liabilities } & 12,000 & \text { Stockholders' equity } & 63,000 \\\text { Average assets } & 132,000 & \text { Total liabilities } & 27,000\end{array}\\\text { Total assets } \quad 90,000\end{array}$$

• A)$7000
• B)$5000
• C)$9000
• D)$2000

Comprehend the role of governments in the economy and how they intervene across different economic systems.

Identify the advantages and legal statuses of corporate ownership.

Recognize government actions in maintaining a capitalist economy.

Understand the ideal features of communism as an economic system.

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Civil Rights Act

A landmark piece of U.S. legislation passed in 1964 that outlaws discrimination based on race, color, religion, sex, or national origin.

Bona Fide Occupational Qualification

A legal term allowing employers to hire individuals based on characteristics that are normally considered discrimination if they are reasonably necessary to the normal operation of a particular business.

Civil Rights Act

A crucial U.S. law that bans discrimination rooted in race, color, religious beliefs, gender, or where someone comes from.

Americans With Disabilities Act

Legislation aimed at preventing discrimination against individuals with disabilities, ensuring their rights in various areas including employment, public accommodations, and transportation.