Details Corp

question 63

Multiple Choice

Details Corp. has a book net worth of $8,150. Long-term debt is $1,650. Net working capital, other than cash, is $2,150. Fixed assets are $2,000. How much cash does the company have?

• A)$4,250
• B)$4,550
• C)$5,150
• D)$5,650
• E)$6,750

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Definitions:

Confirmation Bias

The tendency to search for, interpret, and remember information in a way that confirms one's preconceptions.

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Contrary Evidence

Information or data that challenges, contradicts, or disproves a hypothesis, theory, or prevailing belief.

Recall

The act of retrieving information or events from the past in one's memory, often assessed in psychological tests and experiments.