Ajax Company Was Founded in 2012

question 158

Multiple Choice

Ajax Company was founded in 2012. Its yearly earnings are shown here:
2012: Net income of $4,000
2013: Net income of $23,000
2014: Net income of $2,000
2015: Net loss of $30,000
No dividends were paid. At the end of the year 2015, what amount would be shown on the balance sheet for Retained earnings?

• A) Negative $1,000
• B) Positive $29,000
• C) Positive $31,000
• D) Negative $30,000

Grasp the principles of writing and updating job descriptions, including the analysis and research involved.

Understand the legal implications and requirements for job descriptions, including educational prerequisites.

Realize the significance of keeping job descriptions up-to-date and accurately reflective of the job.

Acknowledge that job descriptions should be focused on the position, not customized for individuals.

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Definitions:

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Nonexcludable

A characteristic of a good or service that prevents individuals who have not paid for it from being easily excluded from its use or benefit.

Nonrival

A characteristic of a good or service where one person's use does not diminish its availability to others.

Marginal Cost

The increase in total production cost that arises from producing one additional unit of a good or service.