The Amount of Net Working Capital for Ideko in 2007

question 36

Multiple Choice

The amount of net working capital for Ideko in 2007 is closest to:

• A)$30,510
• B)$26,420
• C)$22,170
• D)$35,195

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Definitions:

Supply Equation

An algebraic equation that represents the relationship between the quantity supplied of a good and its price, holding other factors constant.

Price Floor

A government or regulatory imposed minimum price above which a particular good or service cannot be traded.

Shortage/Surplus

A market condition where the quantity of a good supplied is less/more than the quantity demanded at the market price.

Price Ceiling

A price ceiling is a government-imposed limit on how high a price can be charged for a product or service, intended to protect consumers from prices that are deemed too high.