The Following Information Was Provided from the Records of Nimble

question 67

Multiple Choice

The following information was provided from the records of Nimble Limited, which began operations in the current year: $$\begin{array} { | l | r | } \text { Accrued expenses (payable) , end of year } & \$ 22,000 \\\hline \text { Sales revenue (cash and credit) } & 325,000 \\\hline \text { Prepaid expenses, end of year } & 5,000 \\\hline \text { Cash collected on customer accounts during the year } & 31,000 \\\hline \text { Cash paid for expenses (including prepaid expenses and cost of } & 187,000 \\ \text { goods sold) } & \\\hline\end{array}$$ What was the company's pre-tax income for the year?

• A)$116,000
• B)$121,000
• C)$138,000
• D)$169,000

Distinguish between the effects of technological advances and resource costs on supply.

Recognize the impact of natural disasters on supply and demand.

Explain the concept of opportunity cost and its importance in economic decision-making.

Describe how changes in supply and demand affect market equilibrium and producer surplus.

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Definitions:

Women Working Full-Time

The employment status of women who are engaged in work for the standard number of hours defined as full-time by a particular country or industry.

Similar Positions

Situations or job roles that have comparable responsibilities, functions, or statuses.

Mexican Population

The demographic group consisting of people who identify as Mexican in Mexico or as part of a Mexican community in other countries, such as the United States.

Mexico City

The capital and largest city of Mexico, known for its rich history, culture, and as a major political, economic, and cultural center.