Use the Information Given Below to Answer the Following Questions

question 58

Multiple Choice

Use the information given below to answer the following questions:
James has a business mowing lawns. On 31 December 2012, he has a utility truck worth $7000, a mower worth $250 and an edger worth $110. Fuel on hand cost $70. Customers owe him $360 and he owes his fuel supplier $90. He owes his sister $5000, which is a long-term loan, and he has $110 in his business bank account.
-What is James's owners' equity?

• A) $7810
• B) $2810
• C) $110
• D) $2590.

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Definitions:

Public Training Programs

Educational or vocational training initiatives funded or provided by the government to improve workforce skills.

Job Search Efficiency

The effectiveness with which individuals can find suitable employment, often influenced by factors like skill levels, market conditions, and search methods.

Natural Rate Of Unemployment

The normal rate of unemployment around which the unemployment rate fluctuates.

Government-Run Employment Agencies

Government-run employment agencies are agencies established by governments to help individuals find employment and assist employers in finding suitable candidates for their job openings.