Use the Information Given Below to Answer the Following Questions

question 41

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 working capital?

• A) $2810
• B) $450
• C) $380
• D) $430.

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Definitions:

Hedonic

Relating to or considered in terms of pleasant (or unpleasant) sensations; often used in the context of hedonic consumption which refers to the utility derived from pleasure.

Linda Lundstrom

A Canadian fashion designer known for her innovative designs and contributions to the Canadian fashion industry.

Cognitive Dissonance

is the psychological discomfort experienced when holding two or more contradictory beliefs, values, or ideas, often leading to an alteration in beliefs or behaviors to reduce the dissonance.

Drive

An internal urge that motivates behavior towards satisfying a need or achieving a goal.