The Assets of Star Company Are $120,000 and the Total

question 5

Multiple Choice

The assets of Star Company are $120,000 and the total liabilities are $10,000. The equity is ________.

• A) $120,000
• B) $130,000
• C) $10,000
• D) $110,000

---

Definitions:

Product Markets

Markets where goods and services produced by businesses are sold to households and other businesses.

Optimal Level

The most efficient, effective, or desirable point or state for a specific goal or condition, often in economic and operational contexts.

Market Supply Curve

Represents the total quantity of a good or service that all producers in a market are willing to sell at different price levels, at a given time.

Shift

A change in the position of a demand or supply curve, indicating a change in the quantity demanded or supplied at every price.