Tre-Bien Bakeries Generated Net Income of $233,412 This Year

question 72

Multiple Choice

Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is

• A) $68,931
• B) $63,510
• C) $69,655
• D) none of the above

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Definitions:

Termination

The process of ending employment or concluding an engagement or agreement.

Discriminatory Firings

The act of terminating employees' contracts based on biased, unfair reasons, such as age, gender, race, or religion.

Deadweight Loss

A reduction in economic effectiveness that happens when it's impossible to reach or the equilibrium result is not attained.

Demand Curve

A graph showing the relationship between the price of a good and the amount of that good consumers are willing to buy.