Acorporation was incorporated on january 1, year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. during the first year of operations, net income was $25,000. on december 15, the corporation paid a $2,000 cash dividend. no additional activities affected equity in year 6. at december 31, year 6, the corporation’s liabilities had increased to $94,000. in the corporation’s december 31, year 6 balance sheet, total assets should be reported at
a. $598,000
b. $600,000
c. $692,000
d. $617,000

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Which of the following is least likely to a team solve problems together