McRae Corporation's total current assets are $460,000, its noncurrent assets are $560,000, its total current liabilities are $380,000, its long-term liabilities are $310,000, and its stockholders' equity is $330,000. Working capital is:a. $106,000
b. $168,000
c. $112,000
d. $56,000

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

A4-year project has an annual operating cash flow of $59,000. at the beginning of the project, $5,000 in net working capital was required, which will be recovered at the end of the project. the firm also spent $23,900 on equipment to start the project. this equipment will have a book value of $5,260 at the end of the project, but can be sold for $6,120. the tax rate is 35 percent. what is the year 4 cash flow?

Why is efficiency an important economic goal?