Donner United has total owners' equity of $18,800. The firm has current assets of $23,100, current liabilities of $12,200, and total assets of $36,400. What is the value of the long-term debt?

a. 5,400
b. 12,500
c. 13,700
d. 29,800
e. 43,000

Ans: e. 43,000

Business

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The only marketing mix element that is applicable in export selling is:

A) price. B) product. C) promotion. D) place. E) process.

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Palladia specializes in the production of beef and produces beef more efficiently than any other country. It buys wheat, which it produces less efficiently than beef, from Rhodia, even though it produces wheat more efficiently than Rhodia

Which of the following theories of international trade supports Palladia's decision to buy wheat from Rhodia? A. The Samuelson critique B. Mercantilism C. Ricardo's theory of comparative advantage D. Adam Smith's theory of absolute advantage E. The Leontief paradox

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