Calculate united's total assets if the firm expects sales to grow 15 percent this year and the earnings after tax will be $50,000. united paid $20,000 in dividends last year and expects to increase dividends 10 percent this year. the firm will need additional financing of $25,000 to finance the expected growth. united started the year with $40,000 in accounts payable; $30,000 in notes payable; and $100,000 in long-term debt. the company is operating at full capacity.

Value economics capital scarcity opportunity cost wealth labor trade-offs standard of living good a. condition of not having enough resources to produce all the things people want b. alternative choices made by consumers in the marketplace c. sum of those economic products that are tangible, scarce, useful, and transferable d. tools, equipment, machinery, and factories used in the production of goods and services e. tangible item that is economically useful or that satisfies an economic want f. quality of life based on the ownership of the necessities and luxuries that make life easier g. people with all their efforts, abilities, and skills h. cost of the next-best alternative use of money, time, or resources when one choice is made rather than another i. study of how people try to satisfy their needs through the careful use of scarce resources j. worth that can be expressed in dollars and cents