Your firm has the following balance sheet statement items: total current liabilities of $805,000; total assets of $2,655,000; fixed and other assets of $1,770,000; and long-term debt of $200,000. What is the amount of the firm's total current assets?
A) $885,000
B) $1,550,000
C) $600,000
D) $325,000
Answer: A
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On January 1, 2015, Danville Corporation acquired a machine at a cost of $60,000. The machine's service life was estimated to be ten years and its residual value to be $6,000. The straight-line method was used for depreciation. On January 1, 2020, the machine was no longer useful and was sold for $3,000. For 2020, in regard to this machine, how much of a loss should Danville record?
A) $27,000 B) $30,000 C) $3,000 D) $60,000
Hard work, frugality and patriotism are values typically held by the generation raised by parents who went through the depression.
a. true b. false
The adoption curve shows that
A. some groups accept a new idea before others. B. most new products are introduced too slowly. C. the marketing plan for a new product should schedule most of the promotion spending right when the product is first introduced. D. a firm should stick to the same promotion effort as time passes. E. All these answers are correct.
Successful Six Sigma projects are likely to accomplish all of the following except?
a. Meet strategic business objectives b. Reduce product/service variation c. Increase inventory levels d. Produce a product/service that satisfies the customer