Darden Company has cash of $40,000, accounts receivable of $50,000, inventory of $26,000, and equipment of $70,000. Assuming current liabilities of $34,000, this company's working capital is:
A. $82,000.
B. $16,000.
C. $112,000.
D. $56,000.
Answer: A
You might also like to view...
(CMA adapted, Jun 86 #5) A bond issue sold at a premium is valued on the statement of financial position at the
a. maturity value. b. maturity value plus the unamortized portion of the premium. c. maturity value less the unamortized portion of the premium. d. current market value. e. par value.
Answer the following statement(s) true (T) or false (F)
1. It is critical that organizations monitor their customer service performance. 2. Improvements to financial performance measures always indicate that a company’s processes are being managed more effectively. 3. The productivity growth rate can only take on positive values or zero. 4. Productivity is defined as a ratio of outputs over inputs.
Answer the following statement(s) true (T) or false (F)
11. According to Csikszentmihalyi’s Polarity of Creative Individuals, a person cannot be both disciplined and playful. 12. Creativity is something we are born with. 13. There is strong research support that people are either left-brained or right-brained. 14. Self-punishment and self-goal setting are the same behavior strategy. 15. Fear can have a detrimental effect on creativity. 16. Research suggests that when we believe in our ability to succeed in something, we are more likely to actively take the steps to make it happen. 17. If you score low on the General Self-Efficacy Scale (GSES) you are likely to put in a higher level of effort, persist with an idea, and persevere with a task more than those people who possess high levels of self-efficacy.
Which of the following is true regarding fraud claims?
a. they can be completely avoided by not saying anything b. they differ from breach of contract claims primarily in the degree of harm suffered by the plaintiff c. the false statement was made intentionally or with reckless disregard for the truth d. if injury occurs, it doesn't matter whether the false statement was made intentionally or unintentionally