The following information relates to Rodeo Corporation: Current assets $70,000 Current liabilities $52,500 Long-term assets $210,000 Long-term liabilities $140,000 ? Based on the information given above, the amount of the current assets financed by the long-term liabilities is:
A. $12,500.
B. $52,500.
C. $102,500.
D. $70,000.
E. $17,500.
Answer: E
You might also like to view...
PRIZM is a company that specializes in which type of segmentation?
A) product differentiation B) geodemographic C) geographic D) psychographic
At his review last year, Bryan was promised a 20 percent raise if he met his production goals. Raises were included in today's paychecks, and although Bryan has met all of his goals, he received only a cost-of-living raise. In the future, Bryan's ______ will probably be ______.
A. instrumentality; high B. valence; low C. expectancy; low D. instrumentality; low E. expectancy; high
Held-to-maturity securities maturing beyond a year are reported as noncurrent assets
a. True b. False Indicate whether the statement is true or false
Tom and Zorah are having a discussion about the representation of minorities in the workforce. Tom thinks that, in general, all minority groups are equally represented, but Zorah corrects him. What does Zorah point out to Tom?
A. The percentage of minority employees peaked in the early 2000s and has plateaued since then. B. The workforce is still much more dominated by men than by women. C. While minorities are better represented, Asians still only make up about 5 percent of the workforce. D. The percentage of minority employees peaked a few years ago and is now declining. E. Representation is about the same as it was in the 1970s and 1980s.