Below Is Accounting Information for Cascade Company for 2013 What Were the Total Assets at Year-End?
A) $320,000
B)

question 86

Multiple Choice

Below is accounting information for Cascade Company for 2013: $\begin{array}{|l|r|}\hline \text { Revenue } & \$ 416,000 \\\hline \text { Cash } & \$ 120,000 \\\hline \text { Common stock } & \$ 200,000 \\\hline \text { Expenses } & \$ 300,000 \\\hline \text { Equipment } & \$ 240,000 \\\hline \text { Accounts receivable } & \$ 35,000 \\\hline \text { Notes payable } & \$ 50,000 \\\hline \text { Notes receivable } & \$ 62,000 \\\hline\end{array}$ What were the total assets at year-end?

• A) $320,000
• B) $296,000
• C) $316,000
• D) $457,000
• E) $116,000

Analyze the impact of changes in scale on production costs and output.

Understand the concept of marginal cost and its relevance to production decisions.

Distinguish between fixed and variable costs.

Identify the relationships between output, cost, and profitability.