Use the Information That Follows from the Financial Statements of Pines

question 36

Essay

Use the information that follows from the financial statements of Pines Company at December 31, 2017, to answer questions 16 through 20 that follow.
$\begin{array}{lr}\text { Accounts payable } & \$ 2,000 \\\text { Accounts receivable } & 3,000 \\\text { Capital stock } & 8,000 \\\text { Cash } & 5,000 \\\text { Inventory } & 19,000 \\\text { Land } & 24,000 \\\text { Notes payable (short-term) } & 5,000 \\\text { Cost of goods sold } & 12,000 \\\text { Retained earnings } & 21,000 \\\text { Sales revenue } & 20,000\end{array}$
-Calculate total working capital for Pines Company at December 31, 2017.

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Definitions:

"Me"

A concept in sociology that refers to the part of an individual's self that is formed through social interaction and understands societal expectations.

Immediate Gratification

The desire to experience pleasure or fulfillment without delay or deferment, often prioritizing short-term rewards over long-term benefits.

The Id

According to Freud, is the part of the self that demands immediate gratification.

Societal Rules

Norms, guidelines, and laws established by a society to regulate behavior and maintain order among its members.