Based on the Following Data, What Is the Amount of Current

question 87

Multiple Choice

Based on the following data, what is the amount of current assets? $\begin{array} { l } \text {Accounts payable }&\$ 62,000\\ \text { Accounts receivable}&100,000\\ \text {Cash }&70,000\\ \text {Intangible assets }&100,000\\ \text { Inventory.}&138,000\\ \text {Long-term investments }&160,000\\ \text {Long-term liabilities }&200,000\\ \text {Short-term investments. }&80,000\\ \text {Notes payable }&56,000\\ \text { Property, plant, and equipment}&1,340,000\\ \text {Prepaid insurance }&2,000\\\end{array}$

• A)$232,000
• B)$390,000
• C)$252,000
• D)$250,000

---

Definitions:

Marginal Product

The marginal product is the additional output that is produced by using one more unit of a particular input, holding all other inputs constant, in the process of production.

Mechanics

The branch of physics that deals with the motion of objects and the forces that affect that motion.

Marginal Product

The additional output produced as a result of adding one more unit of a specific input, keeping other inputs constant.

Value of Marginal Product

The additional revenue generated by employing one more unit of a factor of production, such as labor.