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

question 69

Multiple Choice

Based on the following data, what is the amount of working capital? $\begin{array}{lr}\text {Accounts payable. }&\$64,000\\\text { Accounts receivable}&114,000\\\text { Cash }&70,000\\\text {Intangible assets }&100,000\\\text {Inventory. }&138,000\\\text { Long-term investments}&160,000\\\text { Long-term liabilities}&200,000\\\text {Short-term investments. }&80,000\\\text {Notes payable (short-term) }&56,000\\\text {Property, plant, and equipment }&1,340,000\\\text {Prepaid insurance }&2,000\\\end{array}$

• A)$284,000
• B)$332,000
• C)$370,000
• D)$326,000

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Definitions:

Total Output

The total amount of goods and services produced by an economy or a firm within a specific period.

Productive Capacity

The maximum output a company, sector, or economy can produce using its current resources efficiently.

Wage Bill

The total amount of money paid by businesses to their employees for work performed, typically over a specific period.

Remittance

The transfer of money by foreign workers to individuals in their home country.