Last Year, Which Is Used as the Base Year, a fiRm

question 264

Multiple Choice

Last year, which is used as the base year, a firm had cash of $46, accounts receivable of $132, inventory of $319, and net fixed assets of $640. This year, the firm has cash of $52, accounts
Receivable of $147, inventory of $312, and net fixed assets of $576. What is the common-base year
Value of accounts receivable?

• A) .88
• B) .90
• C) 1.11
• D) 1.13
• E) 1.18

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Definitions:

Meeting Minutes

A written record of the main points and decisions made during a meeting.

Verify Impressions

The act of confirming or validating initial perceptions or judgments.

Telepresence

Technology that allows a person to feel as if they are present, to give the appearance of being present, or to have an effect, via telerobotics, at a place other than their true location.

Feedback

Information provided regarding aspects of one’s performance or understanding, intended to guide future improvements.