Danny Corporation's Total Current Assets Are Valued at $233,000 and Are

question 395

Multiple Choice

Danny Corporation's total current assets are valued at $233,000 and are comprised of cash, accounts receivable and inventory. Determine the value of the cash account given the following
Information: sales = $225,000; cost of goods sold = $135,000; accounts receivable turnover = 3
Times; inventory turnover = 1.5 times.

• A) $68,000
• B) $66,000
• C) $64,000
• D) $62,000
• E) $60,000

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Definitions:

Early Twentieth Century

A period marked by drastic social, economic, cultural, and technological changes worldwide, ranging from the 1900s to the 1939 outbreak of World War II.

Quantitative Sociology

A research method in sociology that focuses on statistical, mathematical, or numerical analysis of data collected through polls, questionnaires, surveys, etc.

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For Parsons, the almost mechanical responses to specific stimuli.

Patriarchy

A framework within society where men are predominantly in control, excelling in political roles, moral guidance, enjoying privileged statuses, and managing assets.