A Firm Has $4,500 of Cash, Equipment Worth $42,000, Inventory

question 96

Multiple Choice

A firm has $4,500 of cash, equipment worth $42,000, inventory of $16,700, patents worth $12,200, and $15,600 of accounts receivable. What is the value of the total current assets?

• A)$2,500
• B)$24,700
• C)$36,800
• D)$40,000
• E)$62,900

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Definitions:

Financial Security

The condition of having stable income or resources to manage expenses comfortably, including unforeseen emergencies, without incurring unsustainable debts.

Navajo Skinwalkers

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Sorcerers

Individuals believed to have the power to influence or control events through the use of magical practices or supernatural forces.

Pilgrimages

Journeys to sacred sites for religious reasons, often entailing rituals and expressions of devotion.