Gladsden Refinishers Currently Has $21,900 in Sales and Is Operating

question 36

Multiple Choice

Gladsden Refinishers currently has $21,900 in sales and is operating at 45 percent of the firm's capacity.What is the full capacity level of sales?

• A)$31,755
• B)$36,250
• C)$48,667
• D)$51,333
• E)$54,500

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Definitions:

T Account

A graphical representation used in accounting to show the effect of transactions on individual accounts, displaying debits on the left and credits on the right.

Debts

Money owed by an entity to another party, required to be paid back, typically with interest.

Liabilities

Financial obligations or debts that a business owes to others, which must be settled over time through the transfer of economic benefits.

Dividends

Portions of a company's earnings that are distributed to shareholders, typically in the form of cash or additional shares.