Use the Information Given Below at 30 June 2019 to Answer

question 12

Multiple Choice

Use the information given below at 30 June 2019 to answer the following question. What is the balance of total assets at 30 June 2019?

• A) $400 000
• B) $420 000
• C) $580 000
• D) None of the above.

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Definitions:

Capital

Financial assets or the financial value of assets, such as cash and securities, or fixed assets like buildings and machinery, that are used in producing goods or services.

Short-Run

A period of time during which at least one of a firm's inputs is fixed.

Machines

Devices or systems of devices that perform tasks or assist in the performance of tasks, often using mechanical, electrical, or computer-driven components.

Total Cost

Refers to the complete cost incurred in the production of goods or services, including both fixed and variable costs.