Use the Following Data to Determine the Total Amount of Working

question 38

Multiple Choice

Use the following data to determine the total amount of working capital. $\begin{array} { l } \text {Carne Auto Supplies }\\ \text { Balance Sheet }\\ \text { December 31,2022 }\\\begin{array}{lr}\text { Cash } & \$ 0,000 \\\text { Accounts receivable } & 100,000 \\\text { Inventory } & 140,000 \\\text { Prepaid insurance } & 80,000 \\\text { Stock investments } & 180,000 \\\text { Land } & 190,000\\\text { Buildings } & \$ 230,000 & \\\text { Less: Accumulated } & \\\quad \text { depreciation } (60,000) & 170,000 \\\text { Patent } & 140,000 \\\text { Total assets } & \$ 1,070,000\\\end{array}&\begin{array}{lrr}\text { Accounts payable } & \$ 130,000 \\\text { Salaries and wages payable } & 20,000 \\\text { Mortgage payable } & 180,000 \\\text { Total liabilities } & 330,000\\\\\\\text { Common stock } & 240,000 \\\text { Retained earnings } & 500,000 \\\text { Total stockholders' equity } & 740,000 \\\text { Total liabilities and } & \\\text { stockholders' equity } & \$ 1,070,000\\\end{array}\\\end{array}$

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Definitions:

Squeeze Technique

A method used to delay ejaculation by squeezing the penis at the base of the glans, typically employed as a treatment for premature ejaculation.

Sensate Focus

The focusing on touch and the giving and receiving of pleasure as part of the treatment of sexual difficulties.

Sensate Focus

A technique used in sex therapy that involves partners taking turns touching each other's bodies to enhance intimacy and reduce performance pressure.

Masters and Johnson Institute

A research institution founded by William Masters and Virginia E. Johnson, known for its study of human sexual response and the diagnosis and treatment of sexual disorders.