MEGAFRAME COMPUTER COMPANY
Balarce Sheet
as of Decermber 31 MEGAFRAME COMPUTER COMPANY
Income Staternent
for the Year Ended Decernber

question 73

Multiple Choice

MEGAFRAME COMPUTER COMPANY
Balarce Sheet
As of Decermber 31
$\begin{array}{lr}\text { ASSETS } \\\text { Cash } & \$ 50,000 \\\text { Accounts receivable } & 70,000 \\\text { Inventory } & 110,000 \\\text { Net plant and equipment } & 220,000\\\text { Total assets }&\$450,000\\\\\text { LIABIITES AND STOCKHOLDERS' EQUTTY }\\\text { Accounts payable } & \$ 0,000 \\\text { Accrued expenses } & 50,000 \\\text { Long-term debt } & 130,000 \\\text { Common stock } & 70,000 \\\text { Paid-in capital } & 40,000 \\\text { Retained earnings } & 90,000\\\text { Total liabilities and stockholders' equity }&\$450,000\end{array}$
MEGAFRAME COMPUTER COMPANY
Income Staternent
For the year ended Decernber 31
$\begin{array}{ll}\text { Sales (all on credit) }&\$875,000\\\text { Cost of goods sold }&600,000\\\text { Gross profit }&\$275,000\\\text { Sales and administrative expenses }&30,000\\\text { Depreciation }&55,000\\\text { Operating profit }&\$190,000\\\text { Interest expense }&25,000\\\text { Profit before taxes }&\$165,000\\(\text { Taxes (30\%) }&49,000\\\text { Net income }&\$115,500\\\end{array}$

Refer to the tables above. Megaframe's quick ratio is ________.

• A) 1.9:1
• B) 1:1
• C) 1.8:1
• D) 12:1

Explain the neuroscientific basis behind impulsive and erratic behavior during adolescence.

Discuss the influences of familial structures and dynamics on the timing of puberty.

Describe the characteristics and significance of brain development from childhood to adolescence.

Compare physical and sexual maturation timelines between genders.

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Definitions:

Profit Maximizing

The process by which a company determines the price and output level that returns the greatest profit.

Labor

The employment of both mental and physical human faculties in the generation of products and the delivery of services.

Capital

Financial assets or the financial value of assets, such as cash or goods, used in a company to fund its operations and facilitate its growth.

Superstars

Highly distinguished and successful individuals, often in sports, entertainment, or other fields.