Brad's Company Has Equipment with a Book Value of $1,380

question 35

Multiple Choice

Brad's Company has equipment with a book value of $1,380 that could be sold today at a 20 percent discount.Its inventory is valued at $360 and could be sold to a competitor for 90 percent of that value.The firm has $45 in cash and customers owe them $240,of which 97 percent is collectible.What is the accounting value of its liquid assets?

• A)$601.80
• B)$350.00
• C)$2,025.00
• D)$645.00
• E)$1,705.80

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Definitions:

Aptitudes

Refers to natural talents or abilities that enable individuals to perform certain tasks effectively.

Competencies

A combination of knowledge, skills, abilities, and other characteristics that enable individuals to perform a job effectively.

Skills

The ability to perform tasks and solve problems due to knowledge, practice, and aptitude.

Motivation

The internal drive or factors that prompt individuals to take action towards achieving a goal, influenced by a combination of intrinsic and extrinsic factors.