Used Auto Sales Has Sales for This Year of $418,000,current

question 83

Multiple Choice

Used Auto Sales has sales for this year of $418,000,current liabilities of $190,400,and net working capital of $21,700.The projected sales for next year are $450,000.All current accounts change directly with sales.What is the projected value of current assets for next year?

• A)$200,306.56
• B)$204,013.11
• C)$192,626.23
• D)$228,337.32
• E)$205,706.56

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Definitions:

Abstract Method

A method that is declared in an abstract class without an implementation. Subclasses inheriting the abstract class must provide an implementation for the abstract methods.

Abstract Class

A class in object-oriented programming that cannot be instantiated on its own and is designed to be subclassed, defining or inheriting common characteristics for subclasses.

Polymorphism

The ability in programming to present the same interface for differing underlying forms (data types), allowing methods to be used in a more generic way.

Dynamic Binding

Dynamic binding is a programming concept where the code to be executed in response to function calls is determined at runtime.