A Firm Has $480 in Inventory,$1,860 in Fixed Assets,$520 in Accounts

question 6

Multiple Choice

A firm has $480 in inventory,$1,860 in fixed assets,$520 in accounts receivables,$190 in net working capital,and $120 in cash.What is the amount of the current liabilities?

• A)$550
• B)$770
• C)$820
• D)$760
• E)$930

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Definitions:

Intuition

The ability to understand or know something immediately based on instincts rather than conscious reasoning.

Serendipity

The occurrence of events by chance in a happy or beneficial way, often leading to unexpected and valuable discoveries.

Accidental Discovery

The process of finding something important or useful without actively searching for it, typically resulting in unexpected innovation or knowledge.

Prospective Business Owners

Individuals who are considering starting or purchasing a business.