A Firm Has $300 in Inventory, $600 in Fixed Assets

question 268

Multiple Choice

A firm has $300 in inventory, $600 in fixed assets, $200 in accounts receivables, $100 in accounts payable, and $50 in cash. What is the amount of the current assets?

• A) $500
• B) $550
• C) $600
• D) $1,150
• E) $1,200

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Definitions:

Major Organic Product

The principal compound resulting from an organic chemical reaction, often the one present in the greatest amount or yield.

Reaction

An operation in which different substances amalgamate, producing new variants with altered traits.

Dipropyl Ether

An organic compound that is a type of ether in which two propyl groups are attached to the same oxygen atom.

Cleavage

The breaking or splitting of a chemical bond in a molecule, leading to the formation of two or more smaller molecules or fragments.