Kramer and Associates Has the Following Account Balances Listed in Alphabetical

question 131

Multiple Choice

Kramer and Associates has the following account balances listed in alphabetical order: Accumulated Depreciation,$23,000;Accounts Payable,$8,500,Accounts Receivable,$12,000;Cash,$3,500;Equipment,$44,000,Land,$21,000,Mortgage Payable,$45,000;Prepaid Insurance,$7,500;Supplies,$2,000;Unearned Revenue,$6,000;Wages payable,$4,500.Kramer and Associates' long-term assets are:

• A)$90,000.
• B)$25,000.
• C)$42,000.
• D)$65,000.

---

Definitions:

Discrimination Coefficient

A measure of the cost or disutility of prejudice; the monetary amount an employer is willing to pay to hire a preferred worker rather than a nonpreferred worker of the same ability.

African Americans

A term referring to citizens or residents of the United States who have ancestry from native populations of Africa.

Crowding Model

An economic theory that describes how public sector employment can impact wages and employment levels in the private sector.