NNR Inc'S Balance Sheet Showed Total Current Assets of $1,875,000 Plus

question 41

Multiple Choice

NNR Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets.All of these assets were required in operations.The firm's current liabilities consisted of $475,000 of accounts payable, $375,000 of 6% short-term notes payable to the bank, and $150,000 of accrued wages and taxes.Its remaining capital consisted of long-term debt and common equity.What was NNR's total investor-provided operating capital?

• A) $4,694,128
• B) $4,941,188
• C) $5,201,250
• D) $5,475,000
• E) $5,748,750

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Definitions:

Managerial Roles

The specific categories of activities performed by managers, as identified by Henry Mintzberg, including interpersonal, informational, and decisional roles.

Behavioral Scientists

Researchers who study and analyze the actions and interactions of humans and animals.

Leadership

The act of guiding, directing, and influencing others towards achieving collective goals or visions.

Scientific Construct

A theoretical concept that is developed to explain patterns in observations and is utilized in the empirical testing of hypotheses.