The Balances of Select Accounts of Sandra Company as at December

question 10

Multiple Choice

The balances of select accounts of Sandra Company as at December 31, 2015 are given below: What are the total long-term assets that would be shown on the balance sheet?

• A)$120,000
• B)$152,200
• C)$155,000
• D)$158,000

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Definitions:

Materials Productivity

A measure of how efficiently materials are utilized to produce goods and services.

Ratio

A quantitative relationship between two numbers that shows how many times one value is contained within the other.

Operations Management

The administration of business practices aimed at ensuring maximum efficiency within a company, focusing on product and service development, production, and distribution.

Intangible Resources

Intangible resources are assets that do not have physical substance but hold value for a company, such as intellectual property, brand reputation, and goodwill.