The Balances of Select Accounts of Sandra Inc

question 91

Multiple Choice

The balances of select accounts of Sandra Inc.as of 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:

Variable Costs

Expenditures that change in direct response to production volumes, such as direct labor and raw materials.

Variable Food Costs

Variable food costs change with the level of production or sales, such as the cost of ingredients for a restaurant.

Performance Evaluation

The process of assessing the efficiency and effectiveness of employees, departments, or organizations, often for the purpose of making decisions related to promotions, compensations, and training.

Other Departments

A general term that refers to various separate units or divisions within a company, each responsible for specific functions or operations not specified by previous terms.