Refer to the Following List of Liability Balances at December

question 166

Multiple Choice

Refer to the following list of liability balances at December 31, 2018. $$\begin{array} { | l | r | } \hline \text { Accounts Payable } & \$ 22,000 \\\hline \text { Employee Health Insurance Payable } & 1450 \\\hline \text { Employee Income Tax Payable } & 400 \\\hline \text { Estimated Warranty Payable (Due 2019) } & 1200 \\\hline \text { Long-Term Notes Payable (Due 2022) } & 37,000 \\\hline \text { FICA-OASDI Taxes Payable } & 1560 \\\hline \text { Sales Tax Payable } & 1270 \\\hline \text { Mortgage Payable (Due 2023) } & 7000 \\\hline \text { Bonds Payable (Due 2024) } & 53,000 \\\hline \text { Current Portion of Long-Term Notes Payable } & 7500 \\\hline\end{array}$$ What is the total amount of current liabilities?

• A) $35,380
• B) $27,880
• C) $27,480
• D) $26,280

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Definitions:

Jensen Measure

A performance metric that evaluates a portfolio manager's ability to generate excess returns relative to a benchmark, adjusting for risk.

Risk-Free Return

The return on an investment with zero risk, typically associated with U.S. Treasury securities.

Treynor's Measure

A performance metric for determining how well an investment compensates the investor for taking a risk, considering the risk-free rate.

Risk-Free Return

The theoretical return on an investment with no risk of financial loss.