Sunday Company Reports the Following Information on December 31,2014 What Are Total Assets at December 31,2014?
A) $162,000
B)

question 6

Multiple Choice

Sunday Company reports the following information on December 31,2014:
$$\begin{array} { l l } \text { Cash } & \$ 20,000 \\\text { Accounts receivable } & 112,000 \\\text { Accounts payable } & 91,000 \\\text { Accrued wages payable } & 6,000 \\\text { Unearned revenue } & 2,000 \\\text { Paid-in capital } & 59,000 \\\text { Retained earnings } & 80,000 \\\text { Inventory } & 30,000 \\\text { Prepaid rent } & 4,000 \\\text { Equipment (net) } & 12,000\end{array}$$
What are total assets at December 31,2014?

• A) $162,000
• B) $166,000
• C) $178,000
• D) $180,000

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Definitions:

Balanced Report Card

A strategic planning and management tool used by organizations to communicate what they are trying to accomplish and to measure performance against strategic goals.

Marketing Measurement Tools

Instruments and methods used to collect, analyze, and interpret data regarding the effectiveness of marketing activities and strategies.

Marketing Budgets

Allocated funds for marketing activities, aimed at achieving marketing objectives and maximizing return on investment.

Strategic Planners

Professionals who develop strategies for organizations, focusing on long-term goals and competitive positioning.