Finnish Motors Has the Following Balance Sheet Accounts If the Company Has Total Liabilities and Stockholders' Equity of l

question 101

Multiple Choice

Finnish Motors has the following balance sheet accounts:
$$\begin{array} { l r } \text { Land } & \$ 150,000 \\\text { Equipment } & 90,000 \\\text { Salaries Payable } & 12,000 \\\text { Notes Payable } & 99,000 \\\text { Supplies } & 10,000 \\\text { Cash } & 25,000 \\\text { Common Stock } & 40,000 \\\text { Retained Earnings } & 100,000 \\\text { Accounts Payable } & ? \\\text { Prepaid Rent } & ?\end{array}$$
If the company has total liabilities and stockholders' equity of $290,000,what is the balance of the company's Prepaid Rent account?

• A)$15,000.
• B)$25,000.
• C)$12,000.
• D)$39,000.

Recognize the critical decisions in operations related to manufacturing and service sectors.

Understand the concept of a knowledge society.

Grasp the impact of globalization on organizations.

Learn the importance of decision-making in operations management.

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Definitions:

Ought Self

A component of self-concept based on how individuals believe they should behave or be, driven by societal, cultural, or personal standards and obligations.

Ideal Self

A person's conception of how they would like to be, embodying their aspirations and goals.

Looking-glass Self

A social psychological concept stating that a person's self grows out of society's interpersonal interactions and the perceptions of others.

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The act of stealing items of relatively low value; considered a minor crime or misdemeanor.