Given the Following List of Accounts, Calculate Total Assets A) $84,100
B) $59,700
C) $46,250
D) $39,700

question 3

Multiple Choice

Given the following list of accounts, calculate Total Assets: $\begin{array}{ll}5,000 & \text { Accounts Receivable } \\20,000 & \text { Cqpital Stock } \\19,300 & \text { Cash } \\15,400 & \text { Equipment } \\44,400 & \text { Fees Earned } \\18,200 & \text { Miscellaneous Expense } \\4,150 & \text { Rent Expense } \\6,550 & \text { RetainedEarnings } \\13,900 & \text { Wages Expense }\end{array}$

• A) $84,100
• B) $59,700
• C) $46,250
• D) $39,700

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Definitions:

Price Cut

A reduction in the selling price of goods or services, often to attract more customers or boost sales.

Consumers Spend

The total amount of money expended by consumers on goods and services within a specific time period.

Total Revenue

The total receipts a firm obtains from the sale of goods or services, calculated as the quantity sold multiplied by the price.

Declines

Situations where quantities, values, or levels decrease over a period.