Tre-Bien Bakeries Generated Net Income of $233,412 This Year

question 72

Multiple Choice

Tre-Bien Bakeries generated net income of $233,412 this year. At year end, the company had accounts receivables of $47,199, inventory of $63,781, and cash of $21,461. It also had accounts payables of $51,369, short-term notes payables of $11,417, and accrued taxes of $6,145. The net working capital of the firm is

• A) $68,931
• B) $63,510
• C) $69,655
• D) none of the above

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Definitions:

Frederic Bartlett

A pioneering psychologist known for his work on memory and cognitive psychology, emphasizing the importance of schemas in understanding and remembering.

Reactive Interference

The phenomenon where newly learned information interferes with the recall of previously learned information.

Retroactive Interference

A memory problem where new information interferes with the ability to recall older information.

Proactive Interference

The phenomenon where older memories interfere with the recall of newer memories.