A vendor sells hot dogs at $17.00 /piece. For every hot dog he spends $11.23 in the raw material. Additionally he spends $0.90 for packing each hotdog and monthly $46.00, $25.00, $13.00 as food truck rent, electricity and other expenses respectively. How much is the vendor contributing to covering his fixed costs or generating profits

Answers

Answer 1

Answer: $4.87

Explanation:

The question is asking for the Contribution margin which is the amount left of the selling price after the variable costs have been deducted.

Contribution margin = Selling price - variable costs

= Selling price - Raw materials - packing costs

= 17 - 11.23 - 0.90

= $4.87


Related Questions

What is the beta for a 2 stock portfolio with a 0.43 weight in Walmart stock and the remainder in Amazon

Answers

Answer: 0.82

Explanation:

From the given formulas, the beta of Walmart is 0.3616 and the beta of Amazon is 1.1634.

The portfolio beta is going to be a weighted average of these two betas:

= (0.43 * 0.3616) + ( (1 - 0.43) * 1.1634)

= 0.155488 + 0.663138

= 0.82

Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock, he earned $10 in dividends.

What was his total percentage return on the investment?


-17.65%

-15.00%

-9.24%

-7.86%

Answers

Answer:

Curtis

The total percentage return on the investment is:

= -7.86%.

Explanation:

a) Data and Calculations:

Initial share price at which the stock was purchased = $140

The selling share price = $119

Dividends earned during the stock ownership (holding period) = $10

Total returns, including proceeds from the sales = $129 ($119 + $10)

Total returns from holding the stock until sold

= Total returns + sales proceeds minus Initial purchase cost

= -$11 ($129 - $140)

Total percentage return on the investment = $11/$140 * 100

= 7.857

= 7.86%

You are the manager of a local sporting goods store and recently purchased ashipment of 60 sets of skis and ski bindings at a total cost of $30,000 (yourwholesale supplier would not let you purchase the skis and bindings separately,nor would it let you purchase fewer than 60 sets). The community in whichyour store is located consists of many different types of skiers, ranging fromadvanced to beginners. From experience, you know that different skiers valueskis and bindings differently. However, you cannot profitably price discrimi-nate because you cannot prevent resale. There are about 20 advanced skierswho value skis at $350 and ski bindings at $250; 20 intermediate skiers whovalue skis at $250 and ski bindings at $375; and 20 beginning skiers who valueskis at $175 and ski bindings at $325. Determine your optimal pricing strateg

Answers

Answer:

Optimal price is $575 which includes skis and ski binding.

Explanation:

Skiers who value skis at

Advance 20 * [$350 + $250] = $12,000

Intermediate 20 * [$250 + $375] = $12,500

beginners 20 * [$175 + $325] = $10,000

Total Revenue $34,500

Optimal price $34,500 / 60 = $575.

SmartCorp sells 500 units, resulting in $75,000 of sales revenue, $32,000 of variable costs, and $20,000 of fixed costs. The number of units that must be sold to achieve $41,000 of operating income is: (Round intermediary calculations to two decimal places, and your final answer up to the nearest whole number.)

Answers

Answer: 709

Explanation:

selling price per unit will be:

= $75000/500

= $150

Variable cost per unit:

= $32000/500

= $64

Contribution margin per unit = $150 - $64 = $86

Number of units to be sold will now be:

= ($20000 + $41000) / $86

= $61000/$86

= 709

Highest and best use would best be defined as:

Answers

Answer:

The reasonable, probable and legal use of vacant land or an improved property, which is physically possible, appropriately supported, financially feasible, and that results in the highest value.

Explanation:

With highest value or in general great state

Jamie is single. In 2020, she reported $108,000 of taxable income, including a long-term capital gain of $5,800. What is her gross tax liability

Answers

Answer:Jamie's gross tax liability is $19,572.50

Explanation:

Since Jamie is single with taxable income of $108,000 which  includes $5,800 long term capital gain.

Therefore  $102,200 (108,000 -5,800) will be taxed under normal tax rates and $5,800 would be under long term capital gain tax rate.

With regards the 2020 tax schedule,  Since her ordinary income is  $102,200, Jamie falls under 24% rate tax bracket under filing for single status.

qd

Tax liability on ordinary income =$14,382.50 plus 24% of any income you made above $84,200

14,382.50 + 0.24 (102,200 - 84,200)

14,382.50 + 0.24 x 18000

                 = 14,382.50 + 4,320

                 = $18,702.50

Also, according to her income, longterm capital gain tax applicable in 2020 is 15%

Tax on long term capital gain = 5,800 × 0.15

                                              = $870

Jamie's gross tax liability is $18,702.50 + 870 = $19,572.50

Mr. J's Bagels invested in a new oven for $14,000. The oven reduced the amount of time for baking which increased production and sales for five years by the following amounts of cash inflows:
Year 1: $8,000
Year 2: $6,000
Year 3: $5,000
Year 4: $6,000
Year 5: $5,000
The payback period for the investment in the oven would be:
a: 5 years
b: 2.3 years
c: 2.0 years
d: 0.5 years

Answers

Answer:

c: 2.0 years

Explanation:

The computation of the payback period is shown below:

Since initial investment is $14,000

And, if we add the first two cash inflows i.e.

= $8,000 + $6,000

= $14,000

So, it is equivalent to the initial investment made

So, this means the investment amount payback in 2 years

Therefore the option c is correct

The country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturing firms, chemical plants, and leather manufacturing companies, most of which are well reputed and internationally competitive. This has made Arcadia a major force in the global economic market. Which of the following factors of Michael Porter's diamond model is responsible for giving Arcadia an edge over its competitors?
A) Related and supporting industries
B) Demand conditions
C) Company strategy, structure and rivalry
D) Factor conditions

Answers

Answer:

A) Related and supporting industries

Explanation:

Competitive advantage is the edge an entity has over others that results in higher profit margins.

According to Michael Porter there are 4 factors that gives national advantage in the international environment:

- firm strategy' structure and rivalry

- related supporting industries

- demand conditions

- factor conditions.

Related supporting industries refers to the presence of supporting industries that helps a company to thrive.

Forms depend on others for high productivity. When the presence of other supporting companies is adequate production will be maximised.

This is the case in the given instance where the country of Arcadia has clusters of associated businesses and suppliers which include individual dye and textile manufacturing firms, chemical plants, and leather manufacturing companies, most of which are well reputed and internationally competitive. This has made Arcadia a major force in the global economic market

The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient, the price of a security—such as a share of a particular corporation’s common stock—should be____the present value estimate of the firm’s expected cash flows discounted by its appropriate rate of return (also called the intrinsic value of the stock).
Almost all financial theory and decision models assume that the financial markets are efficient. The informational efficiency of financial markets determines the ability of investors to "beat" the market and earn excess (or abnormal) becomes available. Financial theorists have identified three levels of informational efficiency that reflect what information is incorporated in stock prices.
Consider the following statement, and identify the form of capital market efficiency under the efficient market hypothesis based on this statement.
Current market prices reflect all relevant publicly available information.
This statement is consistent with:_____.
A. Strong-form efficiency.
B. Weak-form efficiency.
C. Semistrong form efficiency.
Consider that there is a semistrong-form of efficiency in the markets.
A pharmaceutical company announces that it has received Federal Drug Administration approval for a new allergy drug that completely prevents hay fever The consensus analyst forecast for the company's earnings per share (EPS) is $4.50, but insiders know that, with this new drug, earnings will increase and drive the EPS to $5.00. What will happen when the company releases its next earnings report?
A. There will be some volatility in the stock price when the earnings report is released: it is difficult to determine the impact on the stock price.
B. The stock price will not change, because the market already incorporated that information in the stock price when the announcement was made.
C. The stock price will increase and settle at a new equilibrium level.

Answers

Answer:

sry I don't know the answer

sry

R(0,t) is the Spot Zero-Coupon (or Discount) Rate. It is the annualized rate on a pure Unit Discount bond B(0,t) - the bond that pays 1 dollar at time t. Assume that R(0,13) = 8.00 per cent. What is the price of B(0,13)? Answer with three decimal digits accuracy. Example: 0.728

Answers

Answer:

0.368

Explanation:

Price of B(0,13) = 1 / (1 + interest rate)^years

Price of B(0,13) = 1 / (1 + 8%)^13

Price of B(0,13) = 1 / (1+0.08)^13

Price of B(0,13) = 1 / (1.08)^13

Price of B(0,13) = 1 / 2.7196237

Price of B(0,13) = 0.3676979247

Price of B(0,13) = 0.368

Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $57,000, and the sales mix is 70% bats and 30% gloves. The unit selling price and the unit variable cost for each product are as follows:
Products Unit Selling Price Unit Variable Cost
Bats $50 $50
Gloves 100 80
a. Compute the break-even sales (units) for both products combined.
b. How many units of each product, baseball bats and baseball gloves, would be sold at break even point?

Answers

Answer and Explanation:

The computation is shown below:

Contribution Margin for Bat

= $50 - $50

= $0

Contribution Margin for Gloves = $100 - $80

= $20

Now  

Overall Contribution Margin = (0 ×70%) + ($20 × 30%)

= $0 + $6

= $6

Now  

A. Break even sales = Fixed cost ÷ contribution margin

= $57,000 ÷  $6

= 9,500

B.Baseball bats = 9,500 × 70% =6,650

Baseball Gloves = 9,500 × 30% = 2,850

Cor-Eng Partnership was formed on January 2, 20X1. Under the partnership agreement, each partner has a 50/50 capital balance with a true up a payment required to equal the initial capital accounts. Partnership net income or loss is allocated 50/50. To form the partnership, Cor originally contributed assets costing $30,000 with a fair value of $80,000 on January 2, 20X1, while Eng contributed $20,000 in cash. Drawings by the partners during 20X1 totaled $3,000 by Cor and $9,000 by Eng. Cor-Eng's 20X1 net income was $25,000. Eng's initial capital balance (after the true up payment) in Cor-Eng is:______.
a. $25,000
b. $20,000
c. $50,000
d. $40,000

Answers

Answer:

Cash (Dr.) $20,000

Other Assets (Dr.) $80,000

Goodwill (Dr.) $60,000

Cor capital (Cr.) $80,000

Eng Capital (Cr.) $80,000

Explanation:

Goodwill is a firms excess asset value than its original cost. It is an intangible asset of a company. Eng and Cor both invested equal amount of value in the business. The fair value of assets is 80,000 which is 60,000 in excess of its cost.

The market rate of return is 11 percent and the risk-free rate of return is 3 percent. Lexant stock has 3 percent less systematic risk than the market and has an actual return of 12 percent. This stock:

Answers

Answer:

over-priced

Explanation:

According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

The market has a beta of one. If a portfolio has the same level of systematic risk that is the same as that of the market, its beta would be equal to 1.  

If the portfolio is less risky than the market, its beta would be less than one  

If the portfolio is more risky than the market, its beta would be greater than one  

Lexant stock beta = (100 - 3) x 1

0.97 x 1 = 0.97

3 + 0.97(11 -3)

3 + 8.25

10.76

Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year

Answers

Answer:

$138,500

Explanation:

The computation of the overhead applied is shown below:

As we know that

Cost of goods manufactured = Beginning WIP + Total manufacturing costs - Ending WIP

$323,000 = $10,500 + Total manufacturing costs - $19,000

So,  

Total manufacturing costs is

= ($323,000 + $19,000 - $10,500)

= $331,500

Now  

Total manufacturing costs is

= Direct materials + Direct labor + Overheads

So,  

Overheads is

= ($331,500 - $115,000 - $78,000)

= $138,500

Since nominal wages were constant as the price level changed, you explain that a decrease in the price level leads to an __________, which leads to firms ________

Answers

Answer:

increase in real wages, hiring less workers

Explanation:

In the case when the nominal wages are remain same but at the same time the level of the price should changed so if there is an decrease in the level of the price so that means there is an increased in the real wages as it is an inverse relationship between the real wages and the price level due to this the firm could hired less workers as the wages are increased

Often, an organization makes a portion of its ________ accessible to external parties as its extranet.a. blog.b. inner firewall.c. internet.d. intranet.

Answers

Answer:

d. intranet.

Explanation:

A local area network (LAN) refers to a group of personal computers (PCs) or terminals that are located within the same general area and connected by a common network cable (communication circuit), so that they can exchange information from one node of the network to another. A local area network (LAN) is typically used in small or limited areas such as a set of rooms, a single building, school, hospital, or a set of well-connected buildings.

Generally, some of the network devices or equipments used in a local area network (LAN) are an access point, personal computers, a switch, a router, printer, etc.

An intranet can be defined as a private computer network established within an organization and is typically used for securely sharing organizational informations, computing resources, operational system, and collaboration tools between employees through an internet protocol (IP). Thus, it's mainly a private network that is only accessible to authorized users or employees within an organization.

However, an organization often makes a portion of its intranet accessible to external parties such as vendors, authorized customers, partners, etc., as its extranet in order to have access to business information.

Arisk-neutral consumer is deciding whether to purchase a homogeneousproduct from one of two firms. One firm produces an unreliable product andthe other a reliable product. At the time of the sale, the consumer is unable todistinguish between the two firmsîproducts. From the consumerîs perspec-tive, there is an equal chance that a given firmîs product is reliable or unreli-able. The maximum amount this consumer will pay for an unreliable productis $0, while she will pay $50 for a reliable product.
a. Given this uncertainty, what is the most this consumer will pay to purchaseone unit of this product?
b. How much will this consumer be willing to pay for the product if the firmoffering the reliable product includes a warranty that will protect the con-sumer? Explain

Answers

Answer:

Uncertainty over Reliable and Unreliable Product

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25

b. The amount that this consumer will be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer is $50.

c. This is because the stated maximum amount that the consumer is willing to pay for the reliable product is $50.  She is not prepared to spend more than this amount on the reliable product.

Explanation:

a) Data and Calculations:

                                                                    Unreliable     Reliable

Maximum amount the consumer will pay      $0              $50

Probability of reliability                                    0.5              0.5

Expected amount to pay for either product  $0              $25 ($50 * 0.5)

a. Given this uncertainty, the most this consumer will pay to purchase one unit of this product is $25 ($0 + $25)

Assuming the required-reserve ratio is 20%, after a $5 billion purchase of securities (government bonds) from the non-bank public by the Fed, if all banks make loans until excess reserves equal zero and there are no cash leakages, checkable deposits can expand as a result of new lending by a maximum of _____.

Answers

Answer: $25 billion

Explanation:

The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:

= Deposit into banking system * Money multiplier

Money multiplier = 1 / Required reserve ratio

= 1 / 20%

= 5

Checkable deposit increase:

= 5 billion * 5

= $25 billion

Project 1 requires an original investment of $125,000. The project will yield cash flows of $50,000 per year for 10 years. Project 2 has a computed net present value of $135,000 over an eight-year life. Project 1 could be sold at the end of eight years for a price of $8,000. (a) Using the present value tables in Exhibits 2 and 5, determine the net present value of Project 1 over an eight-year life, with residual value, assuming

Answers

Answer: $126,613

Explanation:

Net Present value of Project A is:

= Present value of $50,000 annuity + Present value of residual value - Initial investment

Present value of $50,000 annuity:

= 50,000 * ( 1 - ( 1 + rate)^-number of periods) / rate

= 50,000 * ( 1 - ( 1 + 12%) ⁻⁸) / 12%

= $248,382

Present value of residual value:

= 8,000 / ( 1 + 12%)⁸

= $3,231

Net present value

= 248,382 + 3,231 - 125,000

= $126,613

When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded

Answers

Answer:

When the United States sends money to Japan to help earthquake survivors, in which account is this transaction recorded? o credit item in that country's balance of payments.

According to the National Association of Colleges and Employers, finance graduates make an average of (µ) $52,402 a year. The standard deviation of annual salaries of finance graduates is (σ) $7,000. A random sample of 100 accounting graduates show that the sample mean salary is $54,390.If we were to increase the sample size (n) from 100 to 144, the z score will:A) increase.B) decrease.C) stay the same.D) be zero.

Answers

Answer:

National Association of Colleges and Employers

Therefore, if we were to increase the sample size (n) from 100 to 144, the z score will:

A) increase.

Explanation:

a) Data:

Mean (average) (µ) annual earnings of finance graduates = $52,402

Standard deviation of annual salaries of finance graduates (σ) = $7,000

Sample size of accounting graduates (n) = 100

Sample mean salary = $54,390

If sample size were increased to 144, from 100, what happens to the z score will be:

Calculating z score:

z = (x-μ)/σ

= (54,390 - 52,402)/7,000

= 0.284

Example:

= (58,000 - 52,402)/7,000

= 0.8

b) In statistics, as the sample size is increased from 100 to 144, the sample mean, x, ($54,390) and standard deviation ($7,000) will be closer in value to the population mean, μ, ($52,402) and standard deviation, σ.

A sole proprietorship is: Select one: A. the easiest type of business to set up B. the least profitable type of business to set up C. the most expensive type of business to set up D. the most difficult type of business to set up.

Answers

Answer:

it is an easiest type of business to set up because it requires small capital to start but has many disadvantages such as bearing all the risks alone.etc

Hardy Company manufactures a single product by a continuous process involving two production departments. The records indicate that $140,000 of direct materials were issued to and $200,000 of direct labor was incurred by Department 1 in the manufacture of the product. The factory overhead rate is $25 per machine hour; machine hours were 5,000 in Department 1. Work in process inventory in the department at the beginning of the period totaled $35,000; and work in process inventory at the end of the period was $25,000.
The transfer of production costs to Department 2.
Instructions:
Prepare entries to record (a) The flow of costs into Department 1 for (1) direct materials (2) direct labor (3) overhead (b) The transfer of production costs to Department 2.

Answers

Answer:

Hardy Company

Journal Entries:

Department 1:

1. Debit Work in Process $140,000

Raw materials $140,000

To record the issuance of direct materials to Department 1.

2. Debit Work in Process $200,000

Credit Payroll $200,000

To record the direct labor cost incurred by Department 1.

3. Debit Work in Process $125,000

Credit Factory overhead $125,000

To record the overhead applied in Department 1 ($25 * 5,000).

4. Debit Work in Process (Department 2) $475,000

Credit Work in Process (Department 1) $475,000

To record the transfer of production costs to Department 2.

Explanation:

a) Data and Analysis:

1. Work in Process $140,000 Raw materials $140,000

2. Work in Process $200,000 Payroll $200,000

3. Work in Process $125,000 Factory overhead $125,000 ($25 * 5,000)

4. Work in Process (Department 2) $475,000 Work in Process (Department 1) $475,000

Based on this model, households earn income when firms __________ purchase goods and services ___________in markets for factors of production. Suppose Caroline earns $625 per week working as jewelry appraiser for Classy's Jewelry Store. She uses $10 to get her car washed at Spotless Car Wash. Spotless Car Wash pays Antonio $275 per week to wash cars. Antonio uses $150 to purchase a necklace from Classy's Jewelry Store.
Identify whether each of the following events in this scenario occurs in the market for factors of production or the market for goods and services.
Event Market for Factors of Production Market for Goods and Services
Caroline spends $10 to get her car washed.
Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.
Antonio earns $275 per week working for Spotless Car Wash.
Which of the elements of this scenario represent a flow from a household to a firm? This could be a flow of dollars, inputs, or outputs.
i. The car wash Caroline receives
ii. The $275 per week
iii. Antonio earns working for Spotless Car wash
The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store
The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy
True / False

Answers

Answer and Explanation:

Market for Factors of Production:

Antonio earns $275 per week working for Spotless Car Wash.

Market for Goods and Services:

Caroline spends $10 to get her car washed.

Antonio spends $150 to purchase a necklace from Classy's Jewelry Store.

Which of the elements of this scenario represent a flow from a household to a firm?

The $150 Antonio spends to purchase a necklace from Classy's Jewelry Store

The actual economy is more complicated than the one illustrated in the previous circular-flow diagram of a simple economy - false

The circular flow of income represents the flow of economic exchanges between economic agents in the economy. If a household provides the labor factor of production, it is paid and uses the same money to purchase from the same firms that produce goods and services. This is a cycle and actually doesn't get more complex than this in real life, only involves alot more firms or economic agents.

The Best Company is reviewing two options for replacing a piece of machinery. The first machine costs $100,230 and has a four-year life. The second machine costs $155,000 and has a six-year life. Neither machine will have a salvage value. The machines will be replaced at the end of their life. What method should be used to determine which machine to purchase?

Answers

Answer:

Equivalent annual cost method

Explanation:

Equivalent annual cost method is a method used to choose between two projects with an unequal life span

The decision rule is to choose the product with the higher Equivalent annual cost

Equivalent annual cost method is better for making this decision because if net present value is used, the project with the higher useful life would be chosen. this does not mean it is more profitable

9. Suppose Betty saves $200 each month in her 401(k) account. How much less will her monthly take-home pay be than if she saved nothing? (Assume a combined 20% state and federal income tax rate.)

Answers

Answer:

$160

Explanation:

The way 401(k) savings work is that employees can save from their earnings before tax is deducted, which means that on the $200 saved no tax is deducted, hence, the take of the employee reduces by $200

When there are savings, a tax of 20% would have been deducted from the $200, as a result, the employee would be left with $160($200-($200*20%)), which means that take-home would reduce by $40, the amount tax deducted.

The reduction in take-home=$200-$40

The reduction in take-home=$160

A costing system that uses actual costs for direct materials and labor and predetermined overhead rates to apply overhead is called a(n)

Answers

Answer: normal costing system

Explanation:

A costing system which uses the actual costs for direct materials and the labor and predetermined overhead rates to apply overhead is referred to as the normal costing system.

Normal costing system is the cost allocation method whereby cost is assigned to products which are based on the labor, materials, and the overhead which are used in their production.

Last year, a Walmart store in Nebraska had annual sales of $11,390,000, with an average dollar stock amount for the year of $2,149,000. What was the stock turnover for the year at the store in Nebraska? How would the store manager determine if this was a "good" rate of turnover?

Answers

Answer:

See below

Explanation:

1. With regards to the information above, stock turnover is computed as cost of goods sold divided by average stock.

Stock turnover = Cost of goods sold / Average stock

Cost of goods sold/Cost of sales = $11,390,000

Average stock = $2,149,000

Then,

Stock turnover = $11,390,000 / $2,149,000

Stock turnover = 5.30 times

Therefore, the stock turnover for the year at the store in Nebraska is 5.30 times

2. The store manager would determine if it was a good rate of turnover if it increases compare to previous stock turnover. Rate of turnover shows the rate or number of times at which a company can sell and replace its stock of goods within a year.

K Company estimates that overhead costs...
K Company estimates that overhead costs for the next year will be $3,700,000 for indirect labor and $890,000 for factory utilities. The company uses direct labor hours as its overhead allocation base. Of 125,000 direct labor hours are planned for this next year, what is the company's plantwide overhead rate?
a. $0.03 per direct labor hour
b. $36.72 per direct labor hour.
c. $2960 per direct labor hour
d. $712 per direct labor hour
e. $0.14 per direct labor hour

Answers

Answer:

Predetermined manufacturing overhead rate= $36.72 per direct labor hour

Explanation:

To calculate the predetermined manufacturing overhead rate we need to use the following formula:

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (3,700,000 + 890,000) / 125,000

Predetermined manufacturing overhead rate= 4,590,000 / 125,000

Predetermined manufacturing overhead rate= $36.72 per direct labor hour

On the balance sheet, total assets minus net fixed assets equals:________.
a. current assets
b. current liabilities
c. gross fixed assets
d. total assets

Answers

Answer:

Current assets

Explanation:

the Answer is subtracting from total assets so it can’t be d. It also doesn’t include liabilities as your answer is something in the asset category. You are already subtracting fixed assets so it can’t be c. The answer is a. Current assets

Other Questions
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