Consider the following balance sheet data for Tom\'s Computer Stores: 81,000 227

Question

Consider the following balance sheet data for Tom's Computer Stores: 81,000 227,000 362.500 677,500 Accounts payable Short-term bank note Accruals 73,000 148,000 48,500 269,500 239,500 200,000 288,500 997.500 Cash Receivables Inventories Total current liabilities Long-term bonds Common stock Retained earnings Total liabilities& equity Total current assets Net fixed assets Total assets 320.000 997.500 At the present time, how large a check could be written without it bouncing? a. $288,500 ? b, $81,000 c.$677,500 d. $997,500 e. $227,000

Explanation / Answer

check could be written for 81,000 without have it bouncing since the cash balance is $81,000....Payment for check is made through bank/cash balance

So the correct answer is b $81,000

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.