Listed below are year-end account balances ($ in millions) taken from the records of Symphony Stores.
Debit Credit
Accounts receivable 676
Building and equipment 931
Cash 40
Interest receivable 33
Inventory 25
Land 150
Notes receivable (long-term) 495
Prepaid rent 26
Supplies 12
Trademark 44
Accounts payable 563
Accumulated depreciation 76
Additional paid-in capital 483
Dividends payable 21
Common stock (at par) 19
Income tax payable 47
Notes payable (long-term) 889
Retained earnings 296
Deferred revenue 38
TOTALS 2,432 2,432

What would Symphony report as total current assets?

a) $827 millions. b) $812 millions. c) $1,685 millions. d) $852 millions.

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When is going to be why would you put money into saving account

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.