At year-end 2016, total assets for arrington inc. were $1 million and accounts payable were $410,000. sales, which in 2016 were $2.7 million, are expected to increase by 30% in 2017. total assets and accounts payable are proportional to sales, and that relationship will be maintained; that is, they will grow at the same rate as sales. arrington typically uses no current liabilities other than accounts payable. common stock amounted to $470,000 in 2016, and retained earnings were $340,000. arrington plans to sell new common stock in the amount of $60,000. the firm's profit margin on sales is 3%; 40% of earnings will be retained. what were arrington's total liabilities in 2016?

As a result of a labeling mistake at the chemical factory, a farmer accidentally sprays weedkiller rather than fertilizer on half her land. as a result, she loses half of her productive farmland. if the property of diminishing returns applies to all factors of production, she should expect to seea. a decrease in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. b. an increase in the marginal productivity of her remaining land and an increase in the marginal productivity of her labor. c. an increase in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor. d. a decrease in the marginal productivity of her remaining land and a decrease in the marginal productivity of her labor.