Maxim Company had the following partial listing of accounts and balances at year-end: Cash, $7,000; Accounts Receivable, $6,000; Accounts Payable, $15,000; Equipment, $23,000; Inventories, $5,000; Supplies, $1,000; Land, $75,000; Unearned Service Revenue, $13,000; and Prepaid Rent, $4,000. The total current assets for Maxim Company is:
$19,000.
$23,000.
$149,000.
$98,000.

$23,000

Explanation:

The computation of the total current assets is shown below:

= Cash + Accounts Receivable + Inventories + Supplies + Prepaid Rent

= $7,000 + $6,000 + $5,000 + $1,000 + $4,000

= $23,000

These above assets are classified as current assets which is to be liquidated into cash within one year

The rest items are shown as the current liabilities and the fixed assets. Hence, ignored it

a recipe serves 8 people, and calls for 5 lbs of apples and 2 cups of flour. you want to prepare it for 24 people. divide 24 by 8 to get 3, and then multiply your ingredients by 3.

so for 24 people, you'll need 15 lbs of apples, and 6 cups of flour.

answer; the cpi;