4 How much are total current assets using the given items in TL: Accounts Payable 60.000, Accounts Receivable 200.000, Accumulated Depreciation 180.000,Allowance for Doubtful Accounts 4.000, Bank Loans(LT) 80.000, Bank Loans(ST) 40.000, Banks 360.000, Building 222.000,Capital 700.000, Cash 20.000, Land 120.000, Merchandise Inventory 120.000, Notes Payable 50.000, Prepaid Expenses 12.000,Provision for Corporate Tax 20.000,Unearned Revenue 20.000,and Vehicle 180.000.

Select one:

a 590.000 TL

b 708.000 TL

c 600.000 TL

d 780.000 TL

9 Hahn Company uses the percentage of sales method for recording doubtful amounts. For the year, cash sales are 300.000 TL and on account sales are 1.500.000 TL. Management estimates that 1% is the sales percentage to use. What end of period accounting record will Hahn Company make to record the doubtful amount?

Select one:

a Debit Allowance Expenses 18.000; Credit Allowance for Doubtful Accounts 18.000

b Debit Allowance Expenses 18.000; Credit Accounts Receivable 18.000

c Debit Allowance Expenses 15.000; Credit Allowance for Doubtful Accounts 15.000

d Debit Allowance Expenses 15.000; Credit Accounts Receivable 15.000

11 During 2019, Yoder Enterprises generated domestic sales revenues of 150.000 TL and foreign sales revenues of 30.000. The companys expenses are cost of goods sold of 90.000 TL, operating expenses of 36.000 TL, and financing expenses 14.000 TL. Calculate the companys operating profit.

Select one:

a 24.000 TL

b 90.000 TL

c 54.000 TL

d 40.000 TL