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9 . If an enterprise s total current assets are $ 2 2 5 , 0 0 0 and its total current liabilities are $

9. If an enterprises total current assets are $225,000 and its total current liabilities are $150,000, its working capital is:
a. $375,000
b. None of these
c. $225,000
d. $75,000
10. The books show a cash balance of $1,283 as of February 28. The bank statement of the same date shows a balance of $1,524. The total outstanding check is $391. The bank statement shows a service charge of $2, a draft collection charge of $2.50 and an NSF check in the amount of $23. The books show a deposit of $124, which the bank has not recorded. The correct cash balance on February 28 is:
a. $1,525
b. $1,283
c. $1,256-
d. $1,665
11. Lou deposits $2,750 in a certificate of deposit that pays 10.53 percent simple interest. How much will be on deposit at the end of the year?
a. $3,039.58
b. $3,225.58
c. $2,999.50
d. $2,888.00
12. The cost of time NOT worked for an employee who takes a two-week vacation and earns $52,380 annually is:
a. $2,619.00
b. $2,041.62
c. $2,014.62
d. None of these

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