Charlene's Chocolates reported cash of $50,000, accounts receivable of $25,000, inventory of $50,000, accounts payable of $40,000, equipment of $200,000, and a truck at $35,000. What is Charlene's amount of current assets? O $235,000 $165,000 $360,000 $125,000 During the month of April, Diamond's Pet Warehouse reported sales of $100,000, Cost of Goods Sold of $65,000, and total operating expenses of $30,000. What was Diamond's gross profit for the month of April? $5,000 $100,000 $35,000 O $70,000 Kerch Enterprises was organized on July 1, 2019. Projected Sales for each of the first four months of operations are as follows: July August September October Sales (in dollars) 120,000 160,000|200,000 210,000 The company expects to sell 20% of its merchandise for cash. Of sales on account, 30% are expected to be collected in the month of the sale, 50% in the month following the sale, and the remainder in the second month following the sale. Compute the budgeted amount of accounts receivable at the end of August. $227,200 O $108,800 $41,600 $195,200 Jackson Jackhammer Company is trying to decide whether to invest in a project that will require an initial investment of $100,000. Jackson estimates annual cash flows from the project as follows: year 1 $25,000, year 2 $30,000, year 3 $40,000, year 4 $10,000 and year 5 $15,000. Jackson is concerned about how long it will take to recover his investment. Determine in what year Jackson will recuperate is investment. O Year 3 Year 5 Year 2 O Year 4