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Jensen and Associates has a projected balance sheet that includes the following accounts.
Cash
$ 225,000
Marketable securities
?
Accounts receivable
680,000
Inventory
940,000
Non-current assets, net
1,420,000
Current liabilities
375,000
Total liabilities
1,060,000
Total equity
2,985,000
What is the projected marketable securities balance?
Select one:
A. $0
B. $1,565,000
C. $780,000
D. $1,155,000
E. None of the above
Jiminy's Cricket Farm issued a 30-year, 7.6 percent semiannual bond 5 years ago. The bond currently sells for 84.5 percent of its face value. The book value of this debt issue is $109 million.
on your first through fifth birthdays your parents placed 2000 into your college fund five total deposits of 2000 each.
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