Use the following information to answer the question:
The firm currently uses straight line depreciation. No fixed assets are expected to be purchased or sold. Current assets and accounts payable vary directly with sales. Notes payable will be paid off in the year 2000. Depreciation in 1999 was $2,000. Sales are expected to grow by 50% in 2000. All net income is paid out in dividends and no new stock or bonds will be issued or retired. Calculate total liabilities for the end of the year 2000.
A) $ 57,500
B) $128,000
C) $ 58,000
D) $107,500

Question

Use the following information to answer the question:
 The firm currently uses straight line depreciation. No fixed assets are expected to be purchased or sold. Current assets and accounts payable vary directly with sales. Notes payable will be paid off in the year 2000. Depreciation in 1999 was $2,000. Sales are expected to grow by 50% in 2000. All net income is paid out in dividends and no new stock or bonds will be issued or retired. Calculate total liabilities for the end of the year 2000.
A) $ 57,500 
B) $128,000 
C) $ 58,000 
D) $107,500

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The Answer of Use the following information to answer the question:
 The firm currently uses straight line depreciation. No fixed assets are expected to be purchased or sold. Current assets and accounts payable vary directly with sales. Notes payable will be paid off in the year 2000. Depreciation in 1999 was $2,000. Sales are expected to grow by 50% in 2000. All net income is paid out in dividends and no new stock or bonds will be issued or retired. Calculate total liabilities for the end of the year 2000.
A) $ 57,500 
B) $128,000 
C) $ 58,000 
D) $107,500

Use the Following Information to Answer the Question