XYZ has the following assets: What would be the total cash equivalents at year-end for XYZ?
A)$80,000
B)$100,000
C)$120,000
D)$140,000
E)$220,000

Question

XYZ has the following assets:  What would be the total cash equivalents at year-end for XYZ?
A)$80,000 
B)$100,000 
C)$120,000 
D)$140,000 
E)$220,000

Quizplus · Accepted Answer

The question does not provide any information about the assets held by XYZ. Therefore, we cannot accurately determine the total cash equivalents just by looking at the provided asset number. However, if we assume that the question intends to provide the asset value instead of the asset number, we can make an educated guess based on industry norms. In that case, a total of $120,000 in cash equivalents would be a reasonable estimate for XYZ, as this is a common range for cash equivalents held by small to medium-sized businesses.

XYZ Has the Following Assets: What Would Be the Total