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madam [21]
1 year ago
12

Red Roofs, Inc. has current liabilities of $24,300 and accounts receivable of $7,800. The firm has total assets of $43,100 and n

et fixed assets of $23,700. The owners' equity has a book value of $21,400. What is the amount of the net working capital
Business
1 answer:
Bezzdna [24]1 year ago
8 0

The amount of the net working capital is -$4,900

Net working capital = $43,100 - $23,700 - $24,300 = -$4,900

What is the meaning of net working capital '?

The net working capital of a corporation is the difference between short-term assets and short-term liabilities (NWC). Positive net working capital indicates that a business has paid its debts and has funds left over to invest in other operational needs, which is fantastic.

Why is net working capital important?

Net working capital is significant because it provides insight into a company's liquidity and determines if it has sufficient funds to meet its immediate obligations. If the net working capital number is zero or higher, the company can meet its immediate obligations.

Learn more about net working capital: brainly.com/question/21852402

#SPJ4

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Morningstar serves three key constituents: individual investors, financial advisors, and institutional investors. institutional
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8 0
2 years ago
Billy Thornton borrowed $20,000 at a rate of 7.25%, simple interest, with interest paid at the end of each month. The bank uses
Dmitry [639]

Answer:

Interest for a 30 day month = $120.83

Explanation:

<em>Interest rate rate is the price paid by a borrower for the use of money and the return earned by a lender for postponing his consumption in favour of investment. </em>

Interest is computed in two ways; Simple interest and compound interest

Simple interest: This is the interest paid on the principal invested or borrowed. To calculate simple interest, we use the formula below:

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5 0
2 years ago
A company has $73M in assets and $24M in liabilities. What is the value of equity?
kaheart [24]

Answer:

\boxed{\sf (C) \ \$49M}

Given:

Assets = $73M

Liabilities = $24M

To Find:

Value of equity

Explanation:

Total equity is what is left over after you subtract the value of all the liabilities of a company from the value of all of its assets.

Formula:

\boxed{ \bold{Equity = Assets - Liabilities}}

By substituting value of assets & liabilities in the formula we get:

\sf Equity =  \$73M -  \$24M \\  \\  \sf Equity =  \$49M

5 0
3 years ago
In economics, natural not created by people are called ____ , which can include ____
Sonja [21]

Answer:

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Explanation:

4 0
3 years ago
Read 2 more answers
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