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2 years ago

True or false: working capital is a popular measure of a company's ability to satisfy its long-term obligations.

Business

1 answer:

kondaur [170]2 years ago

4 0

It is False that working capital is a popular measure of a company's ability to satisfy its long-term obligations.

<h3>What is working capital?</h3>

Working capital can be described as the amount of money that is available for the current, short-term obligations.

To make the working capital to keep running, you'll need to calculate your current levels as well as the project your future needs, hence It is False that working capital is a popular measure of a company's ability to satisfy its long-term obligations.

Learn more about capital at:

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On February 15, Jewel Company buys 7,000 shares of Marcelo Corp. common stock at $28.53 per share. The stock is classified as a

inessss [21]

The journal entry to record the <em>sale of the 3,500 shares</em> of stock on November 17 is as follows:

Debit Cash $102,550

Credit Investment in Marcelo Corp $99,855

Credit Gain from Sale of Investment $2,695

Data and Calculations:

February 15: Investment in Marcelo Corp $199,710 Cash $199,710 ($28.53 x 7,000)

April 15 Cash $8,050 Dividends Receivable $8,050

November 17: Cash $102,550 Investment in Marcelo Corp $99,855 Gain from Sale of Investment $2,695

Thus, the journal entry to record the <em>sale of 3,500 shares</em> is a debit to Cash, a credit to Investment, and a credit to Gain from Sale of Investment.

Learn more about recording the sale of investment in shares here: brainly.com/question/25781760

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2 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

wolverine [178]

Answer:

C) $88,000

Explanation:

period cost: cost which cannot be capitalize through inventory or other assets.

Under variable cost, the fixed cost are treated as period cost.

Fixed costs:

Fixed manufacturing overhead $ 60,000

Fixed selling and administrative expense $ 28,000

6 0

3 years ago

Doughton Furniture Company purchased merchandise on credit from Furniture Supply for $8,000. Two days later Doughton returned $2

sleet_krkn [62]

Answer:

E) General journal

Explanation:

The general journal is used to record all the accounting transactions carried out by a company. If the company uses an accounting tool software or a more complete ERP software, the transaction should be recorded immediately or as soon as possible.

For example, the journal record for this transaction should be:

Dr Accounts Payable account 6,000
Cr Cash account 6,000

5 0

4 years ago

Crown Co. is expecting to receive 100,000 British pounds in one year. Crown expects the spot rate of the British pound to be $1.

wariber [46]

Answer:

Sell pound forward

Explanation:

Forward rate = $1.51 *(1+2.65%) = 1.51 * 1.0265 = 1.55

Amount receivable in case of forward hedge = 100,000 * 1.55 = 155,000

Premium payable on put options = 100,000 * 0.3 = 3,000

Amount receivable in put options = 100,000 * 1.54 = 154,000

Net receivables in put options = 154,000 - 3,000 = 151,000

Conclusion: Higher amount is available in case of forward hedge. So, sell pound forward

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3 years ago

An economic transaction in which one party trades a good or service for another good or services is called barter. comparative a

Tresset [83]

Answer:

barter

Explanation:

Barter can be regarded as act of trading goods/services involving two or more parties whereby a party provide a goods/services in return for goo/service provided to him/her by another party. It involves system of exchange without using money which means no monetary medium involve. It should be noted that An economic transaction in which one party trades a good or service for another good or services is called barter

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3 years ago