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dusya [7]
1 year ago
12

Assume a project will increase inventory by $61,000, accounts payable by $28,000, and accounts receivable by $36,000. what is th

e initial net working capital requirement for this project?
Business
1 answer:
masha68 [24]1 year ago
8 0

The initial net working capital requirement for this project exists $69,000.

<h3>What is meant by net working capital?</h3>

The difference between a company's current assets such as cash, accounts receivable/unpaid invoices from customers, and inventories of raw materials and completed goods and its current liabilities such as debts and accounts payable is known as working capital, sometimes known as net working capital (NWC).

The difference between a company's current assets and current liabilities is known as net working capital. A company's balance sheet is used to calculate net working capital. The more net working capital you have, the more probable it is that your business will be able to pay its present commitments.

net working capital requirement = $61,000 − 28,000 + 36,000

net working capital requirement = $69,000

The initial net working capital requirement for this project exists $69,000.

To learn more about net working capital refer to:

brainly.com/question/26214959

#SPJ4

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Answer:

False

Explanation:

Balance sheets relate to balance and expenditure over a period.

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The production-inventory taxonomy is based on _____________ producing standardized products through an assembly line, while ____
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system producing

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Explanation:

The production-inventory taxonomy is based on continuos system producing standardized products through an assembly line, whille intermittent system are used to produce non standardized products through a job shop.

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True Furniture Co., Ltd. produces desks and cabinets for computers. The production process is largely divided into woodworking a
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Which of the following typically involves the use of social networks to communicate and promote the benefits of products and ser
professor190 [17]

Answer:

b) social network advertising

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3 0
3 years ago
For each of the following transactions below, prepare the journal entry (if one is required) to record the initial transaction a
Nikitich [7]

Answer and Explanation:

the journal entries are as follows:

a Prepaid rent $213,000

               To cash  $213,000

(To record prepaid rent)  

Adjusting entry:  

Rent expense $71,000  ($213,000 ÷ 3)  

        Prepaid rent  $71,000

(To record September rent expense)  

b Cash $840,000

         To unearned sales revenue $840,000

(To record cash received on season sales)  

Adjusting entry:  

Unearned sales revenue  ($840,000 ÷ 12)  $70,000

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(To record sales revenue recognised)  

c Cash $300,000

      Note payable  $300,000

(To record note payable issued on borrowed amount )  

Adjusting entry:  

Interest expense ($300,000 × 6% ÷ 12) $1,500

         Interest payable   $1,500

(To record interest payable due)  

d Prepaid advertising 3,500

          To Cash 3,500

(To record cash paid for advertising)  

Adjusting entry:  

Advertising expense ($3,500 ÷  60) × 20 $1,167

   To prepaid advertising  $1,167

e No entry  

Adjusting entry:  

Accounte receivable ($160,000 × 8%) $12,800

        Sales revenue   $12,800

(To record amout due)  

6 0
2 years ago
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