Answer:
The two major components of Working Capital are Current Assets and Current Liabilities. One of the major aspects of an effective working capital management is to have regular analysis of the company's currents assets and liabilities.
Answer:
$ 244 million
Explanation:
Calculation for how much has GE saved in taxes by choosing LIFO over FIFO method for costing inventory
Tax rate Amount (In millions)
LIFO $ 10,315.00 35% =$ 3,610.25
FIFO $ 11,012.00 35% =$ 3,854.20
Savings in taxes $ (697.00) $ (243.95)
Hence,
Savings in taxes=$ 3,610.25 million-$ 3,854.20 million
Savings in taxes=($243.95 million)
Savings in taxes=($ 244 million) Approximately
Therefore the amount that GE saved in taxes by choosing LIFO over FIFO method for costing inventory will be $ 244 million
The adjusted balance of Jessica for the month of October is $ 1033.76. In this method, monthly payment is deducted from the unlock balance, and purchase is not included in the balance.
<h3>What is the adjusted balance method?</h3>
With the adjusted balance method, the credit card company starts with the balance from the end of the last payment cycle and withdraws any payments made, and adds any credits sent to the account during the current cycle.
In the given information, to calculate the adjusted balance we will deduct the payments made from the beginning balance and ignore the purchases made for the month:
Hence, The correct answer is Option B.
To learn more about adjusted balance method, refer to the link:
brainly.com/question/11355738
Answer:
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
Explanation:
Arasota Company Journal entry
Dr Land $146,440
Cr Common stock (3,380 shares×$12 par value) $40,560
Cr Paid in Capital in excess of Par common stock $105,880
good debt is for buying assets : things that will be worth more in the future
bad debt is for buying liabilities : things that will be worth less in the future
